In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes& Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of … Read more
Introduction: With the development of technology and globalization of businesses, Multinational enterprises (MNEs) have started designing their business operations in a way to minimize their global tax cost through making effective use of tax rules and applicable exemptions available under tax treaties. However, on the other hand, International Tax Rules have not been able to … Read more
FAQ Q1. What is the technical requirement for filing an IEC? A valid PAN Valid Mobile Number and Email ID. Scanned copy of the documents to be uploaded. Q2. How to apply for new IEC application? On the DGFT website under Quick links select Apply for New IEC/Modify existing IEC. Enter PAN and press Search … Read more
(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification 40/2015-20 New Delhi, Dated : 15 February, 2016 Subject: Amendment in export policy of Pulses. S.O.(E) In exercise of the powers conferred by Section 5 of … Read more
Preface:- The Budget, 2016 brought about a series of changes in various sectors of the industry. In this article we will focus on the various changes made through notification No. 32/2016 – Customs (N.T.). This notification has been issued to supersede the existing Customs (Import of Goods at Concessional Rate of Duty for Manufacture of … Read more
Introduction:- Budget 2016 has been introduced and with it has come many amendments and changes in the law. One such change is with respect to the services by way of transportation of goods by an aircraft or a vessel. The amendments made in it are effective from 1.6.2016 and will impose additional fiscal burden on … Read more
(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section ii) Notification No. 29 /2015-20 Subject:- Export Policy of Onions- Removal of Minimum Export Price (MEP) on Onions. 2. Para 2 of Notification No. 26 dated 11.12.2015 is amended to read as: “Export of onion for the item … Read more
(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 26/2015-20 New Delhi, Dated: 11th December, 2015 Subject:- Export Policy of Onions- revision in Minimum Export Price (MEP). S.O. (E) In exercise of powers conferred … Read more
TO WHOM SOEVER IT MAY CONCERN We hereby confirm that we have examined the prescribed register and also relevant of record and audited accounts of M/S. XYZ At: ADDRESS, PIN—— for the Period of 2014-2015. 1- M/S. XYZ have made the following Export in the Preceding one licensing Year. 2- The following Documents/Record have been furnished … Read more
Government has made the following changes in indirect tax rates, effective from today, that is 19th October, 2015: 1) In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this financial year, basic customs duty on wheat has been increased from … Read more