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Notifications/Circulars

CBEC increases import duty on all types of sugar to 100%

February 6, 2018 1107 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975)

Check Shipping Bill transmission status on ICEGATE / DGFT websites

February 6, 2018 62334 Views 0 comment Print

It has come to notice of this Directorate that when exporters login into DGFT System for MEIS application, sometimes Shipping Bill data is not found available in DGFT System. It takes considerable time to get the SB data available in DGFT System and, therefore, availing of FTP benefits, like MEIS, by exporter is delayed.

Compliance of Labour Laws relating to Contract Labour hired by Railways

February 6, 2018 2100 Views 0 comment Print

In this regard, a letter is being issued to all General Manager of Indian Railways (all Zones), Kolkata Metro Corporation, Director General, RDSO and Chairman & Managing Director, IRCTC for ensuring compliance in respect of contract workers being Principal Employers.

Corrigendum to Order of constitution of Insolvency Law Committee

February 6, 2018 651 Views 0 comment Print

Ministry of Corporate Affairs vide its order dated 16.11.2017 constituted Insolvency Law Committee to examine the suggestions received and related matters regarding provisions of Insolvency and Bankruptcy Code, 2016.

LUT for exports would be accepted by Customs or GST officials?

February 6, 2018 5628 Views 0 comment Print

A few field offices have requested clarification as to whether LUT for exports would be accepted by Customs or GST officials. It is clarified that LUT would have to be accepted by GST officials.

AS 22 or Ind AS 12 not applicable to Government Company: MCA

February 5, 2018 10467 Views 1 comment Print

Provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability shall not apply, for seven years with effect from the 1st April, 2017, to a Government company which:—

J&K Govt. notifies Reimbursement of Taxes for promotion of industries

February 5, 2018 2397 Views 1 comment Print

State of Jammu and Kashmir hereby notifies the following scheme for providing budgetary support to the manufacturing units in the shape of reimbursement of State Taxes paid under Jammu and Kashmir Goods and Services Tax Act, 2017.

AMCs to prominently disclose TER of all scheme on daily basis: SEBI

February 5, 2018 1248 Views 0 comment Print

t is observed that there are frequent changes carried out in Total Expense Ratio (TER) and such changes are not prominently disclosed to investors. In order to bring uniformity in disclosure of actual TER charged to mutual fund schemes and to enable the investor to take informed decision, the following has been decided:

Amendment in import policy condition of pepper

February 5, 2018 1026 Views 0 comment Print

Import policy of Light black pepper classified under EXIM Code 0904 11 20 under Advance Authorization Scheme is laid down, in partial modification of the Notification No. 42 /2015-20 dated 6th December, 2017.

Updation in Para 4 (A) of General Notes Regarding Import Policy of ITC (HS), 2017, Schedule – I (Import Policy)

February 5, 2018 1377 Views 0 comment Print

Consequent to modification in Section 3(2) of the Food Safety & Standards (Import) Regulation, 2017, Para 4 (A) of General N tes Regarding Import Policy of ITC (HS), 2017, Schedule — I (Import Policy) stands update

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