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Stick to timelines with respect to GST refunds in relation to zero-rated supply: CBEC

January 19, 2018 1884 Views 0 comment Print

Need to ensure that the refund sanctioning authorities under your jurisdiction stick to the timelines stipulated under law, especially with respect to refunds in relation to zero-rated supply of goods or services.

Sec. 10(46) CBDT notifies ‘Central Registry for Securitization Asset Reconstruction and Security Interest of India’

January 18, 2018 1353 Views 0 comment Print

Central Government hereby notifies for the purposes of section 10(46) the Central Registry for Securitization Asset Reconstruction and Security Interest of India, a body set up under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, in respect of the following specified income arising to that body, namely:—

Amendment in policy condition No. 3 of Chapter 72 of ITC (HS), 2017 — Schedule —I (Import Policy)

January 18, 2018 1254 Views 0 comment Print

Import of seconds/defectives of steel items as mentioned at Sl. No. 1 to 7 of Policy Condition No.2 of Chapter 72 of ITC (HS), 2017, Schedule-I (Import Policy), shall be allowed also through Nhava Sheva (JNPT) and at ICD-Tughlakabad, New Delhi, besides the existing Customs sea port at Mumbai, Chennai and Kolkata.

Temporary Import of Professional Equipment and Sports Goods under A.T.A. Carnet

January 18, 2018 1308 Views 0 comment Print

The said goods are imported under a Carnet guaranteed by the Federation of Indian Chamber of Commerce and Industry in India (hereinafter referred to as FICCI), as per provisions of the Customs Convention on the A.T.A. carnet for Temporary Admission of Goods (A.T.A. Convention) done at Brussels on 8th June 1961;

Notification No. 2/2018-Income Tax, Dated: 18.01.2018

January 18, 2018 3459 Views 0 comment Print

S.O. 282(E).—In exercise of the powers conferred by clause (39) of the section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the notification of the Government of India, Ministry of Finance

Sec. 10(46) CBDT notifies ‘West Bengal Electricity Regulatory Commission, Kolkata’

January 18, 2018 660 Views 0 comment Print

Central Government hereby notifies for purposes Section 10(46) ‘West Bengal Electricity Regulatory Commission’, Kolkata, a commission constituted by the Government of West Bengal, in respect of the following specified income arising to that commission, namely:—

MCA appoints Amardeep Singh Bhatia as Director in SFIO on lateral shift basis

January 16, 2018 1821 Views 0 comment Print

Central Government hereby appoints Shri Amardeep Singh Bhatia, IAS (NL : 93) as Director in the Serious Fraud Investigation Office, on lateral shift basis, with effect from the 08th January, 2018

IRDA (Insurance Brokers) Regulations, 2018

January 12, 2018 29589 Views 1 comment Print

(1) These regulations may be called the Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018. (2) These regulations shall come into force on the date of their publication in the Official Gazette and supersede Insurance Regulatory and Development Authority (Insurance Brokers) Regulations, 2013 with effect from such date.

Dhamra and Dighi Ports included in list of ports mentioned in Export Promotion (EP) Schemes Notifications

January 12, 2018 804 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue),

IRDAI (Obligatory Cession), Notification, 2018

January 9, 2018 4041 Views 0 comment Print

Central Government, hereby makes following notification namely: Obligatory Cession. This notification shall be applicable to Indian Re insurers and other applicable insurers as per the provision of Section 101A of Insurance Act, 1938.

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