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Notification No. 56/2016-Customs Dated: 3rd October, 2016

October 3, 2016 919 Views 0 comment Print

Provided further that in the case of import of gold / silver / platinum under the scheme for ‘Export Against Supply by Nominated Agencies’, the importer executes a bond in such form and for such sum as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs, undertaking to export, either by itself or through other exporters, gold / silver / platinum jewellery or articles,

Notification No. 55/2016-Customs Dated- 3rd October, 2016

October 3, 2016 1822 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 55/2016-Customs New Delhi, the 3rd October, 2016 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), the Central Government being satisfied that it is necessary in the public interest so to […]

Notification No. 54/2016-Customs dated 3rd October, 2016

October 3, 2016 2632 Views 0 comment Print

The principal notification No. 91/2009-Customs, dated the 11th September, 2009 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 657 (E), dated the 11th September, 2009 and was last amended by notification No. 36/2016-Customs, dated the 1st June, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 569 (E), dated the 1st June, 2016.

Companies (Incorporation) fourth Amendment Rules, 2016

October 1, 2016 15397 Views 1 comment Print

Subject to the provision of sub-rule (1), for effecting the conversion of a public company into a private company, a copy of order of the Tribunal approving the alteration, shall be filed with the Registrar in Form No. INC-27 with fee together with the printed copy of altered articles within fifteen days from the date of receipt of the order from the Tribunal

MVAT Settlement of Arrears in Disputes Act due date extended to 15.11.2016

October 1, 2016 1630 Views 0 comment Print

Notification to amend the Section 2,4 and 5 of MVAT Settlement of Arrears in Dispute Act 2016 to substitute 30th September 2016 by 15th November 2016

Service Tax Exemption on transportation to educational institutions

September 30, 2016 6577 Views 0 comment Print

Service Tax Exemption on Service of transportation, by educational institutions to students, faculty and staff for the period commencing on and from the first day of April, 2013 and ending with the tenth day of July, 2014.

CBEC retains customs duty on ghee, butter & butter oil at 40 beyond 30.09.2016

September 29, 2016 691 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 53/2016-Customs New Delhi, the 29th September, 2016 G.S.R. 931 (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 […]

CBDT amends format of 3CD Report wef 01.04.2017

September 29, 2016 31459 Views 1 comment Print

In the Income-tax Rules, 1962, in Appendix II , in Form No. 3CD, in Part-B, in clause 13, for sub-clause (d), the following shall be substituted ,namely, —(d) Whether any adjustment is required to be made to the profits or loss for complying with the provisions of income computation and disclosure standards notified under section 145(2)

CBDT notifies ICDS Applicable from Assessment Year 2017-18

September 29, 2016 28351 Views 0 comment Print

CBDT has vide notification No. 87/2016 notifies following income computation and disclosure standards applicable from A.Y. 2017-18- 1. Accounting policies 2. Valuation of inventories 3. construction contracts  4. Revenue Recognition 5. Tangible fixed assets  6. Effects of changes in foreign exchange rates  7. government grants  8. securities Preamble  9. Borrowing costs and 10.Provisions, contingent liabilities […]

CBDT rescinds ICDS notified in 2015

September 29, 2016 2188 Views 0 comment Print

Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Part-II, Section 3, Sub-section (ii), vide notification number S.O. 892(E) dated the 31st March, 2015, except as respects things done or omitted to be done before such rescission.

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