The declarant is hereby directed to make the payment of sum payable as per column (5) of the above table, as specified below:- (i) an amount not less than twenty-five per cent. of the sum payable on or before 30th day of November, 2016;
The freight forwarders may deal with the exporters as an agent of an airline/carrier/ocean liner, as one who merely acts as a sort of booking agent with no responsibility for the actual transportation. It must be noted that in such cases the freight forwarder bears no liability with respect to transportation and any legal proceedings will have to be instituted by the exporters, against the airline/carrier/ocean liner.
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 109/2016-CUSTOMS (N.T.) New Delhi, Dated: 12th August, 2016 S.O. 2707(E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being […]
Nothing contained in this rule shall apply to rupee denominated bonds issued exclusively to overseas investors in terms of A.P. (DIR Series) Circular No. 17 dated September 29, 2015 of the Reserve Bank of India
Central Board of Direct Taxes hereby extends the time for issuance of acknowledgment in Form-2 as prescribed in sub-rule (3) of rule 4 of the Rules from 15 days to 30 days in respect of the declarations filed under Income Declaration Scheme, 2016 in the month of July, 2016.
C.I.F. value of import of consumer electronic items at any one time by any person through post or otherwise for personal use is enhanced to ₹ 50,000.
The formation of a National Committee on Trade Facilitation (NCTF) is part of the mandatory, institutional arrangement of the WTO Agreement on Trade Facilitation (TFA). Article 23.2 of the TFA requires each WTO member to establish and/or maintain a NCTF or designate an existing mechanism to facilitate both domestic co-ordination and implementation of TFA. provisions.
(a) grant from Central Government; (b) grant from State Government; and (c) consent fee for permission for setting up industry in the state of Haryana.
Benami property means any property which is the subject matter of a benami transaction and also includes the proceeds from such property; (9) benami transaction means,— (A) a transaction or an arrangement—(a) where a property is transferred to, or is held by, a person, and the consideration for such property has been provided, or paid by, another person; and
A new scheme called Special Advance Authorisation Scheme for export of Articles of Apparel and Clothing Accessories of Chapter 61 & 62 of ITC(HS) Classification is introduced with effect from 1st September 2016 wherein exporters are entitled for an authorisation for fabrics including inter lining on pre-import basis, and All Industry Rate of Duty Drawback for non-fabric inputs on the exports.
