Legal Updates - Corporate Law Reporter

CBDT amends Income Tax Rules w.r.t. section 115 JB of the Income tax Act, 1961

MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 18th August, 2017 INCOME-TAX G.S.R. 1028(E).—In exercise of the powers conferred by sub-section (4) of section 115JB read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More

CBEC releases Draft on Customs Brokers Licensing and Revocation Regulation

[To be published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii)] Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ****** Notification No. ___/2017-Customs (N.T.) New Delhi, the ___August, 2017 In exercise of the powers conferred by sub-section (2) of section 146 of the Customs Act,… Read More

Govt. amends notification no. -83/2012- Customs (N.T.) dated 17.09.2012

[To be published in the gazette of India, extraordinary, Part II, section 3 , Sub-section (ii)] Government of India Ministry of Finance (Department of Revenue) Notification No.80/2017- Customs (N.T.) New Delhi, dated 17th August, 2017 S.O.(E).- In exercise of the powers conferred by the first proviso to sub-section (2) of section 47 of the… Read More

CBEC imposes Anti dumping duty on import of Textured Toughened (Tempered) Glass from china

[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. 38/2017-Customs (ADD) New Delhi, the 18th August, 2017 G.S.R. (E).- Whereas in the matter of Textured Toughened (Tempered) Glass with a minimum of 90.5% transmission having thickness not exceeding… Read More

CBEC amends NOT. No. 60/2011-Cus to renew MoU on India-Bangladesh border haats

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 73/2017-Customs New Delhi, the 18th August, 2017 G.S.R. ____ (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962),… Read More

DVAT filing of online return for Q1 of 2017-18 extended till 1st Sept 2017

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P.ESTATE, NEW DELHI-110 002 No.F.7(420)/VAT/Policy/2011/PF-671-76 Date: 17/08/2017 CIRCULAR NO. 13 of 2017- 18 Sub: Filing of online return for First quarter of 2017-18 – extension of period thereof. In partial modification to this department’s Circular No. 11 of 2017-18 on… Read More

RBI Introduces 50 banknote in Mahatma Gandhi (New) Series

RBI Introduces 50 banknote in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage. The… Read More

CBEC notifies Exchange Rate of Foreign Currency Relating To Import and Export Goods effective from 18 August 2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 81/2017 - Customs (N.T.) New Delhi, dated the 17th August, 2017 26 Shravana 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification… Read More

Govt. amends notification relating to AIRs of Duty Drawback on Gold Jewellery, Silver Jewellery and Silver Articles

[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. 79/ 2017 - CUSTOMS (N.T.) New Delhi, 17th August, 2017 G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act,… Read More

Dr. (Ms.) Mamta Suri takes charge as Executive Director, Insolvency and Bankruptcy Board of India

Dr. (Ms.) Mamta Suri takes charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI). Dr. (Ms.) Mamta Suri took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi today. Before joining IBBI, Dr. Suri was serving as Chief General Manager, Insurance Regulatory Development Authority of India. Dr. Suri… Read More

Clarification on submitting bank certificate evidencing receipt of payment in freely convertible currency :CBEC

Circular No. 1058/07/2017-CX F. No.201/08/2010-CX 6 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the 16th August, 2017 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners of Central Tax & Central Excise (All) Web-master, CBEC Madam/Sir, Sub: Clarification on requirement of submitting Bank certificate… Read More

MCA invites comments on Draft Companies (Cost Records and Audit) Amendment Rules

Government of India Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (COST RECORDS AND AUDIT) AMENDMENT RULES, 2017 Dated: 11th August, 2017 Pursuant to implementation of IndAS, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to bring parity between financial records and cost records. Accordingly, the Draft Companies… Read More

CBEC amends Notification No. 45/2001-CE (NT) dated 26 June, 2001

[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) New Delhi, the 16th August, 2017 NOTIFICATION No. 25 / 2017 - Central Excise (N.T.) G.S.R.___ (E). - In exercise of the powers conferred by sub-rules (1) and (3) of rule… Read More