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Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Income Tax Return Forms for A.Y.2017-18

MCA eForms

ICAI Announcements

ICAI Exposure Draft

Draft GST Rules

Insolvency & Bankruptcy Law Draft

IASB Exposure Draft

AICPA Exposure Draft

Legal Updates

  • Income Tax
  • Black Money Tax
  • MCA
  • CCI
  • IRDA
  • RBI
  • Central Excise
  • Customs
  • DGFT

 


Indian News:

You can now withdraw 90% EPF to buy home, pay EMI from account

Banks may have to swallow losses to resolve NPA issue: Arun Jaitley

Bad loans issue not ‘insurmountable’ for India: Arun Jaitley

CBEC gears up for GST roll-out

Sebi lines up reforms for deeper markets, to check black money

Income tax dept to challenge ITAT relief to Cairn Energy in HC

Draft GST rules seek detailed paperwork

CBDT removes Cyprus from NJA with retro effect from Nov 2013

Uncertainty continues over retrospective taxation

Panel to review disciplinary mechanism of CA, CS institutes

No tax on notice period pay cut

Ministry extends deadline for amnesty declarations to May 10

Journalists, politicians, judges can't accept foreign money under FCRA

CCI extends deadline for public comments on leniency norms

Friendly advance ruling mechanism to smoothen ride under GST regime

Import duty waived for free medicines

Sebi to make daily cause list public on enforcement action

Raghuram Rajan warns of ‘policy uncertainty’ for world economy

Draft GST rules allow e-filing of appeals, digital accounts

I-T dept seeks Rs 30k cr penalty from Cairn Energy for non-payment of tax

GST impact: Small businesses could under-report income initially

Who qualifies as an ‘agriculturist’? GST law requires greater clarity

FinMin ratifies 8.65% rate on EPF deposits

Income-Tax dept seizes Rs 10 cr, 8 kg gold in Noida raid on Additional Sales Tax Commissioner

Deposits under PMGKDS can be made till April 30

Double taxation avoidance protocol with Portugal gets the green signal

Govt likely to opt for new fiscal framework

Demonetisation impact may take a few months to assess: CEA

Sebi may grant single licence to brokers, clearing members

India eases rules to allow merger of Indian companies with foreign firms

Sebi may allow investors to buy mutual fund via digital wallet

 

International News:

IASB proposes tweaks to financial instruments standard

Group aims to standardize accounting rules for gold worldwide

AICPA proposes standard for auditing employee benefit plans

 


Income Tax Return Forms for A.Y.2017-18:

Excel & Java Utilities and Instructions published till date


MCA eForms:

Updated as on April 24, 2017

 


ICAI Announcements:

FAQs on the Insolvency and Bankruptcy Code, 2016

FAQs on the Companies Act 2013

 

ICAI Exposure Draft:

Guidance Note on Division- II Ind AS Schedule III to the Companies Act, 2013
[Last date for comments: April 30, 2017]

 


Draft GST Rules:

Accounts and Records

Advance Ruling

Appeals and Revision

Assessment and Audit

e-Way Bill

[Last date for comments: April 27, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. ]

 

Insolvency & Bankruptcy Law Draft:

Draft Notification for eligible corporate debtors under Section 55 (2) of IBC, 2016
[Last date for comments: May 8, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. ]

 

IASB Exposure Draft:

Prepayment Features with Negative Compensation
Proposed amendments to IFRS 9

[Last date for comments: May 24, 2017]

 

AICPA Exposure Draft:

Proposed Statement on Auditing Standards
Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans subject to ERISA

[Last date for comments: August 21, 2017]

 


Legal Updates

Income Tax:

Clarification on removal of Cyprus from the list of notified jurisdictional areas u/s 9A of the Income-tax Act, 1961 [Circular No.15]

 

Black Money Tax:

Extension of time for filing declaration under the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 [Circular No.14]

 

MCA:

Clarification regarding online generation of Challans for Offline payment cases [Circular No.2]

 

CCI:

Exemption to certain companies [S.O 998(E)]

Notication S.O. 674(E) dated 4th March, 2016 rescinded [S.O 989(E)]

 

IRDA:

IRDAI (Payment of commission or remuneration or reward to insurance agents and insurance intermediaries) (First Amendment) Regulations, 2017

 

RBI:

Compliance with Ghosh Committee Recommendations

Amendment to Pradhan Mantri Garib Kalyan Deposit Scheme, Notification No.S.O.4061 E

 

Central Excise:

Notification under Section 11C of the Central Excise Act on Heena Powder and Paste falling under Chapter 33 [No.11(NT)]

 

Customs:

Seeks to exempt goods imported by the Army, the Navy, the Air Force or the Central Paramilitary Forces [No.17]

Rate of exchange of conversion of the foreign currency with effect from 21st April, 2017 [No.40(NT)]

Seeks to exempt goods for supply under Patient Assistance Programme run by specified pharmaceutical companies [No.16]

Exemption of additional duty of Customs to specified jute products imported from Nepal extended [No.15]

Rescinding Board Circular F. No. 528/213/87 - Customs(TU) [Circular No.15]

 

DGFT:

Amendments in Paras 2.72, 2.73, 2.74, 2.81 & 2.82 and Appendix 2S of the Handbook of Procedures, 2015-2020 [Public Notice No.4]

Amendment in Table A of Schedule 2 and Appendix 3 of ITC(HS) Classification of Export and Import Items [No.5]

Amendment in Para 3.18(a) of FTP 2015-20 [No.4]

Consideration of application for grant of Licences/ Authorisations for import of "Gold Dore" [Trade Notice No.4]

Services Exports from India Scheme (SEIS)- Schedule under Appendix 3D as annexure to the Public Notice No. 3/2015-20 dated 1st April, 2015-Eligible period extended up to 31.3.2017 [Public Notice No.3]

Amendment in Standard Input Output Norms A-39 under Chemical & Allied Product Group [Public Notice No.2]

Inclusion of details / clarification on the Certification of Origin of Goods for European Union Generalised System of Preferences (EU-GSP) - as notified vide Public Notice No.51 dated 30.12.2016 [Trade Notice No.3]

