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NBFC-Systemically Important Non-Deposit & Deposit taking Company (Reserve Bank) Directions 2016

September 1, 2016 2746 Views 0 comment Print

Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016- Updated as on February 17, 2020

Rate of exchange of conversion of foreign currency WEF 02.09.2016

September 1, 2016 1774 Views 0 comment Print

CBEC determines that the rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, shall, with effect from 02nd September, 2016,

Govt notifies Technical Advisory Committee under Child Labour Prohibition Law

September 1, 2016 1249 Views 0 comment Print

In exercise of the powers conferred by section 5 of the Child Labour (Prohibition and Regulation) Act, 1986 (61 of 1986) read with rule 3 of the Child Labour (Prohibition and Regulation) Rules, 1988, the Central Government hereby constitutes an advisory committee to be called the Technical Advisory Committee consisting of the

Govt notifies draft Proposal to revise minimum rates of wages

September 1, 2016 2293 Views 0 comment Print

Central Government after consulting the Advisory Board hereby makes a draft proposal to revise the rates of wages as specified in the Table as mentioned hereinafter in the draft proposal for fixing the minimum piece-rate wages and minimum guaranteed time-rate wages per day for employee engaged in the stone mines in the whole of India

Sunset Review of Anti-dumping Duty on imports of Para Nitro Aniline from China

September 1, 2016 964 Views 0 comment Print

The product under consideration in the present investigation is Para Nitro Aniline. Para nitro aniline is classified under Customs sub heading No 29214226 under chapter 29 of the Customs Tariff Act, 1975. However, customs classification is indicative in nature and not binding on the scope of the investigation.

Streamlining Process of NOC & PCC in case of Foreign Shipping Companies

August 31, 2016 1939 Views 0 comment Print

The Central Board of Direct Taxes has issued a Circular bearing number 30/2016 on 26th August, 2016 for the purpose of streamlining the process of issue of No Objection Certificate (NOC), Port Clearance Certificate (PCC), Voyage Return and Voyage Assessment in case of Foreign Shipping Companies (FSCs).

Closure of financial accounts under alternative procedure of FATCA

August 31, 2016 2290 Views 0 comment Print

Stakeholders have highlighted several difficulties in following the provision for closure of financial accounts. In view of the same, India and the United States are discussing the alternative procedures under paragraph G of Section VI of Annex I with a view towards adjusting them to permit a few month extension of time for completing the due diligence and not requiring account closure within one year of entry into force of the agreement (i.e., August 31, 2016).

Single Window Implementation of Risk based selectivity criteria for consignment clearance

August 31, 2016 1642 Views 0 comment Print

In consultation with the PGAs, risk-based selectivity criteria are being introduced into the Risk Management System(RMS), whereby consignments will be referred to PGA(s) for NOC based on risk. Thus, for low-risk consignments, the required NOC by the PGA will be waived.

Single Window clearance of food consignments by Customs officers

August 31, 2016 1012 Views 0 comment Print

In SWIFT, the system automatically refers food-related consignments to the Food Safety & Standards Authority of India (FSSAI) through an EDI linkage established between ICEGATE and the Food Import Clearance System (FICS) operated by FSSAI. This automatic reference of food consignments is done in respect of food imports to those locations where FSSAI has its offices.

CBDT Extends due date for quarterly furnishing of Form 15G/155H

August 31, 2016 15682 Views 0 comment Print

Representations have been received with the request for extension of due date for uploading of Form 15G/15H received during the period 31.12.2015 to 31.03.2016 and also to extend the due date for uploading of Form 15G/15H received during the period from 1.4.2016 onwards.

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