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Constitution of Fifteenth Finance Commission Notified

November 27, 2017 1545 Views 0 comment Print

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27th November, 2017.

CBEC amends Notification No. 56/2000-Customs, dated 5th May, 2000

November 27, 2017 5055 Views 0 comment Print

Notification No. 90/2017-Customs CBEC hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 56/2000-Customs, dated the 5th May, 2000, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 399 (E), dated the 5th May, 2000, namely:-

Prohibition on export of Red Sanders wood in log form relaxed

November 27, 2017 1143 Views 0 comment Print

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 186.588 MTs of Red Sanders wood, in log form, through State Government of Karnataka.

RoSL on Export of Garments and Made UPS-Post GST Rates Notified

November 24, 2017 3900 Views 0 comment Print

Ministry of Textiles has notified the schemes for Remission of State Levies on export of garments and made ups through the mechanism of rebate. The two schemes have been merged under the Scheme for Rebate of State Levies on Export of Garments and Made-ups (hereinafter referred to as the RoSL Scheme).

Reg. Provisional mega power projects & permit proportionate release of FDR or BG

November 24, 2017 1020 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs so as to amend the condition with regard to provisional mega power projects and permit proportionate release of FDR or BG based on proportionate mega certificate issued by Ministry of Power

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017

November 23, 2017 2313 Views 0 comment Print

Press Release dated 23.11.2017 from Ministry of Corporate Affairs, Government of India Ordinance to amend the Insolvency and Bankruptcy Code, 2016 promulgated; Ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the Code. The Government of India promulgated today the Ordinance to amend the Insolvency […]

GPS compulsory in new smart mobile phones from 1st January 2018

November 23, 2017 1380 Views 0 comment Print

GPS in new smart mobile handset.—With effect from the 1st January, 2018, no smart phone handset manufacturing company shall sell the new smart mobile phone handset in India without the facility of identifying the location through Satellite based GPS

Export Policy of Onions- Minimum Export Price of Onions Notified

November 23, 2017 660 Views 0 comment Print

In exercise of powers conferred by Section 3 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992), as amended, read with Para 1.02 of the Foreign Trade Policy, 2015-20, the Central Government hereby makes the following amendment, with immediate effect, in Notification No. 29/2015-20 dated 24.12.2015 relating to export of onion.

Online Correction In Name, DOB & Gender of EPF Subscribers

November 22, 2017 51744 Views 33 comments Print

Currently, if employee wants to correct his/her basic details against UAN, employee and employer are required to submit a joint request to the concerned EPFO field office for correction of above mentioned basic details of employee.

Removal of prohibition on export of all varieties of Pulses

November 22, 2017 2157 Views 0 comment Print

All varieties of pulses, including organic pulses, have been made ‘free’ for export without any quantitative ceilings, till further orders. However, for export through non-EDI Land Custom Stations (LCS), the exporter will have to do prior-registration of quantity with DGFT.

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