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Notifications/Circulars

Additional quota of Toor allowed for import for fiscal year 2019-20

July 5, 2019 630 Views 0 comment Print

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade 05th July, 2019 TRADE NOTICE NO. 23/2019-2020 To RA’s of DGFT Customs Commissionerates Members of Trade Joint Secretary (Customs), CBF,C, Department of Revenue Subject: Additional quota of Toor allowed for import for the fiscal year 2019-20. Department of Commerce, Ministry […]

SION for export product Walnut Kernels (Chandler Variety) notified

July 5, 2019 2826 Views 0 comment Print

SION for export product Walnut Kernels (Chandler Variety) in Food Product Group has been notified by DGFY vide  Public Notice No. 18/2015-2020 Dated 5th July, 2019.

Basel III Framework on Liquidity Standards – LCR, FALLCR against credit disbursed to NBFCs & HFCs

July 5, 2019 990 Views 0 comment Print

As per the roadmap, FALLCR is scheduled to increase by 0.50 per cent of NDTL on August 1 and December 1, 2019, respectively. It has been decided that, with immediate effect, banks will be permitted to reckon this increase in FALLCR of 1.0 per cent of the bank’s NDTL as Level 1 HQLA for computing LCR, to the extent of incremental outstanding credit to NBFCs and Housing Finance Companies (HFCs

Partial discharge of Custom bonds executed by nominated agencies/ banks

July 5, 2019 1074 Views 0 comment Print

Circular No. 25/2018-Customs dated 08.08.2018 has prescribed standard operating procedures for the expeditious discharge of the bonds executed by nominated agencies/ banks under notification No. 57/2000-Customs dated 08.05.2000, as a measure of trade facilitation.

Detailed analysis of changes in Central Excise & Custom- Budget 2019

July 5, 2019 19002 Views 0 comment Print

Changes in Customs, Central Excise, Service Tax, GST law and rates have been proposed through the Finance (No.2) Bill, 2019. To prescribe effective rates of duty following notifications are being issued:

Last date to opt alternate GST composition scheme extended

July 4, 2019 5703 Views 4 comments Print

It was recommended that the last date for filing the said intimation may be extended. Accordingly, a corrigendum dated 01.07.2019 to Circular No. 97/16/2019-GST has been issued extending the last date for filing the intimation for availing this benefit from 30.04.2019 to 31.07.2019.

Issue of Advance Authorization where import item is ‘Pulses’ and/or ‘Peas’

July 4, 2019 1257 Views 0 comment Print

Advance authorisations shall not be issued, where import item is ‘pulses’ and/or ‘Peas’ of any kind, which is under restricted/prohibited/State Trading Enterprises (STE) lists vide Public Notice No. 17/2015-2020 Dated: 04 JULY, 2019. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE PUBLIC NOTICE NO. 17/2015-2020-DGFT NEW DELHI, […]

Implementation of Track & Trace system for export of Pharma & Drugs extended to 01.04.2020

July 4, 2019 1161 Views 0 comment Print

Implementation of the Track and Trace system for export of Pharmaceuticals and drug consignments alongwith maintaining the Parent-Child relationship in the levels of packaging and their movement in supply chain — Extension of date of implementation

CBIC notifies Rate of Exchange of Foreign Currencies wef 05.07.2019

July 4, 2019 996 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 05th July, 2019 notified vide Notification No. 48/2019–Customs (N.T.) dated 04th July, 2019.

CBDT notifies Chhattisgarh Building and Other Construction Workers Welfare Board for exemption U/s. 10(46)

July 4, 2019 1407 Views 0 comment Print

Notification No. 52/2019- Central Government notifies‘Chhattisgarh Building and Other Construction Workers’ Welfare Board’, a Board constituted by the Government of Chhattisgarh, in respect of the following specified income arising to that council under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 52/2019 New […]

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