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Plastics Banned in Maharashtra From June 23,2018- Check Whats banned

June 22, 2018 23550 Views 4 comments Print

WHEREAS, concerns about usage and disposal of plastic are diverse and include accumulation of waste in landfills, water bodies and in natural habitats, physical problems for wild animals resulting from ingestion or entanglement in plastic, the leaching of chemicals from plastic products and the potential for plastics to transfer chemicals to wildlife and humans are increasing.

20% Surcharge on liquor and Beer Sales in Rajasthan from 23.06.2018

June 22, 2018 18240 Views 1 comment Print

Rajasthan Government hereby notifies that the surcharge at the rate of twenty percent shall be levied and collected, on the amount of tax or any sum in lieu of tax payable on the sale of Foreign Liquor, Indian Made Foreign Liquor, Country Liquor and Beer sold by the dealers registered under the provisions of the Rajasthan Value Added Tax Act, 2003 (Act No. 4 of 2003), with effect from 23-06-2018.

Prohibition on import of milk / milk products from China till 23.12.2018

June 22, 2018 786 Views 0 comment Print

Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for a further period of six months, i.e., till 23.12.2018 or until further orders, whichever is earlier.

CBDT amends Place of Effective Management (PoEM) rules wef 01.04.2017

June 22, 2018 12954 Views 0 comment Print

in a case where a foreign company is said to be resident in India on account of its Place of Effective Management (hereinafter referred to as PoEM) being in India under sub-section (3) of section 6 of the Act in any previous year and such foreign company has not been resident in India in any of the previous years preceding the said previous year

DGFT enables exporters to file single DFIA application for exports made from any EDI port

June 20, 2018 843 Views 0 comment Print

Paragraph 4.29 (vi) and Para 4.29(vii) of Foreign Trade Policy 2015-20 is replaced enabling exporters to file single DFIA application for exports made from any EDI port and separate applications for export made from each non-EDI port.

DGFT permits Supply of essential commodities to Maldives during 2018-19

June 20, 2018 486 Views 0 comment Print

Export of Potatoes, Onions, Rice, Wheat Flour, Sugar, Dal and Eggs has been permitted to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period 2018-19 w.e.f. April, 2018 as per the quantities indicated in the Table at Para 1 above. The export of above items to Republic of Maldives will be exempted from any existing or future restriction / prohibition on export.

CBIC prescribes effective rate of duty on specified goods vide Notification No. 49/2018-Customs

June 20, 2018 2493 Views 0 comment Print

G.S.R. (E).- 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), the Central Government, being satisfied that it is necessary in the public interest so to do

CBIC increases tariff rate on goods in chapters 7, 8, 28, 38, 72 & 73 in First Schedule to Customs tariff Act, 1975

June 20, 2018 1212 Views 0 comment Print

Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule to the Customs tariff Act, 1975 vide Notification No. 48/2018–Customs dated 20th June, 2018.

No TDS on interest on IRFCL 54EC Capital Gains Bond

June 18, 2018 2469 Views 0 comment Print

Central Government notifies Indian Railway Finance Corporation Limited 54EC Capital Gains Bond issued by Indian Railway Finance Corporation Limited (IRFCL) vide Notification No. 27/2018-Income Tax for exemption from TDS provisions under clause (iib) of the proviso to section 193 of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) Notification No. 28/2018-Income Tax New […]

No TDS on PFC Section 54EC Capital Gains Bond

June 18, 2018 2895 Views 0 comment Print

Central Government notifies Power Finance Corporation Limited 54EC Capital Gains Bond issued by Power Finance Corporation Limited (PFC Limited) vide Notification No. 27/2018-Income Tax for exemption from TDS provisions under clause (iib) of the proviso to section 193 of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) Notification No. 27/2018-Income Tax New Delhi, […]

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