DGFT amends Import Policy of Urea to allow free Import of Urea of industrial/non- agricultural/technical grade with Actual User Condition vide Notification No. 23/2015-2020 Dated: 27 July, 2018.
The value limit for exports through Courier service/ Post has been placed at Rs 5,00,000 and the eligibility criteria for entitlement under MEIS for courier/ post exports have been increased to Rs 5,00,000 per consignment from the earlier Rs 25,000 per consignment. The limitation on the port of exports for courier exports for the purpose of incentivisation under MEIS has been done away.
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 received the assent of the President on the 26th July, 2018 and is applicable from the same date.
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, imports by 100% Export Oriented Units (EOUs) and units in the SEZ are ‘Free’ and are exempted from the MIP condition.
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.
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
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 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 […]
