DAY TO DAY NOTIFICATIONS (PAPERLESS OFFICE)

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DAY TO DAY NOTIFICATIONS

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SHAKUN TIMES FORTNIGHTLY MAGAZINE

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Government has Prohibited import of milk and milk products (including chocolates and chocolate products and candies/confectionary/food preparations with milk or milk solids as an ingredient) from China is extended for a further period of six months, i.e., till 23.12.2018 . . . . . .DGFT has issued a Trade Notice that w.e.f. 21.06.2018 applicants seeking import/export license from DGFT for “restricted" items, having paid the applicable fees, will submit online application to the concerned jurisdictional authority and subsequently send their application through email to either import-dgft@nic.in (for import licenses) or export-dgft@nic.in (for export licenses) as the case may be, along with proof of the application fee paid; besides attaching the necessary documents for processing the case......CUSTOMS EXCHANGE RATES W.E.F. 22,6,2018 - DGFT issued a Circular - Clarification on SEIS benefits to Steamer Agents, . . . CBIC prescribes effective rate of duty on specified goods vide Notification No. 49/2018 Customs . . AND CBIC Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule to the Customs tariff Act, 1975 . . . . . RBI issued Circular reg. Control measures for ATMs – Timeline for compliance and also instructed to all agency banks disbursing pension are advised to provide considerate and sympathetic customer service to the pensioners, specially to those pensioners who are of old age. . . . AND Government issued a GST Circular No. 49/23/2018-GST - (21/06/2018) - and clarified that only such goods and/or conveyances should be detained/confiscated in respect of which there is a violation of the provisions of the GST Acts or the rules made thereunder…..

