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Notifications/Circulars

Salient features of revised PCA framework for banks

April 13, 2017 1302 Views 0 comment Print

The provisions of the revised PCA framework will be effective from April 1, 2017 based on the financials of the banks for the year ended March 31, 2017. The framework would be reviewed after three years.

Inclusion of “Derivatives on Equity shares” – IFSC

April 13, 2017 813 Views 0 comment Print

Clause 7 of SEBI (IFSC) Guidelines, 2015 specifies the types of securities in which dealing may be permitted by stock exchanges operating in IFSC.

Notification No. 39/2017-Customs (N.T.), Dated: 13.04.2017

April 13, 2017 2703 Views 0 comment Print

Tariff Notification No. 39/2017-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Notification No. 38/2017-Customs (N.T.), Dated: 13.04.2017

April 13, 2017 2268 Views 0 comment Print

Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.78/2014- Customs (N.T.), dated the 16th September, 2014, published vide number G.S.R. No. 655 (E), dated the 16th September, 2014, namely:-

CENVAT Credit (Second Amendment) Rules, 2017

April 13, 2017 4779 Views 0 comment Print

Seeks to amend CENVAT credit Rules, 2004 to allow the importer of the goods to take Cenvat credit on basis of the challan of payment of service tax by the said importer on the services provided by a foreign shipping line to a foreign charterer w.r.t. goods destined for India.

IRDA Circular on Point of Salesperson (POS) Database

April 13, 2017 13848 Views 1 comment Print

As you are aware the Authority has issued amendments to the Point of Salesperson (POS) guidelines on 16.03.2017. wherein an insurer or insurance intermediary proposing to engage the POS person shall ensure that the applicant is not engaged as POS with any other insurer or insurance intermediary by cross checking with the database housed in IIB.

Allocation of additional quantity for export of sugar to USA under TRQ

April 13, 2017 744 Views 0 comment Print

USDA Foreign Agriculture Service has increased the non-country specific Tariff Rate Quota (TRQ) for refined sugar to 2,02,000 MTRV (metric tons raw value) by adding another 40,000 MTRV of speciality sugar, which is available for exporters from all WTO countries for the US fiscal year 2017 (October 1, 2016 to September 30, 2017).

IRDA (Insurance Web Aggregators) Regulations, 2017

April 13, 2017 16566 Views 0 comment Print

(a) These Regulations may be called the Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017

Service Tax on Import / Export of goods by a vessel

April 13, 2017 8742 Views 0 comment Print

Seeks to amend notification No. 30/2012-ST dated 20.06.2012 so as to specify the importer as defined under clause (26) of section 2 of the Customs Act, 1962 (52 of 1962) of goods as the person liable for paying service tax in case of services provided or agreed to be provided by a person located in […]

Point of Taxation (Amendment) Rules, 2017

April 13, 2017 8445 Views 0 comment Print

Insertion of Rule 8B in Point of Taxation Rules, 2011 for Determination of point of taxation in case of services provided by a person located in non-taxable territory to a person in non-taxable territory.

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