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IGST exemption on Urea sold on high sea sale basis- Reg.

July 26, 2018 1941 Views 0 comment Print

Seeks to exempt IGST calculated on the assessable value over and above the value (Pool in Price) at which Urea is sold by Department of Fertilizers to Fertilizer Marketing Entities on high sea sale basis vide Notification No. 55/2018 —Customs, Dated:  26th July, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue), New Delhi […]

Prevention of Corruption (Amendment) Act, 2018

July 26, 2018 20964 Views 0 comment Print

Prevention of Corruption (Amendment) Act, 2018 received the assent of the President on the 26th July, 2018 and is applicable from the same date.

Short Sale (Reserve Bank) Directions, 2018

July 25, 2018 2388 Views 0 comment Print

These Directions shall be called the Short Sale (Reserve Bank) Directions, 2018 and shall supersede all directions/guidelines issued on the subject, as listed under Annex I. These Directions shall come into force with effect from July 26, 2018.

Import of pepper under Advance Authorisation Scheme by EOUs & SEZ Units exepted from MIP condition

July 25, 2018 3753 Views 0 comment Print

Import of pepper under Advance Authorisation Scheme, imports by 100% Export Oriented Units (EOUs) and units in the SEZ are ‘Free’ and are exempted from the MIP condition.

Govt amends Import Policy of Arecanut

July 25, 2018 1371 Views 0 comment Print

In supersession of Notificatoin No.35/2015-2020 dt. 17.01.2017 amends the Import Policy of Arecanut- Import of arecanut over and above CIF Rs.251/- per kilogram is free and import below CIF Rs.251/- is prohibited.

CBDT notifies Central Economic Intelligence Bureau u/s 138 of Income-tax Act

July 25, 2018 1704 Views 0 comment Print

Central Government, hereby specifies Director General, Central Economic Intelligence Bureau (CEIB), Department of Revenue, Government of India under section 138(1)(a)(ii) of the Income-tax Act, 1961 vide Notification No. 34/2018- Income Tax dated: 25th of July, 2018

Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018

July 24, 2018 522 Views 0 comment Print

Introduction: The Reserve Bank of India (RBI) issued the Repurchase Transactions (Repo) Directions in 2018, impacting the financial landscape. This article delves into the key aspects, from the issuance background to the eligible participants and accounting guidelines. Detailed Analysis: 1. Background and Issuance: The directions, released in response to the sixth Bi-monthly Monetary Policy Statement […]

CBDT Amends Format of Form No. 3CD wef 20th August, 2018

July 20, 2018 79389 Views 11 comments Print

CBDT has vide Notification No. 33/2018, Dated: July 20, 2018 Amended Income Tax Audit Form No. 3CD with effect from 20th August, 2018 to incorporate further reporting requirement related to Goods and Service Tax (GST) , Transfer pricing, Statement of Financial Transactions, Section 32AD, Income from other sources as referred to in clause (x) of […]

Notification No. 54/2018-Customs Dated 20.07.2018

July 20, 2018 2694 Views 0 comment Print

Notification No. 54/2018-Customs -Central Government, hereby makes the following further amendment in notification of No. 50/2017, dated 30th of June, 2017

Updated guidelines for companies to facilitate refund of claims by IEPF

July 19, 2018 1950 Views 0 comment Print

In supersession of the guidelines issued earlier, the revised and updated guidelines for the companies to facilitate the refund of the claims by IEPF Authority in the light of resubmission option provided in eform IEPF-5 and list of annexures to be attached in the verification report are enclosed.

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