EXPORT/ IMPORT
DGFT NOTIFICATION No. 14- Dated 22.6.2018 - Reg. Prohibition on import of milk and milk products from China.
CORPORATE AFFAIRS
NOTIFICATION Dated 21st June, 2018 Issued by Company Affairs CORRIGENDUM to notification dated 13.6.2018
CUSTOMS
Customs Notification No. 57/2018-NT Dated 22-6-2018 Seeks to Amend Notification No. 51/2010-CUSTOMS-NT Dated 30th June, 2010.
CUSTOMS
Customs Notification No. 56/2018-NT Dated 22-6-2018 Intellectual Property Rights (Imported Goods) Enforcement Amendment Rules 2018
TRADE NOTICES
TRADE NOTICE No. 18 - Dated 20.6.2018 - Reg. Submission of application seeking authorization for import/export of restricted items through e-mail
CUSTOMS
CUSTOMS Exchange rates w.e.f. 22.6.2018
GST
GST Circular No. 49/23/2018-GST - (21/06/2018) - it is clarified that only such goods and/or conveyances should be detained/confiscated in respect of which there is a violation of the provisions of the GST Acts or the rules made thereunder.
FEMA
RBI CIRCULAR dated 21st June 2018 Customer Service provided by agency banks All agency banks disbursing pension are advised to provide considerate and sympathetic customer service to the pensioners, specially to those pensioners who are of old age.
FEMA
RBI CIRCULAR dated 21st June 2018 Control measures for ATMs – Timeline for compliance
CUSTOMS
CUSTOMS Notification No. 49 dated 20.06.2018 CBIC prescribes effective rate of duty on specified goods vide Notification No. 49/2018 Customs
CUSTOMS
CUSTOMS Notification No. 48 dated 20.06.2018 CBIC Seeks to increase the tariff rate on goods in chapters 7, 8, 28, 38, 72 and 73 in the First Schedule to the Customs tariff Act, 1975 .
EXPORT/ IMPORT
DGFT POLICY CIRCULAR No. 8/2015-20; Dated 21st June, 2018 Clarification on SEIS benefits to Steamer Agents, etc. The Actual service provider whether it is the Port Trust, or any other entity is required to get a certificate of receipt of payment for the particular service, from the entity which had received the foreign exchange earnings (or INR payments as allowed under the scheme) in its account in India.
EXPORT/ IMPORT
DGFT NOTIFICATION No. 13/2015-2020; Dated 20th June, 2018 Amendment in Foreign Trade Policy 2015-20. Paragraph 4.29 (vi) and Para 4.29(vii) of Foreign Trade Policy 2015-20 is replaced enabling exporters to file single DFIA application for exports made from any EDI port and separate applications for export made from each non-EDI port.
EXPORT/ IMPORT
DGFT NOTIFICATION No. 12/2015-2020; Dated 20th June, 2018 Supply of essential commodities to the Republic of Maldives Export of Potatoes, Onions, Rice, Wheat Flour, Sugar, Dal and Eggs has been permitted to the Republic of Maldives under bilateral trade agreement between Government of India and Government of Maldives during the period 2018-19 w.e.f. April, 2018
EXPORT/ IMPORT
DGFT PUBLIC NOTICE No. 14 dated 20.06.2018 Notifying office address of DGFT and its Regional Authorities and their jurisdiction and Private SEZs of Appendix 1A of Foreign Trade Policy, 2015-20.
CUSTOMS
ANNEXURE TO CUSTOMS CIRCULAR No. 20/2018-Customs Dated 20th June, .2018 Cigarettes and other Tobacco products (Packaging and Labelling), Second Amendment Rules, 2018
CUSTOMS
CUSTOMS CIRCULAR No. 20/2018-Customs Dated 20th June, .2018 Cigarettes and other Tobacco products (Packaging and Labelling), Second Amendment Rules, 2018
INCOME TAX
INCOME TAX Notification No. 28/2018 Dated 18.6.2018 Central Government specified the “Indian Railway Finance Corporation Limited 54EC Capital Gains Bond” issued by Indian Railway Finance Corporation Limited u/s 193 (iib)
INCOME TAX
INCOME TAX Notification No. 27/2018 dated 18.6.2018 The Central Government specified the “Power Finance Corporation Limited 54EC Capital Gains Bond” issued by Power Finance Corporation Limited u/s 193 (iib)
CORPORATE AFFAIRS
Notification dated 18th June, 2018 Issued by Ministry of Corporate Affairs Companies (Accounting Standards) Amendment Rules, 2018
CUSTOMS
CUSTOMS NOTIFICATION No. 54/2018-CUSTOMS (NT), Dated 19th June, 2018 CUSTOMS Exchange Rate of South African Rand revised w.e.f. 20.6.2018
RBI (AP DIR SERIES CIRCULARS)
A.P. (DIR SERIES) CIRCULAR No. 32 19th June, 2018 Liberalised Remittance Scheme – Harmonisation of Data and Definitions it has been decided that furnishing of Permanent Account Number (PAN), which hitherto was not to be insisted upon while putting through permissible current account transactions of up to USD 25,000, shall now be mandatory for making all remittances under Liberalised Remittance Scheme (LRS).
GST
CGST NOTIFICATION No. 28/2018 - Central Tax Dated 19th June, 2018 Central Government amend the Central Goods and Services Tax Rules, 2017
FEMA
RBI CIRCULAR Dated 19th June, 2018 Priority Sector Lending – Targets and Classification The housing loan limits for eligibility under priority sector lending will be revised to ? 35 lakh in metropolitan centres and ? 25 lakh in other centres, AND construction of houses for Economically Weaker Sections (EWS) and Low Income Groups (LIG), is revised to ? 3 lakh per annum for EWS and ? 6 lakh per annum for LIG.
CORPORATE AFFAIRS
NOTIFICATION Dated 12th June, 2018 - MINISTRY OF CORPORATE AFFAIRS Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009 Every individual who has been allotted a DPIN or DIN under these rules, shall in the event of any change in his particulars, make an application in Form DIR-6 under Companies (Appointment and Qualifications of Directors) Rules, 2014 to intimate such change(s) to the Central Government within a period of thirty days
ANTI DUMPING
PRESS RELEASE - Government seeks to make CHANGES PROPOSED IN ANTI- DUMPING RULES - All stakeholders are advised to offer their comments/ suggestions on these proposed changes. Comments / suggestions should be mailed at policy-dgtr@gov.in latest by 25th June, 2018.
CUSTOMS
CUSTOMS CIRCULAR No. 19/2018-Customs, Dated 18th June, 2018 Electronic sealing - Deposit in and removal of goods from Customs bonded Warehouses
SEBI
SEBI CIRCULAR - IMD - CIR- 101 - Dated 15.6.2018 - Reg. Review of Investment by Foreign Portfolio Investors (FPI) in Debt
ANTI DUMPING
ANTI DUMPING DUTY NOTIFICATION Dated 14th June, 2018 Initiation of Anti-Dumping investigation concerning imports of “Saccharin" originating in or exported from Indonesia.
FEMA
RBI CIRCULAR No. FMRD.DIRD.9 /14.01.020/2017-18 Dated 14th June , 2018 Interest Rate Options in India
FEMA
RBI CIRCULAR No. DBR.No.BP.BC.113/21.04.048/2017-18 Dated 15th June, 2018 Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)
FEMA
RBI CIRCULAR RBI/2017-18/195 No. DBR.No.BAPD.BC.111/22.01.001/2017-18 Dated 14th June, 2018 Branch Authorisation Policy – Left Wing Extremism affected districts –REVISED LIST
RBI (AP DIR SERIES CIRCULARS)
A.P. (DIR SERIES) CIRCULAR No. 31 RBI/2017-18/199 Dated 15th June, 2018 Investment by Foreign Portfolio Investors (FPI) in Debt – Review
EXPORT/ IMPORT
CORRIGENDUM to Public Notice No. 09/2015-2020 Dated 14.05.2018 Dated 14th June, 2018
DRUGS
DRUGS NOTIFICATION - DATED 12.6.2018
DRUGS
DRUGS NOTIFICATION - DATED 12.6.2018
DRUGS
DRUGS NOTIFICATION - DATED 12.6.2018
GST
CGST Circular No. 48 dated 14th June 2018 Circulars clarifying miscellaneous issues related to SEZ and refund of unutilized ITC for job workers
CUSTOMS
CUSTOMS NOTIFICATION No. 53/2018-CUSTOMS (N.T.) Dated 14th June, 2018 Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
CUSTOMS
CUSTOMS NOTIFICATION NO.47 seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to increase basic customs duty (BCD) to 35% on crude edible vegetable oils and to 45% on refined edible vegetable oils