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CBEC amends 18 Custom Duty Notifications

December 31, 2016 2299 Views 0 comment Print

CBEC amends Notification No. 105/1999-Customs, Notification 26/2000—Customs, Notification 85/2004‑ Customs, Notification 73/2005-Customs, Notification 10/2008-Customs, Notification 96/2008 ,Customs, Notification 57/2009 Customs, Notification 12/2012 Customs, Notification 75/2005-Customs, Notification 74/2005-Customs , Notification 28/1995- Customs, Notification No. 76/2003- Customs, Notification No. 68/2012-Customs, Notification No. 21/2012-Customs, Notification No. 72/2005-Customs, Notification 24/2005-Customs, Notification 101/2007-Customs and Notification 151/2009-Customs.

Duty concessions on import from Korea RP under CEPA

December 31, 2016 19273 Views 0 comment Print

deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) w.e.f. 01.01.2017 and to carry out editorial changes as a result of HS 2017 changes.

Duty concessions on import from Malaysia under IMCECA

December 31, 2016 1867 Views 0 comment Print

Deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2016 and to carry out editorial changes as a result of HS 2017 changes.

Duty concession on import of Motor car engine / Gear Box & Parts under IJCEPA

December 31, 2016 1027 Views 0 comment Print

concessional rate of basic customs duty in respect of tariff item 8408 20 20 [engines of a kind used for the propulsion of specified motor vehicles – of cylinder capacity exceeding 250 cc] and 8708 40 00 [gear box and parts thereof, of specified motor vehicles], w.e.f. 1st of January, 2017, when imported under the India-Japan Comprehensive Economic Partnership Agreement (IJCEPA) and to carry out editorial changes as a result of HS 2017 changes

Tariff concessions on import under India-ASEAN Free Trade Agreement

December 31, 2016 25837 Views 0 comment Print

Seeks to amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when imported from ASEAN under the India-ASEAN Free Trade Agreement w.e.f. 01.01.2017 and to carry out editorial changes as a result of HS 2017 changes.

Withdraw BCD exemption, available to specified fabrics

December 31, 2016 1396 Views 0 comment Print

Seeks to withdraw BCD exemption, available to specified fabrics, of value equivalent to 1% of the FOB value of exports in preceding financial year

CBEC amends 9 Excise duty notifications

December 31, 2016 3274 Views 0 comment Print

CBEC amends following 9 excise duty notifications namely- Notification No. 74/93-Central Excise , Notification 10/96- Central Excise, dated 23rd July,1996, Notification 49/2003-Central Excise

RBI Closes scheme of exchange of Specified Bank Notes at banks

December 30, 2016 1789 Views 0 comment Print

With the closure of the facility of exchange of SBNs as at the close of business on December 30, 2016, all banks should report information on collection of SBNs on December 30, 2016 itself at email.

Employees Pension (Seventh Amendment) Scheme, 2016

December 30, 2016 3448 Views 0 comment Print

43B. Special provision in respect of Employees’ Enrolment Campaign, 2017.— The exceptions and modifications subject to which the provisions of this Scheme shall apply, in relation to the employees’ whose membership have been declared under paragraph 82A of the Employees’ Provident Funds Scheme, 1952

Reg. administration expenses of Employees’ Deposit-linked Insurance

December 30, 2016 2875 Views 0 comment Print

No sum, other than the expenses towards the cost of any benefits provided by or under the Employees’ Deposit-linked Insurance Scheme, 1976, shall be payable by the employer for meeting the expenses in connection with the administration of the said Scheme

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