Category - Finance

Govt. notifies Securities Contracts (Regulation) (Amendment) Rules, 2018

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 24th July, 2018 G.S.R. 675(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely:— 1. Short title… Read More

Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2018 notified

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th May, 2018 G.S.R. 456(E).—In exercise of the powers conferred by sub-section (1) read with clause (i), clause (j), clause (jj) and clause (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government in consultation… Read More

Govt. invites comments on draft Notification under section 112A as inserted by Finance Act, 2018 by 30th April, 2018

The Finance Act, 2018 has withdrawn the exemption under clause (38) of Section 10 of the Income-tax Act, 1961 (the Act) and has introduced a new section 112A in the Act, to provide that long term capital gains arising from transfer of a long-term capital asset being an equity share in a company or a… Read More

Govt. waives levy of additional duty of customs to jute importers from Nepal

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 30/2018-Customs (N.T) New Delhi, the 4th April, 2018 G.S.R. (E).- In exercise of the powers conferred by section 28A of the Customs Act, 1962 (52 of 1962) the Central Government on being satisfied that there was a general… Read More

CBIC increases tariff rate of BCD on Whey products

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 10th April, 2018 No. 43/2018-Customs G.S.R. 357(E).—Whereas the Central Government on being satisfied that the import duty leviable on goods falling under heading 0404 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), should be increased and that circumstances exist which… Read More

Govt. amends Not. 50/2017-Customs to maintain effective rate of BCD on Whey products

NOTIFICATION New Delhi, the 10th April, 2018 No. 44/2018-Customs G.S.R. 358(E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary… Read More

Finance Act 2018 to be effective from 1st April, 2018

THE FINANCE ACT, 2018 NO. 13 OF 2018 [28th March, 2018.] An Act to give effect to the financial proposals of the Central Government for the financial year 2018-2019. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:— CHAPTER I PRELIMINARY 1. (1) This Act may be called… Read More

Govt. clarifies applicability of Not.No. 2/2018-Central Excise dt. 2nd February, 2018

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 18/2018-Central Excise New Delhi, the 23rd February, 2018 G.S.R. (E). - In exercise of the power conferred by sub-section (2A) of section 5A of the Central Excise Act, 1944… Read More

Govt. clarifies applicability of No. 1/2018-Central Excise Dt. 2nd February, 2018

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 23rd February, 2018 No. 17/2018-Central Excise G.S.R. 183(E).—In exercise of the power conferred by sub-section (2A) of section 5A of the Central Excise Act, 1944 ( 1 of 1944), read with section 111 of the Finance (No.2) Act, 1998 (21 of 1998), the Central Government… Read More

Cabinet approves New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018

In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to introduce the following bills in the Parliament:- (a) Banning of Unregulated Deposit Schemes Bill, 2018 in parliament & (b) Chit Funds (Amendment) Bill, 2018   The Banning of Unregulated… Read More

Cabinet approves proposal for Amendment to the MSME Development Act, 2006

Cabinet approves proposal for Amendment to the Micro, Small and  Medium Enterprises Development Act, 2006 to change the criteria of classification and to withdraw the MSMED (Amendment) Bill, 2015 – pending in Lok Sabha  The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved change in the basis of classifying Micro, Small… Read More

Govt. extends date for linking of Aadhar, PAN or Form 60 till 31st March 2018

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 13th December, 2017 G.S.R. 1509(E).—In pursuance of clause (a) and clause (c) of sub-rule (17) of rule 9 of the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, the Central Government hereby notifies the 31st March, 2018 or six months from the date of commencement… Read More

Govt. notifies PML (Maintenance of Records) Seventh Amendment Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 12th December, 2017 G.S.R. 1506(E).—In exercise of the powers conferred by sub-section (1) read with clause (i), clause (j), clause (jj) and clause (k) of sub-section (2) of section 73 of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government in consultation… Read More

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