Paragraph 2.79 E has been inserted in the Handbook of Procedures of FTP 2015- 2020 to lay down the procedure for re-export/return of imported SCOMET item(s) due to reasons of obsolescence of technology of imported item(s); cancellation of order by the Indian buyer/end user; dead on arrival, etc.
Import / export of exhibits, including the construction and decorative materials, except items in the ‘Prohibited’ or SCOMET List, required for the temporary stands of foreign / Indian exhibitors at exhibitions, fair or similar show or display for a period of six months on re-export / re-import basis, shall be allowed without an Authorisation on submission of a bond / security to Customs or ATA Carnet.
IEC is to be issued in the name of the firm. So application has to be made in the name of a firm. The firm may be a proprietorship/ partnership/ LLP firm/ HUF firm / an individual or a company (that includes Government Undertaking/ Public or Private Limited company/ Section 25 company/One Director Company/ Registered Society/ Trust).
Various instances have been reported by the DPD importers wherein shipping lines were found to be moving the DPD containers to the CFSs of their own preference & not in accordance with the default stacking code shared to them through the CSLA. Movement of DPD containers to the CFSs other than the choice of the DPD importers may result in extra cost to the DPD importers and also delay in clearance.
every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electronically in such form and manner as may be prescribed on or before the thirty-first day of December following the end of such financial year;
As per Public Notice 161/2016 an undertaking had to be produced by DPD importers in case of part delivery. It has been decided that henceforth only importers having manufacturing facilities (manufacturer importers) can avail the facility of part delivery on submission of an undertaking as per the procedure laid down in PN 47/2007, dated 07.11.2007 & the Public Notice No.161/2016, dated 28.11.2016.
Special Courts for the purposes of sub-section (1) of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 within their respective jurisdiction in the State of West Bengal and in the Union Territory of Andaman and Nicobar Islands.
It has been unambiguously and expressly provided that adverse judgments relating to the following issues should be contested on merits notwithstanding that the tax effect entailed is less than the monetary limits specified in para 3 above or there is no tax effect:
Notice is hereby given that the Limited Liability Partnerships (LLPs), as per Annexure A, have filed applications under the Limited Liability Partnership Act, 2008 for striking off their names from the register of the office of the Registrar of Companies, West Bengal.
It has been decided to relax the additional fees payable by companies on CRA-4 (Cost Audit Report in XBRL format) upto 31.12.2018, wherever additional fee is applicable.