Amendments in Product Description in MEIS Schedule-Table 2 of Appendix 3B [Public Notice No.1]

 



 

 

logo3

Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Income Tax Return Forms for A.Y.2017-18

MCA eForms

RBI Drafts

ICAI Announcements

ICAI ITFG Clarification

Legal Updates

  • Income Tax
  • Service Tax
  • MCA
  • SEBI
  • RBI
  • Central Excise
  • Customs

 


Indian News:

RBI raises provisioning on telecom loans

Sebi provides clarity on Interest Rate Future requirements

70% of India’s small, mid-sized firms yet to start GST preparations

Relief to consumers, under GST, tax rates for most goods to fall

'Services need to gear up for Industrial Revolution 4.0'

Panama Paper leak: Centre to inform SC as whether to form new SIT

Govt considers payment gateway before widening Google Tax net

E-commerce definition too wide in GST dispensation: Assocham

GST: Government looking to keep single rate for each product group to avoid complexity

Sebi set to block P-Note route for NRIs to prevent laundering of black money

Govt may soon allow 100% FDI in cash, ATM management cos

Email id for black money information receives over 38,000 mails

IFSCs may permit trading in equity derivatives: Sebi

GST: CBEC suggests e-way bill for moving goods over Rs.50,000

I-T dept to probe over 60,000 'high risk' people under 'Operation Clean Money-II'

Gold imports up since demonetisation: Black money turned white, then yellow

RBI tightens screws on banks with stricter PCA guidelines

RBI likely to soak more liquidity from system

BSE mandates filing of financial results through XBRL format

Shell companies: CA body assures swift disciplinary action against erring members

RBI tightens screws on banks to ease bad debt

Relief as taxman assures that seafarers salary not taxable

Service tax to move up from 15% to 18% under GST, says Hasmukh Adhia

GST Bills get President’s nod

Rent receipts not enough to prove House Rent Allowance claim

RBI proposes simplified forex hedging facility

Finance Ministry rejects Apple demands on tax; firm’s manufacturing line this year

Tax rates under GST to stay close to present levels

EPFO extends deadline for submitting Aadhaar to April 30

No 2nd chance for start-ups that did not get tax sops

Andhra Pradesh to push for same benefits under GST for VAT exempted goods

GST should be rolled out in October not July 1: P Chidambaram

FERA violation case: Fresh non-bailable warrant against Vijay Mallya

IFSC banking units get RBI boost

'Tax payers to get foolproof security on their data under GST'

 

International News:

IPSASB calls for comment on ‘heritage’ reporting

KPMG shakes up audit team for inside info on PCAOB inspections

 


Income Tax Return Forms for A.Y.2017-18:

Excel & Java Utilities and Instructions published till date


MCA eForms:

Updated as on April 18, 2017

 


RBI Drafts:

RBI announces draft guidelines of Simplified Hedging Facility for Residents and Non-Residents
[Last date for comments: May 5, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. ]

RBI announces Draft Framework on introduction of Tri-Party Repo
[Last date for comments: May 5, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. ]

 


ICAI Announcements:

FAQ on treatment of Securities Premium Account under Ind AS on the date of transition [Published on April 17, 2017]

Implementation Guide on Auditor’s Report under Rule 11(d) of Companies (Audit and Auditors) Amendment Rules, 2017 and Amendment to Schedule III to Companies Act, 2013 [Published on April 15, 2017]

 

ICAI ITFG Clarification:

ITFG Clarification Bulletin 5 (revised)
[Published on April 17, 2017]

 


Legal Updates

Income Tax:

Clarification regarding liability to income-tax in India for a non-resident seafarer receiving remuneration in NRE account [Circular No.13]

 

Service Tax:

The Service Tax (Third Amendment) Rules, 2017 [No.16]

Seeks to amend notification No. 30/2012-ST dated 20.06.2012 so as to specify the importer as defined under section 2(26) of the Customs Act, 1962 [No.15]

The Point of Taxation (Amendment) Rules, 2017 [No.14]

Issues related to levy of service tax on the services provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India to the customs station in India [Circular No.206]

The Service Tax (Settlement of Cases) Amendment Rules, 2017 [No.13]

 

MCA:

Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2017

Commencement of section 234 of Companies Act 2013

The Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2017

 

SEBI:

Review of the framework of position limits for Interest Rate Futures contracts

Inclusion of "Derivatives on Equity shares" - IFSC

 

RBI:

Disclosure in the “Notes to Accounts” to the Financial Statements- Divergence in the asset classification and provisioning

Additional Provisions For Standard Advances At Higher Than The Prescribed Rates

Guidelines on compliance with Accounting Standard (AS) 11 [The Effects of Changes in Foreign Exchange Rates] by banks - Clarification

Prudential Guidelines – Banks’ investment in units of REITs and InvITs

Revised Prompt Corrective Action (PCA) framework for banks

Financial Literacy Week

Security Substitution Facility for term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility

 

Central Excise:

The CENVAT Credit (Second Amendment) Rules, 2017 [No.10(NT)]

The Central Excise (Settlement of Cases) Amendment Rules, 2017 [No.9(NT)]

The Central Excise (Advance Rulings) Amendment, Rules 2017 [No.8(NT)]

 

Customs:

Amendment to Notification No.41/1999-Cus to align the said notification with para 4.36 of FTP 2015-20 by omitting the word 'for export' in the proviso to the notification [No.14]

Seeks to further amend notification No.12/2012-Customs, dated 17.03.2012 [No.13]

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver [No.39(NT)]

Amendment to notification no.78/2014-Customs (N.T.) dated 16.09.2014 [No.38(NT)]

The Customs (Settlement of Cases) Amendment Rules, 2017 [No.37(NT)]

Delayed, incomplete or incorrect filing of Import manifest [Circular No.14]

Seeks to levy definitive anti-dumping duty on import of 'Flexible Slabstock Polyol' originating in or exported from Thailand [No.13(ADD)]

