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Notifications/Circulars

Anti-dumping duty on imports of Digital offset printing plates

January 30, 2020 1275 Views 0 comment Print

CBIC Seeks to impose provisional anti-dumping duty on the imports of the Digital offset printing plates, originating in or exported from China PR, Japan, Korea RP, Taiwan and Vietnam vide Notification No. 2/2020-Customs (ADD) dated 30th January, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 2/2020-Customs (ADD) New Delhi, the 30th January, 2020 G.S.R. […]

Misclassification of goods under ‘Others’ category at the time of Import- reg

January 29, 2020 1692 Views 0 comment Print

Vide Trade Notice No. 46/2019 dated 17.01.2020 members of the Trade and Industry were advised to suggest appropriate HS codes for goods they are importing under ‘Others’ category where the existing HS codes are not sufficient.

2% Additional Ad Hoc Incentive for HS Codes 85171211 and 85171219

January 29, 2020 4509 Views 0 comment Print

A 2% Additional Ad hoc Incentive for 2 HS Codes/ tariff lines 85171211 and 85171219 is notified for exports made with Let Export date from 01.01.2020 to 31.03.2020 vide Notification No: 43/2015-2020 dated 29 Jan, 2020,

Withdrawal of MEIS for items in Apparel and Made-ups sector

January 29, 2020 6204 Views 0 comment Print

Withdrawal of MEIS for items in the Apparel and Made-ups sector (Chapter 61, 62 and 63 of ITC HS 2017) from 07.03.2019, Amendment in the para 4.95 of the Handbook of Procedures, 2015-20 and revision of the ANF 4R for Implementation of RoSCTL Scheme

Pollachi notified as Town of Export Excellence for Coir & Coir products

January 29, 2020 768 Views 0 comment Print

Town of Pollachi in Tamil Nadu has been notified as a Town of Export Excellence for Coir and Coir products vide Public Notice No. 57/2015-20 dated: 29th January, 2020.

CBDT notifies more modes of e-payments; 6DD limit reduced to ₹ 10000

January 29, 2020 14223 Views 0 comment Print

Notification No. 8/2020-Income-Tax- CBDT has notified Other electronic modes by inserting New Income TAx Rule 6ABBA. It also amended marginal heading of rule 6DD and in rule 6DD for the words ‘account payee bank draft, exceeds twenty thousand rupees’, the words, figures and letters ‘account payee bank draft or use of electronic clearing system through […]

CBIC notifies Revised All Industry Rates (AIRs) of Duty Drawback

January 28, 2020 9249 Views 0 comment Print

The tariff items and descriptions of goods in the said Schedule are aligned with the tariff items and descriptions of goods in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) at the four-digit level only. The descriptions of goods given at the six digit or eight digitin the said Schedule are in several cases not aligned with the descriptions of goods given in the First Schedule to the Customs Tariff Act, 1975.

IBBI: Transfer of Membership from one RVO to another

January 28, 2020 1902 Views 0 comment Print

The Rules envisage a competitive industry of RVOs, where they compete with one another to provide better valuation services through their professional members, in the interest of the users, and other stakeholders of valuation services. The Rules also envisage that a member may shift membership from one RVO to another, subject to prior permission of the Authority, that is, the Insolvency and Bankruptcy Board of India (Board) for the same. The Rules further require an RVO to employ fair, reasonable, just and non-discriminatory practices for enrolment and regulation of its members.

CBDT notifies Institute of Pesticide Formulation Technology Gurugram u/s 35(1)(ii)

January 28, 2020 795 Views 0 comment Print

CBDT notifies Institute of Pesticide Formulation Technology Gurugram under section 35(1)(ii) vide Notification No. 07/2020-Income Tax dated 28th January, 2020.

Guidelines on Group Health Insurance Policies upon Merger of PSBs

January 28, 2020 648 Views 0 comment Print

Upon merger of these PSBs, the underlying group health Insurance policies of the customers of the merged banks shall continue to be serviced by the respective insurance companies which issued the policies till the end of policy period. The insurance companies shall make suitable arrangements with the acquiring banks to this effect.

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