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Notifications/Circulars

Undertaking Valuation Assignment in CIRP before Registering as valuer violates Model Code of Conduct

September 4, 2020 1272 Views 0 comment Print

Mr Abhishek Ahuja, despite having mandatory training and qualifying the valuers examination, has displayed his lack of understanding of the provisions of the Rules and standards of valuation profession. He allowed the resolution professional to engage him as the registered valuer in a CIRP even though he was not registered as a valuer and also […]

CBIC to roll-out Faceless Assessment at all India level by 31.10.2020

September 4, 2020 801 Views 0 comment Print

The Board has now decided to roll-out Faceless Assessment at an all India level by 31st October 2020. In the proposed schema, 11 National Assessment Centres (NACs) have been constituted. The role of NACs and coordination among them as well as the Directorates is very critical to the successful implementation of Faceless Assessment and for bringing uniformity and enhanced quality of assessments.

Custom appeals officers Jurisdiction for bill of entry or Goods warehousing-Reg.

September 4, 2020 723 Views 0 comment Print

In respect of the bill of entry entered for home consumption under sub-section (1) of section 46 or for warehousing under section 68 of the said Act for goods imported at a customs station in the jurisdiction of the officers as mentioned in

All India roll-out of Faceless Assessment by CBIC

September 4, 2020 2427 Views 0 comment Print

CBIC has decided to roll-out the Faceless Assessment at an All India level in all ports of import and for all imported goods by 31.10.2020. The detailed roll-out plan in phases covering different Customs Zones and Chapters of the Customs Tariff Act, 1975, including the existing Phases I and II, is given in Annexure I.

Customs procedure for export of cargo in containers & closed bodied trucks

September 4, 2020 633 Views 0 comment Print

CBIC had prescribed the procedure for facilitating and monitoring transshipment of consignments sealed at ICDs/CFSs under ECTS and destined for export to Nepal or Bangladesh.

Export of Finished Leather – Revised Leather Norms

September 4, 2020 6009 Views 0 comment Print

Certain additions/amendments have been made in the entry Finished Leather all kinds appearing at Serial No: 176, Chapter 41, Schedule 2 – Export Policy, of the Foreign Trade Policy 2015-20 in the light of several changes that have taken place in the past 7-8 years in the tanning technology and new types of finished leather […]

e-Nomination facility for NPS subscribers

September 3, 2020 882 Views 0 comment Print

PFRDA has issued a Circular pertaining to ‘e-Nomination facility for NPS Subscribers’ in order to help and guide the Subscribers of NPS in understanding detailed provisions regarding ‘Nominations’ under NPS and process flow of e-Nomination facility.

Grant of Parole/Furlough to inmates & their premature release from Prison

September 3, 2020 1905 Views 1 comment Print

Prison, as a deterrent and an institution of correctional administration, is a key constituent of criminal justice system. Imprisonment besides being a mode of punishment also aims at protecting the society from criminal activities. A balance is, therefore, considered essential between ensuring the rights of inmates and protecting the society from further harm.

CBIC notifies Rate of Exchange of Foreign Currencies wef 4.9.2020

September 3, 2020 2367 Views 0 comment Print

Exchange Rates Notification No. 84/2020-Custom (NT) dated 03.09.2020 [Effective from 04th September, 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 84/2020 – Customs (N.T.) New Delhi, dated the 3rd September, 2020 12 Bhadrapada 1942 (SAKA) In exercise of the powers conferred by section […]

Cessation of ‘Aditya Birla Idea Payments Bank Ltd’ as a banking company

September 3, 2020 477 Views 0 comment Print

We advise that the Aditya Birla Idea Payments Bank Limited has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020

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