Seeks to levy anti-dumping duty on the imports of 'Linear Alkyl Benzene' originating in or exported from Iran, Qatar and China [No.12(ADD)]

The Levy of Fees (Customs Documents) Amendment Regulations, 2017 [No.36(NT)]

Amendments in Notification No.40/2012-Customs (N.T.) dated 2nd May, 2012 [No.35(NT)]

DTA clearance of goods procured by EOUs/EHTP/STP units from indigenous sources - charging of Duty [Circular No.13]

Rate of exchange w.e.f. April 7, 2017 [No.33(NT)]

Rate of exchange w.e.f. April 6, 2017 [No.32(NT)]

Seeks to amend Notification No.12/2012-Customs, dated the 17th March, 2012 [No.12]

Amendments in Notification No.1/2017-Customs (ADD) dated 5th of January, 2017 [No.11(ADD)]

 



 

 

logo3

Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Income Tax Return Forms for A.Y.2017-18

MCA eForms

Legal Updates

  • Income Tax
  • MCA
  • Insolvency & Bankruptcy Law
  • IRDA
  • DGFT
  • RBI

 


Indian News:

Income Tax return leaked, Information Commission orders inquiry

New CBEC chief wants officers to speed up enrolment under GST

Govt removes limits on corporate funds to political parties

All tax data will be completely secure: GSTN

Irda issues cyber security norms of insurers

70% of all goods and some consumer durables to become cheaper under proposed GST regime

Block accounts that do not provide self certification by April 30 for FATCA: CBDT

PAN, TAN to be issued in a day for ease of doing business

Under GST, if a person abstains from a service, he is still liable to pay!

No proposal to review FDI policy in multi-brand retail: Govt

Aadhaar is safe, robust and secure, says IT Minister Prasad

Now, link your Aadhaar with PAN through ID proof scan, OTP

I-T dept issues fresh tax demand of Rs 10,247 cr to Cairn, interest waived

Nationwide Income Tax, ED raids only on basis of information, proof: Jayant Sinha

More crackdown against black money planned after detection of tax evasion

Govt examining report on shifting of financial year: Jaitley

Sebi provides clarity on insider trading norms

Rajya Sabha passes all four GST bills without amendments

RBI enables faster money transfer by finetuning NEFT framework

RBI hikes capital requirement for ARCs to Rs 100 crore

Loan waiver schemes undermine honest credit culture: Patel

RBI surprises with reverse repo hike

5 key takeaways from RBI's first bi-monthly policy statement, 2017-18

Exporters want RBI, govt to keep a constant eye on rupee movement

Banks want RBI to relax norms for loans to highly indebted firms

CBEC protest now turns pro-GST

CAG finds lapses in corporate governance by CPSEs

Expats who stayed in India for 182 days or more must apply for Aadhaar

I-T returns: Aadhaar rules only for resident Indians

Ban on cash dealings not applicable for bank, post office withdrawals

Claiming HRA to get harder as govt cracks down on fake house rent receipts

Last-minute hiccups in way as GST roll-out deadline nears

Mandatory Aadhaar for filing income tax returns challenged in SC

As Narendra Modi government gets set to crack GST whip on tax evaders, India Inc voices concern

 

International News:

Data Analytics Internal Audit - Provity Survey 2017
[Submitted by CA. Ramachandran Mahadevan]

GAO proposes revisions to government auditing standards

How to Lessen the Risk of Financial Reporting Fraud

 


Income Tax Return Forms for A.Y.2017-18:

Excel & Java Utilities and Instructions published till date


MCA eForms:

Updated as on April 11, 2017

 


Legal Updates

Income Tax:

Timelines for Closure of financial accounts under Rule 114H (8) of the Income-tax Rules, 1962 under alternative procedure of FATCA [Press Release]

CBDT issues PAN and TAN within 1 day to improve Ease of Doing Business [Press Release]

Applicability of section 269ST [No.28]

The Income –tax (Seventh Amendment) Rules, 2017 [No.27]

Revised Rule 19AB and Form 10DA [No.26]

Mandatory Quoting of Aadhaar For PAN Applications & Filing Return of Income only for residents [Press Release]

Clarification regarding cash transactions [Press Release]

 

MCA:

Companies (Registration of Charges) Amendment Rules, 2017

 

Insolvency & Bankruptcy Law:

Commencement of Section for Voluntary Liquidation (S-59) and Information Utilities (209-2016) And S-234, 235 (Agreement with foreign Countries) under IBC, 2016 [SO 1005(E)]

 

IRDA:

Guidelines on Information and Cyber Security for insurers

 

DGFT:

Online issuance of RCMC [Trade Notice No.1]

 

RBI:

Setting up of IFSC Banking Units (IBUs) – Permissible activities

Systems and Controls for conduct of government banking

Change in Bank Rate

Marginal Standing Facility

Liquidity Adjustment Facility – Repo and Reverse Repo Rates

Interest rates for Small Savings Schemes

 



 

 

logo3

Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Union Budget 2017

AICPA Exposure Drafts

GST Draft Rules

CBDT Draft

ICAI Announcement

ITFG Clarification

Income Tax Return Forms for A.Y.2017-18

GST FAQs

Legal Updates

  • Income Tax
  • Black Money Tax
  • MCA
  • IBBI
  • SEBI
  • IRDA
  • RBI
  • Customs

 


Indian News:

Revenue department extends enrolment of dealers with GSTN till April

CAG to audit UN Secretariat in New York

GST: Great achievement, but weaknesses remain, says CEA Arvind Subramanian

Pay STT or capital gains tax, says CBDT

All I-T communication between Assessing Officer and taxpayer now online

A single window clearance system for industry under Yogi govt in UP

Filing I-T return? Don't forget to claim benefits on reimbursements

New GST rule on higher tax for exchange offers leaves retailers in a fix

Companies can avail up to 40 per cent GST Credit for excise already paid on stocks

Sebi asks despositories to add capacity to tackle volume surge

Sebi to soon get access to internet, call records from abroad

GST: Tax evasion over Rs 5cr a non-bailable offence

Tax dispute scheme gets tepid response, garners Rs 1,200 cr

FinMin places 8 set of GST rules in public domain applicable once it is implemented from July 1, seeks comments

