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Notifications/Circulars

Securities Contracts (Regulation) (Second Amendment) Rules, 2020

July 31, 2020 2472 Views 0 comment Print

(1) These rules may be called as Securities Contracts (Regulation) (Second Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette.

Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2020

July 31, 2020 957 Views 0 comment Print

(1) These regulations may be called the Transhipment of Cargo to Nepal under Electronic Cargo Tracking System (Amendment) Regulations, 2020. (2) They shall come into force on the day of their publication in the Official Gazette.

Notification No. 31/2020-Customs (N.T./CAA/DRI), Dated 31.07.2020

July 31, 2020 882 Views 0 comment Print

Notification No. 31/2020-Customs (N.T./CAA/DRI), dated 31.07.2020- Appointment of Common Adjudicating Authority (CAA) by DGRI-reg. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) Notification No. 31/2020-Customs (N.T./CAA/DRI) New Delhi, the 31st July, 2020 S.O. 2628(E).- In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated […]

Issuance of CoO for India’s exports under ASEAN-India FTA- Reg.

July 31, 2020 1458 Views 0 comment Print

It is informed that w.e.f. 01.08.2020, the CoO applications for exports from India to Thailand under ASEAN-India FTA should be submitted through the e-COO Platform by the exporters to the designated issuing agencies i.e. EIA, MPEDA and Textile Committee.

E-Invoice under GST for turnover above 500 crore, SEZ excluded

July 30, 2020 76551 Views 1 comment Print

E-invoicing mandatory for registered person having turnover above INR 500 Crore e-invoice under GST is applicable for assessee’s having turnover in a financial year above Rs. 500 crore with effect from October 1, 2020 and SEZ units are excluded from e-invoicing. Notification No. 61/2020–Central Tax Dated:  30th July, 2020. Irrespective of the turnover, e-invoicing shall […]

CBIC notifies revised Format/Schema for e-Invoice under GST

July 30, 2020 20550 Views 1 comment Print

CBIC notifies vide Notification No. 60/2020–Central Tax Dated:  30th July, 2020 revised Format/Schema for e-Invoice under GST by replacing existing FORM GST INV-01 with new FORM GST INV-1. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 60/2020–Central Tax Dated:  30th July, 2020 G.S.R. 480(E).—In exercise of […]

IRDAI (Regulation of Insurance Business in SEZ) (Amendment) Rules, 2020

July 30, 2020 2466 Views 0 comment Print

These rules may be called the Insurance Regulatory and Development Authority of India (Regulation of Insurance Business in Special Economic Zone) (Amendment) Rules,2020.

CCI notified to share information with Income Tax Department

July 30, 2020 1824 Views 0 comment Print

Central Government specifies Director General / Secretary, Competition Commission of India for the purpose sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 57/2020-Income Tax New Delhi, the 30th July, 2020 S.O. 2528(E).—In pursuance of sub-clause […]

2nd phase of All India roll-out of Faceless Assessment wef 03.08.2020

July 30, 2020 1056 Views 0 comment Print

CBIC has decided to begin the 2nd phase of All India roll-out of Faceless Assessment w.e.f. 03.08.2020 by including Delhi and Mumbai Customs Zones and extending the scope of Faceless Assessment at Chennai and Bangalore Customs Zones.

Application procedure & criteria for export of 2/3 Ply Surgical Masks

July 30, 2020 3081 Views 1 comment Print

The application procedure and criteria for export of 2/3 Ply Surgical Masks is outlined below: I. Export of only 4 Crore units of ‘2/3 Ply Surgical Masks ‘ will he allowed for the month of August. II. Exporters (Both Manufacturers and Merchant exporters) may apply online through DGFT’s ECOM system for Export authorizations (Non-SCOMET Restricted items) – Please refer Trade Notice No. 50 dated 18.03.2019. There is no need to send any hard copy of the application via mail or post.

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