Govt notifies Central Goods and Services Tax (Amendment) Act, 2018 to notify amendments in Central Goods and Services Tax Act, 2017.
CBDT vide Notification No. 42/2018 Notifies Income Tax Rule 11UAB Determination of fair market value for inventory and amended Rule 11U related to Meaning of expressions used in determination of fair market value.
Import of Peas classified under Exim Code 0713 10 00 (including Yellow peas, Green peas, Dun peas and Kaspa peas) is Restricted till 30.09.2018 vide Notification No. 32/2015-2020, Dated 30 August, 2018
CBDT notifies ‘The Press Trust of India Limited’ as news agency for the purpose exemption under section Section 10(22B) of Income Tax Act, 1961 vide Notification No. 41/2018 dated 30th August, 2018
(i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018. (ii) They shall come into force with effect from the 1st day of September, 2018.
S.O. (E): In pursuance of the Order dated 28th June, 2018 of the Honble High Court of Judicature at Madras in W.P. Nos 15921 to 15924 of 2018 and W.M.P Nos. 18916, 18917, 18919, 18920, 18922, 18923, 18925 and 18926 of 2018 and in compliance with the directions dated 24th of August, 2018 in WP No.21083 & 21084 of 2018 filed by M/s AMRR Maharaja Dhall Mill the Notification No 15 dated 02.07.2018 extending the restriction on import of Peas classified under Exim Code 0713 10 00 (including Yellow peas, Green peas, Dun peas and Kaspa peas) till 30.09.2018, is withdrawn.
S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby notifies amendment to the Notification No.25/2015-2020 dated 17th August, 2018 vide which import policy of Petcoke under HS codes 2713 11 00, 2713 12 00, 2713 20 00 and 2713 90 00 were “Prohibited”.
Central Government hereby amends the export policy of biofuels under Chapter 27 of ITC (HS), 2018, Schedule – 2 (Export Policy). Export Policy of bio-fuels is revised from ‘Free’ to ‘Restricted’ as per the National Policy on Biofuels – 2018. Notification No. 29 /2015-2020 Dated 28 August, 2018 Government of India Ministry of Commerce & Industry […]
The limit of Rs One Crore per year for exports on free of cost exports basis for export promotion for Status Holders is removed and is made 2% of average annual export realization during preceding three licensing years with immediate effect vide Notification No: 28/2015-2020 Dated: 27 August, 2018
Notification No. 40/2018 – CBDT notifies M/s C.B.C.I. Society for Medical Education, Bengaluru or under section 35(1)(ii)/(iii) of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules, 1962, from Assessment year 2018-2019 onwards in the category of ‘University, College or other Institution’, engaged in research activities. Government of […]