Education, healthcare to be out of GST

GST will be implemented from July 1: Meghwal

NPAs biggest challenge facing economy; RBI needs to step in: Assocham

RBI increases FPI limits in govt bonds by Rs 170 billion for April-June

Kochi: Income Tax official arrested by CBI for accepting bribe

Nationwide ED crackdown on 300 shell companies

I-T Dept launches e-filing facility for 2 ITRs

Post-merger, SBI joins global league of top 50 banks

Direct selling companies seek protection under Consumer Protection Act

Fighting Black Money: IDS-2 disappoints as declarations a trickle of Rs 13,000 crore

Sebi eases disclosure norms for rating agencies

New ITR form: Taxman seeks details of deposits made during demonetisation

GST Council clears 5 rules; 4 more get tentative nod

Tax rates will not fluctuate under GST: Hasmukh Adhia

CBDT says Form 1 can be filed by Apr 10, if deposit made under the PMGKY by today

Old notes: RBI closes window for Indians abroad; NRIs can exchange till June 30

RBI-authorised entities can alone issue PSI wallets

Aadhaar can be hacked, data leaked, Modi government finally admits

Govt lowers interest rate on small savings schemes by 0.1%

Govt notifies simplified ITR; e-filing to start from Saturday

No discussion on extending GST roll-out beyond July 1, says Finance Ministry

GST anti-profiteering clause has companies worried

GST: Service providers face compliance woes

 

International News:

Bill Would Make PCAOB Disciplinary Hearings Public

FASB updates accounting for callable debt securities

 

Union Budget 2017:

Finance Bill gets presidential assent, takes effect from today

Parliament passes Finance Bill, Rajya Sabha amendments rejected

Rajya Sabha forces 5 amendments to Finance Bill

 


AICPA Exposure Drafts:

11 new Working Drafts on Revenue Recognition Guidance for Airline, Gaming, Hospitality and Time Share industries
[Last date for comments: June 1, 2017]

 

GST Draft Rules:

[Last date for comments: April 10, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.]

 

CBDT Draft:

Exemption from Capital Gains Tax u/s 10(38) where STT has been paid
[Last date for comments: April 11, 2017]

 


ICAI Announcement:

Revised Effective Date of SA 701 and Revised SAs 700, 705, 706

 

ITFG Clarification:

ITFG Clarification Bulletin 7

 


Income Tax Return Forms for A.Y.2017-18:

All new ITRs published. eFiling Utilities for ITR 1 & ITR 4 have also been published.


GST FAQs:

FAQs on GST (2nd edition) [As on March 31, 2017]

FAQs on Migration to GST

 


Legal Updates

Income Tax:

Procedure, Formats and Standards for ensuring secured transmission of electronic communication - Introduction of E-Proceeding for communication between the Income Tax Department and Assessee [No.4]

New Form 3CFA - For Opting for Taxation of Income by way of Royalty in respect of Patent [No.25]

The Income-tax (Fourth Amendment) Rules, 2017 [No.21]

New Income Tax Return Forms notified

 

Black Money Tax:

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 [Circular No.12]

 

MCA:

The Companies (Meetings of Board and its Powers) (Amendment) Rules, 2017

The Companies (Audit and Auditors) Amendment Rules, 2017

Amendment in Schedule III to the Companies Act, 2013.

Designation of Special Court for the state of Telangana and Andhra Pradesh

Substitution of ICSI and ICAI nominee on NACAS

 

IBBI:

Insolvency and Bankruptcy Board of India( Information Utilities) Regulations, 2017

Insolvency and Bankruptcy Board of India (Voluntary Liquidation process) Regulations, 2017

Insolvency and Bankruptcy Board of India( Advisory Committee) Regulations, 2017

Insolvency and Bankruptcy Board of India( Procedure For Governing Boards Meetings) Regulations, 2017

Insolvency and Bankruptcy Board of India(Engagement Of Research Associates And Consultants) Regulations, 2017

 

SEBI:

Investments by FPIs in Government Securities

Capacity Planning Framework for the Depositories

Enhanced Standards for Credit Rating Agencies (CRAs) - Clarifications

SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017

 

IRDA:

Information to be submitted as part of the Annual Actuarial Valuation and related reports submission

Clarification regarding payment of commission, remuneration or reward to agents / intermediaries

 

RBI:

Investment by Foreign Portfolio Investors in Government Securities

Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions – Continuance of Special Measures

Purchase of foreign exchange from foreign citizens and others

 

Customs:

Clarification regarding legislative changes relating to Customs Act,1962 proposed in the Finance Bill, 2017 [Circular No.12]

Clarification regarding amendment in Special Economic Zone Rules, 2006 in Rule 47, after sub-rule (4) dated 05.08.2016 [Circular No.11]

Seeks to amend Notification No.69/2011-Customs, dated 29th July, 2011 [No.11]

Seeks to notify Foreign Post Offices [No.31(NT)]

Seeks to further amend notification No. 63/94-Customs (N.T), dated the 21st November, 1994 [No.30(NT)]

Regarding the Deferred Payment of Import Duty (Amendment) Rules, 2017 [No.28(NT)]

Regarding the Bill of Entry (Forms) Amendment Regulations, 2017 [No.27(NT)]

Regarding the Bill of Entry (Electronic Integrated Declaration) Amendment Regulations, 2017 [No.26(NT)]

Regarding amendment to Notification No. 40/2012-Customs (N.T.), dated the 2nd May, 2012 [No.25(NT)]

The Handling of Cargo in Customs Areas (Amendment) Regulations, 2017 [No.24(NT)]

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver [No.23(NT)]

Export of carpet under duty drawback - examination of carpets for composition, price determination etc. [Circular No.10]

Disposal of seized/confiscated cigarettes of foreign origin vis-a-vis provisions of the cigarettes and other tobacco products (Packaging and Labelling) Rules, 2008 [Circular No.9]

 



 

