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Foreign banks to lend to small & marginal farmers & micro enterprises

March 1, 2018 606 Views 0 comment Print

Sub-target of 8 percent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure (CEOBE), whichever is higher, shall become applicable for the foreign banks with 20 branches and above, for lending to the small and marginal farmers from FY 2018-19.

Income Tax Notification No. 13/2018, Dated: 01.03.2018

March 1, 2018 2640 Views 0 comment Print

S.O. 910(E)—Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub­section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961)(hereinafter referred to as the Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India vide number S.O. 354(E)

Notification No. 29/2018-Customs, Dated: 01.03.2018

March 1, 2018 3564 Views 0 comment Print

Notification No. 29/2018-Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975)

CBEC increases BCD tariff rate on Chickpeas from 40% to 60%

March 1, 2018 759 Views 0 comment Print

Seeks to increase BCD tariff rate on Chickpeas, [Tariff item 0713 20 0] from 40% to 60% by invoking section 8A (1) of the Customs Tariff Act, 1975

Mandatory online EPF claim if settlement amount exceeds Rs.10 lacs

February 27, 2018 1689 Views 0 comment Print

Based on the decision taken in the meeting chaired by CPFC on 17.01.2018, I am directed to convey that in case the amount of claim settlement is above Rs.10.00 lacs for PF claims and Rs.5.00 lacs in respect of the EPS withdrawal claims, the claim form must be accepted through online mode only.

EPFO Modifies Inspection Policy in respect of defaulting establishments

February 27, 2018 4881 Views 0 comment Print

At present, for conducting inspections permission is being taken from CAIU including for the cases reflected in monthly defaulter’s lists displayed on the website by Head Office.

MCA notifies Companies (Accounts) Amendment Rules, 2018

February 27, 2018 35862 Views 0 comment Print

In exercise of the powers conferred by sub-sections (1) and (3) of section 128, sub section (3) of section 129, section 133, section 134, sub section (1) of 136 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Accounts) Rules, 2014, namely:-

Criteria for Selection of cases for Assessment under MVAT Act, 2002

February 23, 2018 4575 Views 0 comment Print

The criteria for Selection (on the basis of probable revenue earning) of the cases for Assessment Scheme-2018- This Scheme may be called the Maharashtra Criteria for Selection (on the basis of probable revenue earnings) of the cases for Assessment Scheme, 2018.

CBEC notifies BCD Rate on various goods for cellular mobile phone

February 23, 2018 1128 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs so as to prescribe effective rate of BCD on All goods [other than screw (7318 15 00) and SIM socket / Other Mechanical items (Metal) (7326 90 99) for cellular mobile phone]

Notification No. 18/2018-Central Excise Dated: 23rd February, 2018

February 23, 2018 4137 Views 0 comment Print

Seeks to clarify the applicability of the notification No. 2/2018-Central Excise dated 02nd February, 2018, that the said notification shall not apply to the goods manufactured on or before the 1st February, 2018 and cleared on or after the 2nd February, 2018.

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