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SOP for Processing of Bonds and Bank Guarantees in BBM

October 6, 2017 4008 Views 0 comment Print

A new Bond & Bank Guarantee Module (BBM) is being introduced with effect from 10.10.2017 for monitoring & management of Bonds & Bank Guarantees (BGs) required to be furnished by importers / exporters / any other person in compliance to various provisions of Customs Act, 1962. The following Standard Operating Procedure (SOP) is hereby prescribed for Departmental Officers for dealing with such Bonds & BGs in the newly launched BBM Module for effective monitoring of Bonds & BGs.

Rate of exchange of conversion of foreign currency WEF 06.10.2017

October 5, 2017 999 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise and Customs No. 90/2017-CUSTOMS (N.T.), dated 21st September, 2017, except as respects things done or omitted to be done before such super session, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion

IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Second Amendment) Regulations, 2017

October 5, 2017 1359 Views 0 comment Print

No. IBBI/2017-18/GN/REG017 These regulations may be called the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2017.

IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2017

October 5, 2017 1557 Views 0 comment Print

No. IBBI/2017-18/GN/REG018 These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2017.

Govt appoints Counsels to handle Indirect Tax litigation before various HCs

October 5, 2017 3372 Views 0 comment Print

The President of India is please to appoint a fresh panel of Sr. /Jr. Standing Counsels of CBEC to handle litigation of Indirect Taxes before various High Courts and other fora

CBDT: Sitting fee for attending meeting of National Committee increased to Rs. 6000 per day

October 5, 2017 1374 Views 0 comment Print

Sitting fee of Rs. 6000 per day for attending a meeting of the National Committee or any Subordinate Committee set up by the Chairman of the National Committee. However, sitting fee would not be payable where applications are considered by circulation or when a member is on tour.

EPF: FAQs on Inspection Policy under EPF & MP Act, 1952

October 5, 2017 10893 Views 0 comment Print

Please find enclosed herewith the Frequently Asked Questions (FAQs) on Inspection Policy and answer prepared on the direction of Central Information Commission for uploading the same on the official website.

SEBI: Kotak Committee report on Corporate Governance

October 5, 2017 1275 Views 0 comment Print

SEBI formed a Committee on Corporate Governance in June 2017 under the Chairmanship of Mr. Uday Kotak with a view to enhancing the standards of corporate governance of listed entities in India. The committee consisted of officials from the government, industry, professional bodies, stock exchanges, academicians, lawyers, proxy advisors, etc. The committee was requested to submit its report within four months.

Aadhaar mandatory for Scheme for Promoting Usage of Agrotextiles in North East Region

October 5, 2017 801 Views 0 comment Print

Ministry through the Implementing Agencies, releases central share of subsidy as well as provides ready-made agrotextile kits (hereinafter referred to as the benefits), to the Agrotextile farmers (hereinafter referred to as the beneficiaries);

Scheme of budgetary support under GST Regime

October 5, 2017 24246 Views 1 comment Print

In pursuance of the decision of the Government of India to provide budgetary support to the existing eligible manufacturing units operating in the States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim under different Industrial Promotion Schemes of the Government of India, for a residual period for which each of the units is eligible, a new scheme is being introduced.

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