 

logo3

Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Union Budget 2017

MCA eForms

ICAI Exposure Drafts

IRDA Exposure Draft

Legal Updates

  • Income Tax
  • IDS, 2016
  • SEBI
  • IRDA
  • Customs
  • DGFT

 


Indian News:

LS clears GST Bills: Focus now on rules, specific rates

Govt services, office freebies may attract GST

Implementing GST Will Be Serious Test For India: Foreign Media

Race for GST: Lok Sabha passes key tax reform bills

ITR form simplified further; e-filing to start from April 1

Insolvency regulator should not be intrusive, but guide market in right direction, Meghwal tells IBBI

To generate better returns, EPFO to break from past practice, invest subscription receipts in liquid MFs

No relief to those who defaulted on 1st IDS installment: CBDT

GST Bills tabled in Lok Sabha: Here’s all you need to know about them

GST rates will have no inflationary impact: Jaitley

Govt seeks powers to levy GST on all rental income

Note ban frenzy now behind, Jan Dhan accounts see brisk withdrawals

Foreign workers can now withdraw retirement corpus when leaving India

GST to be levied on renting, EMI on under-construction property from July 1

Changing rules that force startups to move abroad: DIPP Secretary Ramesh Abhishek

Buses, minis escape cess under GST; India Inc wants a Sept 1 roll-out

Aadhaar can be made compulsory for bank accounts, filing IT returns: SC

Aadhaar cannot be made mandatory for welfare schemes: Supreme Court

New board for indirect taxes to become operational from June 1

Filing I-T returns: Single-page form for income up to Rs 50 lakh

GST: 10 groups set up under senior taxmen to examine issues and report by April 10

FM Arun Jaitley rules out centralized registration for banks under GST

Ten income tax changes that will come in to effect from April 1

CBDT to waive interest liability if tax demand paid in retrospective cases

CAG to audit fallout of demonetisation

India may impose anti-circumvention duty on steel items from 7 countries

CBEC to be renamed as CBIC; to have 101 GST commissionerates

Narendra Modi government eyes new monetary facility to suck up excess cash in the banking system

CBDT forms committee to check absconding income tax officers

PAN to lose its validity? Aadhaar may replace PAN for individuals in future

GST on fast-track, but businesses still not on network

P-notes may take hit on new tax treaties

ICDS provisions to prevail over judicial precedents: CBDT

Income computation & disclosure standards to be applicable from April 2016

FIIs get tax relief for April 11-March 15 period

Grey areas remain for foreign investors on tax issues

Audit is knowledge-based activity: President Mukherjee

Frequent farm-loan waivers affect credit discipline: RBI

Singapore DTAA: India notifies third Protocol

RBI puts 4 public sector banks under watch on asset quality concerns

Sebi eases rules to boost municipal bond market

 

International News:

Revenue recognition standard will require new disclosures

 

Union Budget 2017:

Elders slam Finance Bill, say govt becoming authoritarian

Finance Bill [as passed by Lok Sabha on March 22, 2017]

 


MCA eForms:

Updated on March 29, 2017

 


ICAI Exposure Drafts:

Transfers of Investment Property, Amendments to Ind AS 40, Investment Property
[Last date for comments: April 28, 2017]

Appendix B of Ind AS 21, Foreign Currency Transactions and Advance Consideration
[Last date for comments: April 28, 2017]

Annual Improvements to Ind AS Standards 2014-2016 Cycle
[Last date for comments: April 28, 2017]

 

IRDA Exposure Draft:

IRDAI (Insurance Brokers) Regulations, 2017
[Last date for comments: April 15, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it. and This email address is being protected from spambots. You need JavaScript enabled to view it.]

 


Legal Updates

Income Tax:

DTAA with Singapore - Third Protocol [No.18]

Income Tax (3rd Amendment) Rules, 2017 [No.17]

Guidelines for waiver of interest charged u/s 201(1A) of the Income-tax Act, 1961 [Circular No.11]

Clarifications on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2) of the Income-tax Act, 1961 [Circular No.10]

 

IDS, 2016:

Petitions seeking condonation of delay in making payment of first instalment under IDS, 2016 [Order u/s 119]

 

SEBI:

Exclusively listed companies of De-recognized/Non-operational/Exited Stock Exchanges placed on the Dissemination Board

Circular on Schemes of Arrangement by Listed Entities and (ii) Relaxation under rule 19(7) of the Securities Contracts (Regulation) Rules, 1957

 

IRDA:

Solvency Margin [Circular]

Guidelines on Stewardship Code for Insurers in India

Guidelines and Annexure A

 

Customs:

Amendment to Notification No.12/2012-Customs, dated the 17th March, 2012 [No.10]

Seeks to order provisional assessment on imports of "1,1,1,2-Tetrafluoroethane or R-134a", originating in or exported from China [No.10(ADD)]

Seeks to impose anti-dumping duty on the imports of Indolinone originating in or exported from China [No.9(ADD)]

Amendment to Notification No.12/2012-Customs [No.9]

Inclusion of Hazira (Surat) Port in the list of ports mentioned in Export Promotion (EP) Schemes Notifications [No.8]

 

DGFT:

Amendment in export policy of edible oils [No.43]

Amendment in para 2.54 of the Handbook of Procedures, 2015-2020 [Public Notice No.63]

Amendments in Appendix 4J of Hand Book of Procedures 2015-20 and in General Notes for Chemicals and Allied Products of Standard Input Output Norms(SION) relating to Export Obligation Period under Advance Authorizations [Public Notice No.62]

Amendments in Chapter 4 of the Foreign Trade Policy 2015-20 [No.42]

Amendment in Para 2.17 of the Foreign Trade Policy 2015-20 on Imports and Exports to Democratic People`s Republic of Korea [No.41]

 



 

 

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Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Union Budget 2017

RBI Draft

IRDA Exposure Draft

Legal Updates

  • Income Tax
  • Black Money Tax
  • Company Law
  • SEBI
  • RBI
  • IRDA
  • Central Excise
  • Customs

 


Indian News:

