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Notifications/Circulars

ICAI added 5 new cities where CPT exam will be held in June 2017

March 15, 2017 795 Views 0 comment Print

It is notified for general information that Burhanpur, Chhindwara & Rewa (in the state of Madhya Pradesh) and Bhiwandi, Ichalkaranji (in the state of Maharashtra) are added to the list of cities where the Common Proficiency Test (CPT) is scheduled to be held on 18th June, 2017

CBEC clarifies on classification of ‘Saree’ under CETA, 1985

March 15, 2017 2856 Views 0 comment Print

Whether the goods described as ‘Saree’ which has undergone further processing such as embroidery, stitching of lace and tikki etc. and stitched with two or more kinds of fabrics is classifiable as Saree under Chapter 54 or as made-ups under Chapter 63 of the Central Excise Tariff Act, 1985.

Provisional assessment on imports of Phosphoric Acid-Technical & Food Grade

March 15, 2017 837 Views 0 comment Print

Seeks to order provisional assessment on imports of Phosphoric Acid-Technical Grade and Food Grade (including Industrial Grade), originating in or exported from People’s Republic of China by M/s. Guangxi Quinzhou Capital Success Chemical Co. Ltd. (producer or exporter) into India till the finalization of New Shipper Review initiated by DGAD, vide notification No.15/5/2016 – DGAD, dated 09.02.2017

Notification No. 21/2017-Custom (N.T.), Dated: 15.03.2017

March 15, 2017 1323 Views 0 comment Print

Tariff Notification Notification No. 21/2017-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

SEBI releases updated format of draft offer letter under takeover code

March 15, 2017 1764 Views 0 comment Print

It has been decided, in consultation with market participants, to revise the time period for which information is required to be filed with SEBI, in line with the provisions relating to maintenance of records under the Companies Act, 2013. The format and instructions prescribed vide aforementioned Circular shall stand modified as given at

SEBI permits Celebrity endorsements of Mutual Funds at industry level

March 15, 2017 3006 Views 0 comment Print

SEBI decided to permit celebrity endorsements at industry level, for the purpose of increasing awareness of Mutual Funds as a financial product category.

Draft IRDA (Preparation of Financial Statements of Insurers) Regulations, 2017

March 15, 2017 3663 Views 0 comment Print

In order to address the implementation issues, the Authority had constituted the Implementation Group on Ind-AS in Insurance Sector in India. The group has submitted its report on 30th December 2016.

Existence of deposit in bank not mandatory on PMGKY payment date

March 14, 2017 7707 Views 0 comment Print

Representations received seeking clarification as to whether deposits made in bank account or cash in hand which are eligible for being declared under the PMGKY Scheme should exist on the date of filing of declaration under the Scheme.

EPF contribution exemption to Singapore citizens working in India

March 14, 2017 2550 Views 0 comment Print

Special Provision in respect of International Workers– Exemption granted under the Comprehensive Economic Cooperation Agreement between the Republic of India and the Republic of Singapore (CECA-2005) to Singapore citizens working in India from contributing to social security schemes in India – Clarification regarding.

Invitation for Free Research Proposal from CBDT & CBEC officers

March 14, 2017 1725 Views 0 comment Print

With the aim of creating capacity for research amongst the officers of the Income Tax Department and the Customs and Central Excise Department, it has been decided to introduce a scheme of free research from departmental officers.

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