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Notifications/Circulars

IGST on repair cost, insurance & freight, on goods re-imported

July 19, 2021 2154 Views 0 comment Print

Clarification regarding applicability of IGST on repair cost, insurance and freight, on goods re-imported after being exported for repairs, on the recommendations of the GST Council made in its 43rd meeting

Weekly newsletter from Chairman, CBIC dated 19/06/2021

July 19, 2021 2073 Views 0 comment Print

It is said that in any organisation quality is everyone’s responsibility. It is very satisfying when an independent assessor assesses the quality of our collective work and the results show a very high degree of compliance to benchmarks.

FSSAI direction regarding food category for registration/licensing of FBOs manufacturing Indian sweets & snacks

July 19, 2021 7248 Views 1 comment Print

FSSAI issues direction concerning the assignment of food product category 18 for registration/licensing of FBOs manufacturing Indian sweets and snacks The Food Safety and Standards Authority of India has undergone numerous representations from industry associations concerning hardships being faced by several small and medium scale manufacturers/packers of Indian sweets and snacks and savouries products due […]

Govt notifies jurisdiction for Competent Authorities under Benami Act

July 19, 2021 3288 Views 0 comment Print

Central Government allocates jurisdiction among Competent Authorities authorized under section 5(1) of Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 for the purpose of section 7 of the Prohibition of Benami Property Transactions Act 1988 MINISTRY OF FINANCE (Department of Revenue) (COMPETENT AUTHORITY CELL) New Delhi Notification No.02 of 2021 |  Dated: 19th […]

Notification No. 37/2021-Customs – Clarifying leviability of IGST

July 19, 2021 2778 Views 0 comment Print

Seeks to amend notification No. 46/2017-Customs dated 30th June, 2017, to clarify leviability of IGST, on recommendation of the GST Council vide Notification No. 37/2021-Customs | Dated: 19th July, 2021. Following clause (d) inserted in Notifications No. 45 & 46 –Customs (d) on the recommendation of the GST Council, for removal of doubt, it is […]

Notification No. 36/2021-Customs – Clarifying leviability of IGST

July 19, 2021 3546 Views 0 comment Print

Seeks to amend notification No. 45/2017-Customs dated 30th June, 2017, to clarify leviability of IGST, on recommendation of the GST Council vide Notification No. 36/2021-Customs | Dated: 19th July, 2021. Following clause (d) inserted in Notifications No. 45 & 46 –Customs (d) on the recommendation of the GST Council, for removal of doubt, it is […]

Failure to Maintain Complete Minutes of General Meeting: MCA imposes Penalty

July 19, 2021 567 Views 0 comment Print

Under Section 454, Companies Act, 2013, MCA penalizes Desatan Iron & Steel Private Limited for incomplete meeting minutes. Learn about the case and implications.

Date extended for Mandatory electronic filing of Non-Preferential CoO

July 19, 2021 768 Views 0 comment Print

Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 01st Oct 2021 Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Dated: 19.07.2021 Udyog Bhawan, New Delhi Trade Notice No. 10/2021-2022 To, 1. All Exporters/Members of Trade 2. […]

Block Mechanism in demat account of clients undertaking sale transactions

July 16, 2021 3858 Views 0 comment Print

If securities for sale are blocked in the depository system in favour of clearing corporation, all margin would deemed to have been collected and penalty for short/non collection of margin including other margins shall not arise. The facility of block mechanism shall be available to the clients from August 01, 2021.

DGFT invites suggestions on New Foreign Trade Policy (2021-26)

July 16, 2021 924 Views 0 comment Print

In order to prepare a new five year Foreign Trade Policy, suggestions/inputs are invited from various stakeholders for New Foreign Trade Policy (2021-26)

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