Govt plans single online window for trade info

India Inc’s coffers opened up for political parties

9.29 lakh didn't respond to I-T queries, action will be taken: FM Jaitley

Cabinet greenflags amendments for cess removal ahead of GST

Relief for housing loan takers, Narendra Modi government’s interest subsidy scheme for MIG now effective from Jan 1

Linking Aadhaar with I-T returns to curb tax evasion: FM

CBDT enables PAN-application via SPICe

Roll-out of GST will make it even tougher to evade taxes: Jaitley

New accounting standards: Firms’ consolidated results may come under Sebi scanner

Now, Aadhaar a must to file income tax returns and apply for PAN card

Start-ups, some NBFCs demand exemption from thin capital provisions

GST on aerated drinks must be based on sugar content: Coca-Cola India chief

Govt to continue squeeze on cash deals with Rs.2-lakh cap

Income Tax Officer Booked For Demanding 65 Lakh Bribe

GST relief for exporters, some refunds to continue

Income Tax relief on money in single parent’s account may lead to tax evasion: Law panel

Govt mulls 100 percent FDI in insurance broking

GST all set for July 1 rollout but casts shadow on state budgets

Cabinet passes enabling GST laws

E-commerce firms to pay up to 1% TCS under GST

Defaulters beware! Sebi to auction jewellery, gold if you fail to pay up

Easing entry norms: Sebi mulls single window clearance for FPIs

CBDT chief prods taxmen to buck up, meet recovery target

FinMin okays capital infusion for 10 PSU banks

I-T dept makes public list of defaulters owing Rs 448 crore

Not many changes in GST rates say officials

Launch 'Keep in India' campaign for data protection: Ambani

Finally, GST is coming in July: A primer on India's biggest tax reform

Raids against petrol pumps launched by Income-Tax department in pan-India black money crackdown

Tax dept to calculate GST’s impact on inflation

Bankruptcy Code to take precedence over GST claims

Closed down airlines cause Rs 6,769 cr loss to govt banks

Govt may shuffle heads of some PSU banks

Rollback provision in new DTAA makes it less taxing for Korean firms in India

Cos have Rs.857 cr unclaimed dividend

Raising tax could be "retrograde" method: Jaitley

No proposal to replace Income Tax with BTT: Santosh Kumar Gangwar

DIPP in touch with Corporate Affairs Ministry to update start-up rules

Sebi asks clearing corps to upload past orders on website

GST Council approves key Bills

Income Tax dept fails to unearth black money despite information: CAG

Traders watch out! Centre mulls limiting cash deals at Rs 50,000 in bullion

CAG questions income tax deparment’s ability to probe shell companies

Green nod: violating units get 6 more months to apply

Hard cash being disclosed must exist on payment date: I-T dept

Govt to consider more oversight panels for NPAs: Jaitley

ICRA set to come out with first set of ratings under new approach for infra sector

 

International News:

New GASB Standard Addresses Wide Range of Practice Issues

FASB OKs Update to Defined Benefit Cost Reporting

 

Union Budget 2017:

Finance Bill 2017 passed in Lok Sabha

Arun Jaitley moves Finance Bill 2017 for passage in Lok Sabha

 


RBI Draft:

Draft Circular on Master Directions on Issuance and Operation of Pre-paid Payment Instruments (PPIs) in India
[Last date for comments: March 31, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it.]

 

IRDA Exposure Draft:

Exposure Draft of IRDAI (Preparation of Financial Statements of Insurers) Regulations, 2017
[Last date for comments: March 31, 2017]

 


Legal Updates

Income Tax:

Procedure of TAN application through SPICe (Form No.INC-32) of MCA

Clarification by CBDT on rollback provision in the revised India-Korea DTAA

Procedure of PAN application through Simplified Proforma for Incorporating Company Electronically (SPICe)

 

Black Money Tax:

Form V - Pradhan Mantri Garib Kalyan Deposit Scheme, 2016

 

Company Law:

The Companies (Indian Accounting Standards) (Amendment) Rules, 2017

 

SEBI:

Submission of accounts for debt securities issued under the SEBI (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015

Disclosures relating to regulatory orders and arbitration matters on websites of Clearing Corporations

Review of advertisement guidelines for Mutual Funds

Revised format for letter of Offer under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

 

RBI:

Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies

Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS), 2016 - Clarification

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2016-17)

Reporting and Accounting of Central Government Transactions of March 2017

 

IRDA:

Revision in Guidelines on Point of Sales Person – Non-Life and Health

 

Central Excise:

Classification of ‘Saree’ under CETA, 1985 [Circular No.1054]

 

Customs:

Regarding classification of leggings [Instruction No.4]

Rebate of State Levies (RoSL) on Export of made-up articles – Implementation by CBEC [Circular No.8]

Rate of exchange of conversion of the foreign currency with effect from 17th March, 2017 [No.22(NT)]

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver [No.21(NT)]

Seeks to order provisional assessment on imports of Phosphoric Acid originating in or exported from China [No.8(ADD)]

 



 

 

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Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

MCA eForms

Legal Updates

  • Income Tax
  • Service Tax
  • IRDA
  • Central Excise
  • SEBI
  • RBI
  • DGFT

 


Indian News:

Cabinet nod likely to double gratuity cap to Rs 20 lakh

Taxes under GST 'to increase a bit', says CBEC Chairman

GST: New rules will have impact on retail chains, restaurants and contractual farming

SBI announces one-time settlement scheme worth Rs 6,000 crore for tractor loans

RBI to now open up UPI for digital wallets like Paytm and MobiKwik

RBI removes limit on cash withdrawal, banks go back to pre-demonetisation era

Cash is back:Jolt of currency crunch not enough to digitise India

Corporate governance gets timely Sebi jog

Inquiry into GST's IT infra firm for alleged tax evasion still on: CBEC

CBDT wants to fast track prosecution cases against shell companies

Govt to initiate action against defaulters soon

Fear of retro returns? Tribunal upholds Rs 10,000-crore tax demand on Cairn

IRDAI says no mandatory listing of insurance companies

Demonetisation can't be a standalone reform measure: C Rangarajan

Govt depts sitting on graft probes, rlys on top: CVC

NBFC cash loan against gold restricted to Rs 25,000

Income Tax notice to 550 people for depositing over Rs 15 lakh, post demonetisation

