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Notifications/Circulars

RBI releases Draft Directions on Prohibition of Market Abuse

September 28, 2018 669 Views 0 comment Print

Date : Sep 28, 2018 The Reserve Bank of India today released draft directions on Prohibition of Market Abuse. Comments on the draft directions are invited from market participants and other interested parties by October 31, 2018 Feedback on the draft directions may be forwarded to: The Chief General Manager, Reserve Bank of India Financial Markets Regulation […]

DGFT allows import of Petcoke for graphite electrode industry

September 28, 2018 1086 Views 0 comment Print

In addition to the existing four industries namely cement, lime kiln, calcium carbide and gasification industries, the fifth one i.e. graphite electrode industry is added for whom Petcoke is freely importable. Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No. 38/2015-2020 Dated the 28 September, 2018 Subject: […]

Customs Rate of South African Rand wef 29.09.2018

September 28, 2018 492 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion (South African Rand) wef 29.09.2018 notified vide Notification No. 83/2018 – Customs (N.T.) dated 28th September, 2018.

Govt restrict Import of Peas classifiable under Exim Code 07131000

September 28, 2018 585 Views 0 comment Print

Import of Peas classified under Exim Code 0713 10 00 (including Yellow peas, Green peas, Dun peas and Kaspa peas) is “Restricted” till 31.12.2018 vide Notification No,37/2015-2020 Dated 28th September, 2018. Government of India Ministry of Commerce & Industry Department of Commerce UdyogBhawan, New Delhi Notification No. 37/2015-2020 Dated the 28th September, 2018 Subject: – […]

Income tax offices to remain open on 29 & 30th Sep 2018 in North West Region

September 28, 2018 4242 Views 0 comment Print

In view of the Time Barring matters, all the officers/officials of Income Tax Department, North West Region are being informed that the Income Tax Offices shall remain open and the receipt counters shall also work during normal office hours on 29.09*2018 [Saturday] and 30.09.2018 (Sunday).

Nil import duty on parts/ components of specified textile machinery

September 28, 2018 3006 Views 0 comment Print

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and subsection (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 785(E), dated the 30th June, 2017, namely:-

Import duty exemption on specified goods for use in manufacture of specified goods

September 28, 2018 2520 Views 0 comment Print

Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002  to provide Import duty exemption on specified goods for use in manufacture of specified goods Government of India Ministry of Finance (Department of Revenue) Notification No. 71/2018-Customs New Delhi, the 28th September, 2018 G.S.R.943(E).– In exercise of the powers conferred by sub-section (1) of […]

TCS by e-commerce operators on inter-Union Territory taxable supplies

September 28, 2018 1062 Views 0 comment Print

Every electronic commerce operator, not being an agent, shall collect an amount calculated at a rate of one per cent. of the net value of inter-Union Territory (without legislature) taxable supplies made through it by other suppliers where the consideration with respect to such supplies is to be collected by the said operator. MINISTRY OF […]

TCS by e-commerce operators on intra-Union Territory taxable supplies

September 28, 2018 1284 Views 0 comment Print

Central Government notifies vide Notification No. 12/2018-Union Territory Tax that every electronic commerce operator, not being an agent, shall collect an amount calculated at a rate of half per cent  of the net value of intra-Union Territory (without legislature) taxable supplies made through it by other suppliers where the consideration with respect to such supplies […]

CBIC extends Mandatory RFID sealing due date to 01.11.2018

September 28, 2018 1275 Views 1 comment Print

References have been received regarding Circular 19/2018-Customs dated 18th June 2018 seeking a postponement in the date for mandatory RFID sealing in case of movement of goods under warehousing bond. The Board has decided to extend the date to 1st November, 2018 in order enable establishment of infrastructure and procurement of seals by warehouse owners.

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