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Amendments in SION of Product group: Food products -reg.

November 2, 2016 2503 Views 0 comment Print

Various amendments have been carried out in the Standard Input Output Norms (SION) of Product group: Food products vide Public Notice No. 41/2015-2020

CBEC notifies importers who can pay deferred payment of import duty

November 2, 2016 6895 Views 0 comment Print

Central Government permits the following class of importers to make deferred payment of import duty: (i) Importers certified under Authorized Economic Operator programme as AEO (Tier-Two) and AEO (Tier-Three)

Dispensation of Rs.100 denomination banknotes through exclusive ATMs

November 2, 2016 2119 Views 0 comment Print

In keeping with the objectives of Clean Note Policy and to ensure that genuine requirement of members of public for Rs. 100 denomination banknotes are met, the banks should increase dispensation of Rs. 100 banknotes through ATMs which are widely used for distribution of banknotes for retail use.

Deferred Payment of Import Duty Rules, 2016

November 2, 2016 18256 Views 0 comment Print

Central Government vide Notification No. 134/2016-Customs (NT), Dated: November 2, 2016 notified Deferred Payment of Import Duty Rules, 2016 to be effective from 16th November 2016. These rules apply to eligible importers i.e. class or classes of importers as specified by Central Government who shall pay such duty electronically. The due dates for payment of […]

7 top priorities of CBDT Chairman/ Income Tax Department

November 1, 2016 3658 Views 4 comments Print

These priorities are as under: 1. Maximising revenue collection 2. Delivering quality tax payer services 3. Promoting digital tax administration and transparency 4. Widening of tax base

Govt notifies more Sections under Bankruptcy Code

November 1, 2016 1066 Views 0 comment Print

S.O. 3355(E). Central Government hereby appoints the 1st November, 2016 as the date on which some provisions of Insolvency and Bankruptcy Code, 2016 shall come into force

Circular on Enhanced Standards for Credit Rating Agencies

November 1, 2016 2518 Views 0 comment Print

Circular covers following- 1. Formulation of Rating Criteria and rating processes and public disclosure of the same.2. Accountability of Rating Analysts

Exit Order In Respect Of Bombay Commodity Exchange Limited

November 1, 2016 730 Views 0 comment Print

Whole Time Member, SEBI has passed an Order on Oct 28, 2016 providing the exit to Bombay Commodity Exchange Limited (BCEL). BCEL is the first commodity derivatives exchange / deemed stock exchange to exit after merger of Forward Markets Commission with SEBI.

EPFO to facilitate payment of PF & Pension on retirement date

November 1, 2016 5209 Views 0 comment Print

It has been decided that PF and pension payments to members or EPF Scheme 1952 and EPS 1995 are made on the date of retirement Itself

All Industry Rates of Drawback & related changes -reg

October 31, 2016 3232 Views 0 comment Print

(a) AIRs have been provided to certain worked articles under chapters 45, 46 and 68; (b) Certain products, earlier with all customs AIRs, have been provided composite rates. These include rubber parts (for automobile or other machinery) of chapter 40 and children’s picture, drawing/colouring books, etc. of chapter 49;

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