Audit firms may see increased poaching beginning April this year

PMGKY: I-T asks blackmoney holders to make honest declarations

India and Belgium sign Protocol to amend DTAA

Sebi goes digital on all payments

Higher tax-free gratuity to benefit senior employees more

Supporting GST laws to be tabled on Mar 27

Cost accountants’ body to train 15 lakh traders in GST basics over the year

Internet companies may lose permit if service not started in 1 year

More brokers under Sebi scanner for 'dark fibre' linked trading on NSE

Arthur Anderson re-enters India, ties up with International Business Advisors

 

International News:

FASB updates standards for reporting on pensions and other post-retirement benefit plans

AICPA Issues Revised Going Concern Audit Standard

FASB proposes changes in accounting for nonemployee share-based payments

 


MCA eForms:

Updated on March 14, 2017

 


Legal Updates

Income Tax:

Clarifications on the Taxation and Investment Regime for PMGKY, 2016 [Circular No.8]

 

Service Tax:

Seeks to amend Notification No 25/2012-Service Tax, dated 20.6.2012 [No.10]

 

IRDA:

Investment in Units of Real Estate Investment Trusts (REIT) & Infrastructure Investment Trusts (InvIT)

Guidelines on insurance e-commerce

 

Central Excise:

Master Circular on Show Cause Notice, Adjudication and Recovery [Circular No.1053]

 

SEBI:

Circular on Schemes of Arrangement by Listed Entities and (ii) Relaxation under Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957

Redressal of complaints against Stock Brokers and Depository Participants through SEBI Complaints Redress System (SCORES)

SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017

 

RBI:

Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017

Disbursal of loan amount in cash

Inclusion of “The Royal Bank of Scotland plc” in the Second Schedule to the Reserve Bank of India Act, 1934

 

DGFT:

Harmonising MEIS Schedule in the Appendix 3B (Table-2) with ITC (HS), 2017 [Public Notice No.61]

 



 

 

logo3

Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

Budget 2017 News

MCA eForms

IRDA Drafts

AICPA Drafts

Legal Updates

  • Income Tax
  • MCA
  • DIPP
  • RBI
  • Customs
  • DGFT

 


Indian News:

Funds transferred from Provident Fund to National Pension System not taxable, says PFRDA

Relief for e-commerce companies, GST Council caps tax collected at source at 1%

DIPP to open registration for start ups from March 15

Panama papers leak: Supreme Court asks Centre to file reports in 4 weeks

New Trademark Rules: 5 things that have changed

New trademark rules cut number of forms from 74 to 8

Doing business gets easier, but India still among worst performers

FinMin calls for sunset clause for govt schemes

SC issues notice to Union of India on RBI's refusal to accept old Rs. 500, 1,000 notes

Centre open to rethink definition of startups: DIPP Secretary

Sebi needs to be tough but not disruptive: Former chief UK Sinha

Cos to have single form for EPFO

5% levy on small eateries, GST Council decides

Small biz not ready for GST, delay roll out till September: CAIT

GST Council approves draft CGST and IGST Bills

100% I-T sop to end for some NGO donations

If the GST Council makes GST any more onerous, or raises taxes, it may not be worth it

Most companies may be struggling with GST

Chawla committee report on audit rotation expected in March

CBEC asks tax officers to speed up GST migration

Benami Act violators to face double whammy of legal action

Bank NPAs: ARC to tackle bad loans unlikely as Narendra Modi govt opts for wait and watch policy

Government to soon announce relaxations in the Foreign Direct Investment

Exit non-core businesses, says Finance Ministry to state-owned banks

GST Bill to make peak tax rate 40%, slabs intact for now

CBDT issues new guidelines to officials investigating suspicious deposits post-note ban

Banks to levy Rs 150 after four cash transactions

Model GST Bill to go for 20% peak tax; slabs intact for now

Income tax returns: No tax on Rs 20 lakh gratuity for private employees

GST final draft to retain clause on services sector

RBI sets up panel to review cyber threats

 

International News:

UK watchdog finds auditors' quality controls lacking

 

Budget 2017 News:

Finance Bill will be passed in Parliament before March 31, says FM Arun Jaitley

 


MCA eForms:

Updated on March 7, 2017

 


IRDA Drafts:

Exposure Draft on Revision in Premium Rates for Motor Third Party Insurance Covers for the Financial Year 2017-18
[Last date for comments: March 18, 2017 to be sent to This email address is being protected from spambots. You need JavaScript enabled to view it. & This email address is being protected from spambots. You need JavaScript enabled to view it. ]

Exposure Draft on "Information and Cyber Security Framework for Insurance Sector"
[Last date for comments: March 15, 2017 to be sent to Shri.Mahesh Agarwal, DGM-IT at This email address is being protected from spambots. You need JavaScript enabled to view it. & copy to This email address is being protected from spambots. You need JavaScript enabled to view it. ]

 

AICPA Drafts:

Working Draft: Aerospace and Defense Revenue Recognition Implementation Issue
[Last date for comments: May 1, 2017]

Working Draft: Broker-Dealer Revenue Recognition Implementation Issue
[Last date for comments: May 1, 2017]

Working Draft: Broker-Dealer Revenue Recognition Implementation Issue
[Last date for comments: May 1, 2017]

Working Draft: Power & Utility Entities Revenue Recognition Implementation Issue
[Last date for comments: May 1, 2017]

Working Draft: Time-share Revenue Recognition Implementation Issue
[Last date for comments: May 1, 2017]

 


Legal Updates

Income Tax:

Issue of notice u/s 133(6) of the Income-tax Act, 1961 for verification of cash deposits under 'Operation Clean Money' [Instruction No.4]

 

MCA:

The IEPF Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017

Companies (Transfer of Pending Proceedings) Amendment Rules, 2017

 

DIPP:

The Trade Marks Rules, 2017

 

RBI:

