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IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018

February 6, 2018 6213 Views 0 comment Print

The Insolvency and Bankruptcy Board of India (IBBI) amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 yesterday.

Custom Duty on import of Chana (Chickpeas) increased to 40%

February 6, 2018 993 Views 0 comment Print

Seeks to increase BCD tariff rate on Chana (Chickpeas), [Tariff item 0713 20 0] from 30% to 40% by invoking section 8A (1) of the Customs Tariff Act, 1975 and accordingly, the effective rate of BCD on Chana (Chickpeas), will also be 40%

CBEC increases import duty on all types of sugar to 100%

February 6, 2018 1098 Views 0 comment Print

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 Customs Tariff Act, 1975 (51 of 1975)

Compliance of Labour Laws relating to Contract Labour hired by Railways

February 6, 2018 2061 Views 0 comment Print

In this regard, a letter is being issued to all General Manager of Indian Railways (all Zones), Kolkata Metro Corporation, Director General, RDSO and Chairman & Managing Director, IRCTC for ensuring compliance in respect of contract workers being Principal Employers.

Corrigendum to Order of constitution of Insolvency Law Committee

February 6, 2018 639 Views 0 comment Print

Ministry of Corporate Affairs vide its order dated 16.11.2017 constituted Insolvency Law Committee to examine the suggestions received and related matters regarding provisions of Insolvency and Bankruptcy Code, 2016.

AS 22 or Ind AS 12 not applicable to Government Company: MCA

February 5, 2018 10446 Views 1 comment Print

Provisions of Accounting Standard 22 or Indian Accounting Standard 12 relating to deferred tax asset or deferred tax liability shall not apply, for seven years with effect from the 1st April, 2017, to a Government company which:—

J&K Govt. notifies Reimbursement of Taxes for promotion of industries

February 5, 2018 2367 Views 1 comment Print

State of Jammu and Kashmir hereby notifies the following scheme for providing budgetary support to the manufacturing units in the shape of reimbursement of State Taxes paid under Jammu and Kashmir Goods and Services Tax Act, 2017.

Amendment in import policy condition of pepper

February 5, 2018 1014 Views 0 comment Print

Import policy of Light black pepper classified under EXIM Code 0904 11 20 under Advance Authorization Scheme is laid down, in partial modification of the Notification No. 42 /2015-20 dated 6th December, 2017.

Updation in Para 4 (A) of General Notes Regarding Import Policy of ITC (HS), 2017, Schedule – I (Import Policy)

February 5, 2018 1362 Views 0 comment Print

Consequent to modification in Section 3(2) of the Food Safety & Standards (Import) Regulation, 2017, Para 4 (A) of General N tes Regarding Import Policy of ITC (HS), 2017, Schedule — I (Import Policy) stands update

Designation of Special Court for Company Law offences in Kerala, Lakshadweep, Odisha & Assam

February 5, 2018 1422 Views 0 comment Print

Notification No. S.O. 528(E) High Courts of Kerala, Orissa and Gauhati, hereby designates the following Courts mentioned in column (2) of the Table below as Special Courts for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the said sub-section, namely:-

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