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CBDT Order appointing 55 IRS Officers As JCIT

November 28, 2018 4482 Views 0 comment Print

OFFICE ORDER NO. 197 OF 2018 The President is pleased to extend the ad-hoc appointments of the following IRS officers to the grade of Joint Commissioner of Income Tax from 01.10.2018 to 31.03.2019 or upto the date of their regular appointment, whichever is earlier: –

Corrigendum to Circular 44/2018-Customs dated 13.11.2018

November 27, 2018 3051 Views 0 comment Print

The document code for Extended Producers Responsibility Authorization (EPRA), given in the table at para 1, may be read as 651002 instead of 651001 as mentioned in the above said Circular.

CBDT Directive on Refund Fraud & Confidential Data Leakage

November 27, 2018 1968 Views 0 comment Print

Large-scale outsourcing of data entry functions in the Income Tax Department poses a risk of refund frauds and leakage of confidential data. It has been noticed that quite often the outsourced data entry operators have access to the RSA Tokens issued to the officers and are also aware of the passwords.

Advisory on ENDS, e-Cigarettes, e-Nicotine, Flavoured Hookah etc.

November 27, 2018 1599 Views 0 comment Print

Advisory on Electronic Nicotine Delivery Systems (ENDS) including e-Cigarettes, Heat-Not-Burn devices, Vape, e-Sheesha, e-Nicotine Flavoured Hookah, and the like products

SEBI guidelines to operationalse Interoperability among Clearing Corporations

November 27, 2018 1815 Views 0 comment Print

(1) The interoperability framework shall be applicable to all the recognised clearing corporations excluding those operating in International Financial Services Centre. (2) All the products available for trading on the stock exchanges (except commodity derivatives) shall be made available under the interoperability framework.

Re-Constitution of High Level Committee on CSR 2018

November 27, 2018 1377 Views 0 comment Print

High Level Committee on Corporate Social Responsibility — 2018 (HLC-2018) is hereby re-constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate the roadmap for a coherent policy on CSR.

Re-Constitution of Task Force drafting New Direct Tax Legislation

November 26, 2018 1032 Views 0 comment Print

In partial modification of the earlier order, the Government has appointed Shri Akhilesh Ranjan, Member (Legislation), CBDT as Convenor of the Task Force. Other members of the Task Force remain unchanged.

Refund of IGST paid on exports of goods done from Non-EDI sites

November 26, 2018 1623 Views 0 comment Print

For the convenience of the field formations, the procedure for processing IGST refund claims for exports made from Non-EDI sites, is as under: (i) Firstly, the export data is to be captured using offline utilities and transmitted by the field formations to DG (Systems) by email.

IBBI: Draft Specimen of Information Memorandum, Evaluation Matrix & Resolution Plan

November 26, 2018 5586 Views 0 comment Print

IBBI invites Suggestions and Comments on Draft Specimen: a. Information Memorandum b. Evaluation Matrix c. Request for Resolution Plans, and d. Resolution Plan.

Mandatory hedge coverage reduced to 70% for Track I ECBs

November 26, 2018 792 Views 0 comment Print

It has been decided, in consultation with the Government of India, to reduce the mandatory hedge coverage from 100 per cent to 70 per cent for ECBs raised under Track I of the ECB framework by eligible borrowers

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