Gold Monetisation Scheme

The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2017

Infrastructure Financing - Definition of 'Infrastructure Lending'

Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Policy Review

 

Customs:

Regarding classification of Selfie Sticks with or without Bluetooth [Instruction No.2]

Guidelines for launching of prosecution in relation to offences punishable under Customs Act, 1962 [Circular No.7]

The Courier Imports and Exports (Clearance) Amendment Regulations, 2017 [No.16(NT)]

Amendment to Notification No.62/1994-Customs (N.T.) dated 21st November, 1994 in respect of Revdanda Port in State of Maharashtra for the purpose of unloading of imported goods and loading of export goods or any class of such goods [No.15(NT)]

Rate of exchange w.e.f. March 3, 2017 [No.14(NT)]

Amendment to Notification No.09/2012-Cus reg. enabling authorised offices or agencies in India of the laboratories mentioned under para 4.74 of HBP 2015-20 [No.7]

 

DGFT:

Corrigendum to Notification No. 40/ 2015-2020 dated 23.02.2017

 



 

 

logo3

Check out the latest additions to CAalley ...

Updates were in the following categories:

Indian News

International News

MCA eForms

SEBI Draft

CBEC Draft

ICAI Exposure Draft

Legal Updates

  • Income Tax
  • Service Tax
  • MCA
  • SEBI
  • RBI
  • Central Excise
  • Customs
  • DGFT

 


Indian News:

CBDT enters into seven Advance Pricing Agreements

EPFO allows withdrawals from pension account without Aadhaar

States agree to roll out GST by July: Shaktikanta Das

India’s revised tax treaty with Singapore takes effect

India should cut corporate tax, go for inheritance levy: OECD

Sebi 'harsh' with defaulters and I don't regret that: Sinha

Sebi permits FPIs to invest in unlisted corporate bonds

Foreign regulators check on health of Indian banks

Sebi looking to imposing a bigger penalty for misuse of high-speed algo trades

96% traders enrol to migrate to Goods and Services Tax

Sebi for overhaul of board governance at listed firms

RBI to frame standard procedure for FDI approvals post FIPB

IRS officers seek PM’s intervention for smooth roll-out of GST

CBEC seeks exporters' feedback on drawback rates post GST

Democracy liberal enough in UK for defaulters to stay: Jaitley

120 fake accounts linked for VAT fraud

Cos with annual turnover of less than Rs.50 crore exempt from POEM: CBDT

Sebi's new grievance redressal method

Narendra Modi govt to launch 7th tranche of sovereign gold bonds on Monday

Income tax dept notifies amendments for sharing taxpayer information

Taxman scans companies with sudden rise in cash sales

Cash withdrawals to biz money: How taxmen will crosscheck deposit claims

Sebi eases norms for debt MF investment in housing finance companies

Five associate banks to merge with SBI from April 1

Oriental Insurance, National Insurance and United India Insurance likely to be merged to fetch better valuations

Bankers don't want a new NPA resolution plan

Sebi issues consultation paper to review stock exchanges norms

Tax Dept to go easy on deposits of up to Rs 5 lakh by those over 70 years

Taxman to scrutinise loan deposits under Operation Clean Money

Review tax on cash deals: Assocham

No amnesty for bank deposits linked to money laundering: CBDT

I-T dept sends prosecution showcause notices to 859 deductors

CSR spending helps rural masses to double their income, says Arun Jaitley

Expect a visit from taxman if you've ignored I-T dept's email

 

International News:

FASB updates accounting standards for employee benefit plans

Banks worried about FASB changes on credit losses

FASB Defines ‘In-Substance Non-financial Asset’ in New Standard

AICPA changes going concern audit standard

FASB updates standard on gains and losses from derecognizing nonfinancial assets

 


MCA eForms:

Updated on February 28, 2017

 


SEBI Draft:

Consultation Paper for Review of Regulations and Relevant Circulars pertaining to Market Infrastructure Institutions (MIIs) viz., Stock Exchanges, Depositories and Clearing Corporations
[Last date for comments: March 31, 2017]

 

CBEC Draft:

Suggestions from EPCs /Commodity Boards/ Trade & Industry Associations/ Chambers of Commerce on AIRs of duty drawback under GST
[Last date for comments: March 15, 2017]

 

ICAI Exposure Draft:

Guidance Note on Audit of Banks (2017 edition) [Published on February 27, 2017, 2016]

 


Legal Updates

Income Tax:

Standard Operating Procedure for handling Court matters in service litigation including vigilance related matters

Clarification for determination of Place of Effective Management (POEM) of a Company, other than an Indian Company [Circular No.8]

 

Service Tax:

Service Tax payable by way of admission to a museum [No.9]

 

MCA:

Section 391(2) closure of place of business by a Foreign Company [Circular No.1]

 

SEBI:

Investments by FPIs in corporate debt securities

Circular on Mutual Funds

SEBI (Foreign Portfolio Investors) (Second Amendment) Regulations, 2017

SEBI (Settlement of Administrative and Civil Proceedings) (Amendment) Regulations, 2017

Amendment pursuant to comprehensive review of Investor Grievance Redressal Mechanism

Prudential limits in sector exposure for Housing Finance Companies (HFCs)

 

RBI:

Master Direction – Money Transfer Service Scheme

Sovereign Gold Bonds, 2016-17 – Series IV - Operational Guidelines

Sovereign Gold Bonds 2016-17 – Series IV (Revised)

 

Central Excise:

Classification of articles of paper and printing industry [Circular No.1052]

 

Customs:

Acceptance of e-BRC of DGFT towards proof of realization of sale proceeds for exports with LEO date upto 31.03.2014 under drawback scheme [Circular No.6]

Exemption from drawal of samples for the purpose of grant of drawback to the AEO certificate holders [Circular No.5]

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver [No.13(NT)]

 

DGFT:

Amendment in Paragraph 4.34(i) of Chapter 4 of the Foreign Trade Policy (FTP) 2015-2020 [No.40]

Amendment in Para 4.44 of Chapte 4 of the Foreign Trade Policy(FTP) 2015-20 [No.39]