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Tariff Notification No. 58/2018 -Customs (N.T.) dated 29th June, 2018

June 29, 2018 3030 Views 0 comment Print

Tariff Notification No. 58/2018 -Customs (N.T.) dated 29th June, 2018 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

MGST: Goods which may be disposed off by proper officer after its seizure

June 29, 2018 9039 Views 0 comment Print

Notification No.27/2018-(ST)-Specifying the goods which may be disposed off by the proper officer after its seizure having regard to the perishable or hazardous nature, depreciation in value with the passage of time, constraints of storage space or any other relevant considerations of the said goods.

Maharashtra : No intra state Eway Bill upto Rs. 1 lakh from 1st July

June 29, 2018 237840 Views 20 comments Print

On or after the 1st July 2018, no e-way bill shall be required to be generated for the intra-State movement in the State of Maharashtra if Consignment value of the goods Not exceeding Rs. 1 Lakh

DGFT disallows supplementary claim under Chapter 3 schemes

June 28, 2018 2082 Views 0 comment Print

Wherever any application for supplementary claim is received, within specified time limits, such application may also be considered after imposing a cut @2% on the entitlement. However, no supplementary claims for scrips under chapter 3 of the FTP 2015-20 would be admissible.

DGFT notifies Revised ANF 3B format for grant of duty credit scrips under SEIS

June 28, 2018 16689 Views 0 comment Print

A new application format for grant of duty credit scrips under Services Exports from India Scheme (SEIS) is notified, for all SEIS applications with immediate effect.

Government establishes NCLT, Jaipur Bench at Jaipur

June 28, 2018 3849 Views 0 comment Print

Central Government hereby establishes the National Company Law Tribunal, Jaipur Bench at Jaipur and for the said purpose further amends the notification of the Ministry of Corporate Affairs number S.O. 1935 (E), dated the 1st day of June, 2016, namely:—

Grant of Commendation Certificate on the occasion of GST Day-2018

June 27, 2018 2148 Views 0 comment Print

Board has gone through the list and decided the following names for Commendation Certificates on the GST Day, 2018. You are requested to kindly inform the awardees regarding their Commendation Certificate and provide any assistance required.

Appropriate use of Country by Country (CbC) Reports- CBDT instruction

June 27, 2018 5748 Views 0 comment Print

All the CbC Reports filed in India as well as exchanged by other jurisdictions shall be primarily accessed by the Competent Authority of India (Joint Secretary, FT & TR-1 and Joint Secretary, FT & TR-11 in CBDT) and DGRA in accordance with the provisions of the treaties and the Act, 1961.

Constitute Recovery Cell for cases where recovery is not made: CBEC

June 26, 2018 5280 Views 0 comment Print

Commissionerates should constitute a Recovery Cell as laid down in the aforesaid Circular, and only those cases where recovery is not made by Departmental efforts and action needs to be taken for recovery by attachment and sale of property of the defaulter, as laid down In section 142 of the Customs Act. should be transferred to the Recovery Cell.

RBI releases June 2018 Financial Stability Report

June 26, 2018 966 Views 0 comment Print

Financial Stability Report reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from global and domestic factors. The Report also discusses issues relating to developments in and regulation of the financial sector.

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