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Notifications/Circulars

Clearance of import of metal scrap – Procedure – Regarding

November 29, 2019 5619 Views 0 comment Print

Certain field formations have raised doubts regarding treatment of consignments of metal scrap till such time scanning facilities are installed at the gateway ports.

Tariff Notification No. 86/2019-Customs (N.T.) Dated 29th Nov 2019

November 29, 2019 897 Views 0 comment Print

Custom Tariff Notification No. 86/2019-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 86/2019-CUSTOMS (N.T.) New Delhi, 29th November, 2019 8 Agrahayana, 1941 (SAKA) […]

Transfer / Posting to the grade of Commissioner/Pr. Commissioner/Pr. ADG Commissioner/ADG of Customs

November 29, 2019 5007 Views 0 comment Print

Office Order No. 158/2019 The President of India is pleased to promote following officers of Indian Revenue Service (Customs & Central Excise) to the grade of Commissioner of Customs, CGST & Central Excise in the Pay scale of Rs. 37,400-67,000/ with Grade Pay of Rs. 10,000/- (pre-revised) for the panel years mentioned against their names w.e.f. the date of assumption of the charge of the post and until further orders:-

Auto Out of Charge under Express Cargo Clearance System (ECCS)

November 29, 2019 4467 Views 0 comment Print

Briefly, courier Bills of Entry (CBE) filed for clearance of imported cargo under ECCS are subjected to Risk Management System. The Risk Management Server either facilitates or interdicts a Courier Bill of Entry (CBE). The facilitated CBEs after payment of duty, if any are diverted for X-ray screening before final out of charge.

SEBI notifies Permissible Jurisdictions for issuance of Depository Receipts

November 28, 2019 1947 Views 0 comment Print

Listed company shall be permitted to issue permissible securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions and said DRs shall be listed on any of the specified International Exchange(s) of the Permissible Jurisdiction.

SEBI allows Clearing Corporations to invest in Overnight Funds

November 28, 2019 531 Views 0 comment Print

SEBI decided to permit the Clearing Corporations to make investments in Overnight Funds; however, the combined investments made by Clearing Corporations in Liquid Funds and Overnight Funds shall not exceed a limit of ten percent of the total investible resources. Further, the investments in Overnight Funds shall also be considered as ‘Liquid Assets’, for the purpose of calculation of Net worth of a Clearing Corporation.

MVAT on Unmanufactured tobacco, sold in sealed packets under brand name

November 28, 2019 1611 Views 0 comment Print

Guidelines are given to the assessing & appellate authorities, handling cases of dealers, dealing in unmanufactured tobacco, sold in packets under a brand name, in view of the Bombay High Court judgment in the case of M/s Amar Agencies & others.

IRDAI : Extension of time/withdrawal of existing products

November 28, 2019 1332 Views 0 comment Print

Authority has received representations from Life Insurance Council and various life insurers requesting for extension of the timelines referred in the quoted circulars citing reasons of ensuring system preparedness and training of personnel required.  On considering the same

Release of various collection report in ITBA-OLTAS environment

November 28, 2019 1245 Views 0 comment Print

As you may be ware that OLTAS module has been migrated to ITBA environment and presently challan correction facilities are available in ITBA. The various collection MIS/reports which were available in the legacy OLTAS module have been designed and developed in ITBA environment and being release to enable field access and generate. The reports are available in Income Tax Business Application (ITBA) as per the following details:

Pr. DG/DG DRI can appoint Pr. Commissioner/ Commissioner of Customs as adjudicating authorities

November 28, 2019 1863 Views 0 comment Print

Pr. DG/DG DRI to appoint officers of the rank of Principal Commissioner/ Commissioner of Customs as adjudicating authorities in respect of specified cases. This would be in addition to the authority to appoint Additional Director General (Adjudication) as an adjudicating authority.

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