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Notifications/Circulars

Applicability of IGST/GST on goods transferred/sold while being deposited in a warehouse

November 28, 2017 3378 Views 0 comment Print

The Central Board of Excise & Customs ICBECI has issued Circular No. 46/2017-Customs dated 24.11.2017 on the applicability of IGST / GST on goods transferred / sold while being deposited in a warehouse. The gist of the clarification is as under.

Facility of transfer of shares to IEPF Authority demat account with CDSL

November 28, 2017 1194 Views 0 comment Print

Attention of Issuers/RTAs is invited to NSDL Circular No. NSDL/CIR/II/21/2017 dated November 24, 2017 regarding transfer of shares to IEPF Authority. In this context, Issuers/R&T Agents are hereby informed that the facility of transfer of shares being transferred

Notification No. 111/2017-Customs (N.T.), Dated: 28.11.2017

November 28, 2017 1317 Views 0 comment Print

Notification No. 111/2017-Customs (N.T.) CBEC hereby appoints officer mentioned in column 5 of the Table below to exercise the powers and discharge duties conferred or imposed on officers mentioned in column (4) of the Table in respect of Noticees mentioned in column (2) of the Table, for purpose of adjudication of show cause notice mentioned in column No (3) therein, namely:-

Provisions of rule 2 of MGST (Sixth) Amendment) Rules, 2017

November 28, 2017 1029 Views 0 comment Print

Government of Maharashtra, hereby appoints the 1st day of July, 2017, as the date on which the provisions of sub-rule (i), (ii), (iii), (iv), (v), (vi) and (vii) of rule 2 of the Maharashtra Goods and Services Tax (Sixth Amendment) Rules, 2017, shall come into force.

Govt appoints Shri B.N. Sharma as Chairman of NAA under GST

November 28, 2017 1425 Views 0 comment Print

In an immediate follow up action of last week’s Cabinet approval for creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority under GST, the Government today issued orders appointing senior IAS officer Shri B.N. Sharma, as the first Chairman of this apex Authority in the rank of Secretary to Government of India.

Constitution of Fifteenth Finance Commission Notified

November 27, 2017 1545 Views 0 comment Print

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27th November, 2017.

Budgetary support under GST to unit enjoying Excise exemption prior to 01.07.2017

November 27, 2017 10800 Views 0 comment Print

Procedure for manual disbursal of budgetary support under Goods and Service Tax Regime to the units located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim.

Guideline for Drawing of samples for grant of drawback

November 27, 2017 1980 Views 0 comment Print

Since drawback payment is subject to finalisation of case after receipt of test report of samples, monitoring on regular basis at senior level should be undertaken so that samples are drawn only where necessary and the cases are closed in a timely manner and not later than thirty days from date of let export. Customs may draw samples in case of any specific intelligence or doubt of misuse, fraud, etc.

CBEC amends Notification No. 56/2000-Customs, dated 5th May, 2000

November 27, 2017 5070 Views 0 comment Print

Notification No. 90/2017-Customs CBEC hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 56/2000-Customs, dated the 5th May, 2000, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 399 (E), dated the 5th May, 2000, namely:-

Prohibition on export of Red Sanders wood in log form relaxed

November 27, 2017 1143 Views 0 comment Print

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 186.588 MTs of Red Sanders wood, in log form, through State Government of Karnataka.

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