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Notifications/Circulars

Govt constitutes National Advisory Committee on AS

October 3, 2016 2236 Views 0 comment Print

Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons, to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act or the Companies Act, 2013 (18 of 2013) as the case may be

Govt notifies date of establishment of Insolvency & Bankruptcy Board of India

October 3, 2016 1321 Views 0 comment Print

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 1st October, 2016 S.O. 3110(E).-In exercise of the powers conferred by sub-section (1) and (3) of section 188 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints 01st October, 2016 as the date of establishment of Insolvency and Bankruptcy Board of […]

Reg. Exchange of Information from field officers in time barring cases

October 3, 2016 925 Views 0 comment Print

As per Central Action Plan 2016-17, EOI request in time-barring cases should be made one month before the time barring date. You are therefore requested to direct officers concerned to send all EOI requests getting time barred on 31.10.2016 and 31.12.2016 to FT &TR Division latest by 15.10.2016 and 30.11.2016 respectively.

Notification No. 57/2016-Customs dated 3rd October, 2016

October 3, 2016 3304 Views 0 comment Print

(a) in the case of Bhutan, the machinery and equipment [other than those exported under the Duty Exemption Scheme (DEEC) or Export Promotion Capital Goods Scheme (EPCG) or Duty Entitlement Passbook Scheme (DEPB)] are re-imported from Bhutan within seven years after their exportation or within such extended period, not exceeding three years, as may be allowed by the Principal Commissioner of Customs or Commissioner of Customs as the case may be, on sufficient cause being shown;

Notification No. 56/2016-Customs Dated: 3rd October, 2016

October 3, 2016 1069 Views 0 comment Print

Provided further that in the case of import of gold / silver / platinum under the scheme for ‘Export Against Supply by Nominated Agencies’, the importer executes a bond in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs, undertaking to export, either by itself or through other exporters, gold / silver / platinum jewellery or articles,

Notification No. 55/2016-Customs Dated- 3rd October, 2016

October 3, 2016 2035 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 55/2016-Customs New Delhi, the 3rd October, 2016 G.S. R. (E).-In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to […]

Notification No. 54/2016-Customs dated 3rd October, 2016

October 3, 2016 2926 Views 0 comment Print

The principal notification No. 91/2009-Customs, dated the 11th September, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 657 (E), dated the 11th September, 2009 and was last amended by notification No. 36/2016-Customs, dated the 1st June, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 569 (E), dated the 1st June, 2016.

Investments by FPIs in Government securities

October 3, 2016 823 Views 0 comment Print

a. Limit for FPIs in Central Government securities shall be revised to INR 148,000 cr on October 03, 2016 and INR 152,000 cr on January 02, 2017 respectively. b. Limit for Long Term FPIs (Sovereign Wealth Funds (SWFs), Multilateral Agencies, Endowment Funds, Insurance Funds, Pension Funds and Foreign Central Banks) in Central Government securities shall be enhanced to INR 62,000 cr and INR 68,000 cr on October 03, 2016 and January 02, 2017 respectively.

MVAT- Special Amnesty Scheme for closed units

October 2, 2016 1993 Views 0 comment Print

Special Amnesty Scheme for closed units and units which can’t be revived as per Maharashtra Industrial Policy, 2013. Trade Circular No. 29T of 2016 Dated: 29.09.2016    

Extension of time limit under Settlement Act,2016 & clarification on certain issues

October 1, 2016 1612 Views 0 comment Print

Now, the Maharashtra Ordinance No. XXIV of 2016 is promulgated on 30th September 2016. Thus for the purposes of Settlement Act time limit is extended from 30th September 2016 to 15th November 2016. All the stakeholders are requested to take note of it.

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