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Notifications/Circulars

Anti-dumping duty on imports of ‘Saturated Fatty Alcohols

May 25, 2018 4371 Views 0 comment Print

NOTIFICATION No. 28/2018-Customs (ADD) Seeks to impose definitive anti-dumping duty on imports of ‘Saturated Fatty Alcohols originating in, or exported from Indonesia, Malaysia and Thailand

Procedure for service of notice of Special Court on fugitive economic offenders

May 25, 2018 891 Views 0 comment Print

Govt. prescribes procedure for service of notice of Special Court on fugitive economic offenders vide Fugitive Economic Offenders (Procedure for sending Letter of Request to the Contracting State for Service of Notice and Execution of Order of the Special Court) Rules, 2018.

Karnataka notifies GST Appellate Authority for Advance Ruling

May 25, 2018 2784 Views 1 comment Print

Karnataka hereby constitutes Karnataka Appellate Authority for Advance Ruling for Goods and Services Tax consisting of – 1) The Principal Chief Commissioner, Bengaluru, GST 8v CX Zone, Bengaluru; and 2) The Commissioner of Commercial Taxes (Karnataka), Bengaluru.

Experience of CS management training & Mere uploading of ROC Returns cannot be considered as experience in management: IBBI

May 25, 2018 1167 Views 0 comment Print

(applicant) and a professional member of the ICSI Institute of Insolvency Professionals (ICSI IIP) submitted an application under regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (IP Regulations) seeking a certificate of registration as an Insolvency Professional (IP). The application carried the recommendation of ICSI IIP for registration of the applicant as an IP.

EPFO declares interest Rate on EPF for the year 2017-18

May 25, 2018 3822 Views 1 comment Print

The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under Para 60(1) of Employees’ Provident Funds Scheme, 1952 to credit interest @ 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952.

No Tax on issue of share capital by eligible start-ups at excess premium: CBDT

May 24, 2018 9894 Views 1 comment Print

Central Government, hereby notifies that the provisions of clause (viib) of sub-section (2) of section 56 of the said Act shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares, if the consideration has been received for issue of shares from an investor in accordance with the approval granted by the Inter-Ministerial Board of Certification

Early hearing should be granted by ITAT Bench: Delhi HC

May 24, 2018 2022 Views 0 comment Print

Hon’ble Delhi High Court, vide order dated 4th May, 2018 In the case of Dr. Prannoy Roy in W.P.(C) 4742/2018 &CM Appl. 18248-18249/2018 and Another, has held that early hearing should be granted by the Bench of the ITAT instead of the usual practice of granting early hearing by the administrative head at the respective station.

Revised foreign exchange earning criteria to be eligible for Duty Credit Scrip

May 24, 2018 1092 Views 0 comment Print

Such service provider should have minimum net free foreign exchange earnings of US$15,000 in year of rendering service to be eligible for Duty Credit Scrip. For Individual Service Providers and sole proprietorship, such minimum net free foreign exchange earnings criteria would be US$10,000 in year of rendering service.

CBIC notifies Customs Audit Regulations, 2018

May 24, 2018 5343 Views 0 comment Print

(1) These regulations may be called the Customs Audit Regulations, 2018. The selection of auditee or the selection of import declarations or export declarations, as the case may be, for the purposes of audit shall primarily be based on risk evaluation through appropriate selectivity criteria.

Notification No. 44/2018-Customs (N.T.), Dated: 24.05.2018

May 24, 2018 3381 Views 0 comment Print

Notification No. 44/2018-Customs (N.T.) In exercise of the powers conferred by clause (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 40/2012-Customs (N.T.), dated the 2nd May, 2012

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