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Notifications/Circulars

Compliance with IBBI (Insolvency Professionals) (Amendment) Regulations, 2018

April 5, 2018 1320 Views 0 comment Print

In terms of the sub-regulation (2) of regulation 13 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, the recognition granted to an IPE is subject to the condition that the IPE shall at all times continue to satisfy the requirements under regulation 12.

First Bi-monthly Monetary Policy Statement, 2018-19- No Change in Repo Rate

April 5, 2018 1236 Views 0 comment Print

Monetary Policy Committee (MPC) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.

Strict action against if Movement of goods without generating e-way bill

April 4, 2018 29772 Views 2 comments Print

It may be brought to the attention of all concerned that those unauthorisedly causing movement of goods, without generating e-way bill, wherever due, will be liable for strict action from the Department. Hence, I take this opportunity to remind everyone to adhere to the e-way bill rules and generate e-way bill wherever due, while causing inter-State movement of goods.

Ensure Representation before NCLT benches: CBDT to Pr. CCITs

April 4, 2018 3831 Views 0 comment Print

For a PCCIT region where the NCLT bench is not situated in the region, the concerned PCCIT was directed to ensure representation by coordinating with the PCCIT in whose jurisdiction the NCLT bench is located. This assumes importance in view of the fact that in case of many NCLT benches, a single bench covers the territorial jurisdiction of more than one Pr.CCIT region.

Non-levy of additional duty of customs to jute importers from Nepal

April 4, 2018 792 Views 0 comment Print

Central Government on being satisfied that there was a general practice of non-levy of additional duty of customs leviable under sub-section (1) of section 3 of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as additional duty), on the Jute products

DGFT removes packaging restriction on export of Roasted Gram

April 4, 2018 1095 Views 0 comment Print

As the export of all varieties of pulses, including organic pulseare free for export, vide DGFT Notification No. 38 dated 22.11.2017, the packaging restriction imposed vide DGFT Notification No. 40 dated 15.02.2016, on export of roasted gram would no longer be applicable.

Online EODC Monitoring System for Advance/EPCG Authorisations

April 4, 2018 7785 Views 0 comment Print

Attention of all RAs, Export Promotion Councils and Advance/EPCG authorisation holders is invited to EODC monitoring system (web site) developed by DGFT, which can be accessed at http://eodc.online.

Constitution of Steering Committee on CSR

April 4, 2018 1566 Views 0 comment Print

A Committee on CSR is hereby constituted under the Chairmanship of Shri. Manmohan Juneja, RD (WR) to review the functioning of CSR enforcement & to recommend a uniform approach for its enforcement.

CBDT forms working group to examine taxation aspects of High Net Worth Individuals

April 3, 2018 1845 Views 0 comment Print

For examining the taxation aspects of High Net Worth Individuals (HNWI), a Working Group has been constituted, with the approval of Chairman, CBDT.

Mechanism to address Technical glitches on GST Portal

April 3, 2018 14493 Views 0 comment Print

It has been decided to put in place an IT-Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal and the relief that needs to be given to them. The relief could be in the nature of allowing filing of any Form or Return prescribed in law or amending any Form or Return already filed.

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