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Additional quota of 2 lakh MT for import of Rough Marble & Travertine Blocks

June 21, 2016 574 Views 0 comment Print

Additional quota of 25% (of the quota released last year) of Rough Marble and Travertine Blocks have been allowed to authorisation holders as an interim measure to be imported by 30th September, 2016.

Notification No. 40/2016-Customs, dated 21st June, 2016

June 21, 2016 3172 Views 0 comment Print

Seeks to further amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 30.06.2016. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 40/2016-Customs New Delhi, dated the 21st June, 2016 […]

Togo & Chad in list of countries eligible for preferential tariff

June 21, 2016 697 Views 0 comment Print

after serial number 31 and the entries relating thereto, the following serial numbers and entries shall be added

Order regarding Lokpal Act for FCRA registered associations

June 20, 2016 1156 Views 0 comment Print

Central Government hereby notifies that competent authority in relation to public servants referred in clause (h) of sub- section (1) of section 14 of the said Act, shall be the Minister-in-charge of the Ministry of Home Affairs.

FATCA Rules for registration, due diligence & information maintenance

June 20, 2016 4024 Views 0 comment Print

Central Government with respect to registration of persons, due diligence and maintenance of information, and the Central Board of Direct Taxes for matters relating to statement of reportable accounts, hereby make the following rules further to amend the Income-tax Rules, 1962, namely:-

Reg. Exemption from DGFT licence to operate air transport services

June 20, 2016 829 Views 0 comment Print

Policy condition 1 (e) of Chapter 88 of ITC (HS), 2012 is being revised to indicate exemption from DGFT licence for persons who have been granted permission to operate air transport services by Ministry of Civil Aviation and thereon DGCA has granted permission to import aircraft on that basis.

1% Lesser Interest on Premature closure of PPF Account

June 18, 2016 4729 Views 0 comment Print

3(C) A subscriber shall be allowed premature closure of his account or the account of a minor of whom he is a guardian, on a written application to the Accounts Office, on any of the following grounds, namely, (i) that the amount is required for the treatment of serious ailments or life threatening diseases of the account holder, spouse or dependent children or parents, on production of supporting documents from competent medical authority.

No TDS on payment to payment systems company authorised by RBI

June 17, 2016 7261 Views 1 comment Print

Notification No. 47/2016 No TDS deduction shall be made on payments of nature specified below, in case such payment is made by a person to a bank listed in the Second Schedule to Reserve Bank of India Act, 1934, excluding a foreign bank, or to any payment systems company authorised by RBI U/s. 4(2) of Payment and Settlement Systems Act, 2007,

No TDS on S. 10(23DA) payment received by securitisation trust

June 17, 2016 8971 Views 0 comment Print

Notification No. 46/2016-Income Tax- No TDS on payments of nature specified in clause (23DA) of section 10 of Income Tax Act received by any securitisation trust as defined in clause (d) of Explanation to section 115TC

Notification No. 38/2016-Customs Dated:17.06.2016

June 17, 2016 4408 Views 0 comment Print

G.S.R. 611(E).- 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 further amendment in the notification of the Government of India, in the Ministry of Finance

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