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Notifications/Circulars

Delhi Value Added Tax (Amendment) Act, 2016

July 5, 2016 4630 Views 0 comment Print

Notwithstanding anything contained in this Act to the contrary, the Government may by notification specify the goods on which a person shall pay tax in advance at the rates notified by the Government but not exceeding the rates applicable on such goods under this Act, when he imports such goods into the National Capital Territory of Delhi from a place outside India,

No Anti-dumping duty on Expanded Polypropylene beads & ter-polymer

July 5, 2016 1576 Views 0 comment Print

Seeks to amend notification No. 7/2016-Customs (ADD) dated 08.03.2016 so as to exclude Expanded Polypropylene beads and ter-polymer from the description of goods attracting anti-dumping duty GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 29/2016-Customs (ADD) New Delhi, the 5th July, 2016 G.S.R. (E).-In exercise of the powers conferred by sub-section (1) […]

Anti-dumping duty on Purified Terephthalic Acid including MTA & QTA

July 5, 2016 1780 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on Purified Terephthalic Acid including its variants Medium Quality Terephthalic Acid (MTA) and Qualified Terephthalic Acid (QTA), originating in or exported from China PR, Iran, Indonesia, Malaysia and Taiwan, for a period of five years from the date of imposition of provisional anti-dumping duty GOVERNMENT OF INDIA MINISTRY OF […]

Revised Formats for Financial Results & Ind-AS Implementation by Listed Entities

July 5, 2016 10717 Views 0 comment Print

The existing formats prescribed in SEBI Circular dated November 30, 2015 for Unaudited/Audited quarterly financial results i.e. Statement of Profit and Loss and the Unaudited/Audited Half-Yearly Balance Sheet to be submitted by the listed entities, with the stock exchanges, shall continue till the period ending December 31, 2016.

Master Direction on Risk Management & Inter-Bank Dealings

July 5, 2016 7300 Views 0 comment Print

All of the above govern the Foreign Exchange Derivative Contracts, Overseas Commodity & Freight Hedging, Rupee Accounts of Non-Resident Banks and Inter-Bank Foreign Exchange Dealings etc. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.

Notification No. 95/2016-Customs (N.T.) dated 05th July, 2016

July 5, 2016 1369 Views 0 comment Print

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Gold and Sliver – 95/2016 -Customs (N. T.) Dated 5-7-2016

Recovery of confirmed demands during stay application pendency -reg

July 4, 2016 6448 Views 0 comment Print

Earlier the Central Government vide Circular No. 967/1/2013-CX dated 01.01.2013 provided clarification on the issue of recovery of confirmed demands during the pendency of stay application filed by the assessee. However, Hon’ble High Court of Punjab and Haryana judgment in case of M/s PML Industries Ltd. Vs Commissioner of Central Excise – 2013-TIOL-201-HC-P&H-CX pronounced that […]

TDS on interest paid by IFSC Banking Units : CBDT Clarifies

July 4, 2016 8926 Views 0 comment Print

It is observed that IBUs are branches of Indian Banks or Foreign Banks having presence in India, which are established in accordance with the RBI Scheme dated 1.4.2015, in the International Finance Service Centers that are set up in within the Special Economic Zones, as per Section 18 of the Special Economic Zone Act, 2005. Thus, the IBUs fulfil the necessary criteria for being considered Offshore Banking Units as defined in clause (u) of section 2 of the Special Economic Zones Act, 2005.

Reg. supply of exempted bunker fuel to Indian Vessels from warehouse

July 4, 2016 1087 Views 0 comment Print

Amendment of notification no. 17/2004-CE (NT) dated 04.09.2004 for supply of exempted bunker fuel to the specified Indian Ships / Vessels from the warehouse

Reg. Monthly Meeting to address grievances under FCRA, 2010

July 4, 2016 1459 Views 0 comment Print

In continuation to this Ministry’s circular dated 18.06.2015, it is being informed to all concerned that from July onwards the monthly meeting will be held on last Monday of every month from 3 p.m to 5 p.m. The associations who are desirous of attending monthly meeting may email their request at dirfcra-mha@gov.in.

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