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Govt. moves Export of seed quality rice from ‘Free’ to ’Restricted’ category

October 7, 2015 1075 Views 0 comment Print

Notification No. 23/2015-2020 1. Export to be made by private parties from privately held stocks. State Trading Enterprises (STEs) including M/s. NCCF & NAFED are also permitted to export privately held stocks of non-Basmati rice.

Amendment in ITC (HS) code of 1-Phenyl-2- Propanone

October 6, 2015 654 Views 0 comment Print

The Tariff Item HS Code of 1-Phenyl-2- Propanone against Sl. No. 124 in Chapter 29 of Schedule 2 of ITC (HS) Classification of Export and Import Items notified vide Notification No. 55(RE-2013)/2009-14 dated 03.12.2013 is amended to read as ‘29143100’. Accordingly, the entry at Sl. No. 124 in Chapter 29 of Schedule 2 of ITC (HS) Classification of Export and Import Items may be read as under.

Govt. notifies conditions for grant of license for cultivation of opium poppy

October 5, 2015 3844 Views 0 comment Print

The Central Government vide Notification No. 1/2015-Narcotics Control-1 dated 5th October, 2015 has notified the general conditions for grant of license for cultivation of opium poppy on account of the Central Government during the Opium Crop Year commencing on the 1st day of October, 2015 and ending with the 30th day of September, 2016.

Govt. increases Custom duty on ghee, butter & butter oil to 40%

October 5, 2015 1965 Views 0 comment Print

Notification No. 49/2015-Customs – Seeks to further amend notification No. 12/2012-Customs dated 17.03.2012 so as to increase the basic customs duty on ghee, butter and butter oil from the present rate of 30% to 40% for a period of 6 months i.e upto and inclusive of the 31st day of March, 2016.

Agreement between Govt of India & America for Exchange of Information with respect to taxes

September 30, 2015 953 Views 0 comment Print

Notification No. 77/2015 – Income Tax Whereas, an Inter-Governmental Agreement and Memorandum of Understanding (MoU) between the Government of the Republic of India and the Government of the United States of America to improve International Tax Compliance and to implement Foreign Account Tax Compliance Act of the United States of America was signed at New Delhi on the 9th day of July, 2015 (hereinafter referred to as the said Agreement and enclosed herewith as Annexure);

Delhi VAT- Submit Form DP-1 online by 21/10/2015

September 30, 2015 606 Views 0 comment Print

No.F.3(352)Policy/VAT/2013/818-829 Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section(1) read with sub­section (2) and (3) of section 70 and sub-section (2) of section 59 of Delhi Value Added Tax Act, 2004, notify that the Form DP-1 shall be submitted online by all the dealers latest by 21/10/2015. The form shall be filed by dealers registered upto 30/09/2015.

Notification No. 48/2015-Customs, Dated- 30th September, 2015

September 30, 2015 1309 Views 0 comment Print

Notification No. 48/2015-Customs Government of India, in the Ministry of Finance (Department of Revenue), No.12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 185(E), dated the 17th March, 2012, namely:-

Form No.15G / 15H & related procedures wef 01.10.2015

September 29, 2015 58307 Views 16 comments Print

Notification No. 76/2015 – Income Tax S.O. 2663 (E). – In exercise of the powers conferred by section 295 read with section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Delhi VAT- Date extended for filing of Forms EC-II and EC-III to 15-10-2015

September 29, 2015 695 Views 0 comment Print

No.F.3(515)/Policy/VAT/2015/805-816 , Commissioner, Value Added Tax in exercise of the powers conferred under section 27 of the Delhi Value Added Tax Act,2004, do hereby extend the last date for filing of online returns for the 1st quarter of the year 2015-16, in Forms EC-H and EC-111 to 15/10/2015.

Banknotes with new numbering pattern and special features for the visually impaired

September 24, 2015 555 Views 0 comment Print

Reserve Bank of India is issuing Banknotes in Mahatma Gandhi Series 2005 with a new numbering pattern and special features for the visually impaired in ₹ 100, 500 and 1000 denominations (images of banknotes enclosed).

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