News Update

GST - Coffee beans processing units in trouble; seek exemptionGST Council also approves several amendments in CGST RulesGST Council grants mega relief to healthcare services & clarifies rates for many ServicesCX - Claim of assessee that as soon as they paid tax, same became credit in their account is misplaced - Law as it existed at time of taking credit would be applicable: CESTATI-T - Finance cost incurred on overdraft obtained from bank, which is advanced to sister concern for no business purpose, is not allowable business loss: ITATCX - If insurance cover in respect of which credit has been claimed is exclusively in respect of injuries or damages to factory employee, then credit would be admissible: CESTATSteering clear of Anti - Profiteering chargesIssues affecting Credit Card Industry – Budget 2018 should provide solutionsGovt amends Passport Rules to substitute certain documents to be attached under Tatkal & non-Tatkal schemesGST Council extends last date for migrated taxpayers to surrender registration upto March 31, 2018 + reduces penalty for late filing of GSTRs + decides to amend e-Way Bill rulesGST Council reduces tax rate from 28% to 18% on used motor vehicles + from 18% to 12% on sugar boiled confectionary, drinking water packed in 20 litre bottles, bio-diesel and bio-pesticides + from 18% to 5% on components required for satellite launch + LPG supplied for domestic consumption + from 12% to 5% on velvet fabric + from 3% to 0.25% on diamonds & precious stonesGST Council decides to exempt RTI-related services + reduces rate on construction of metro projects to 12% + 5% without ITC on housekeeping service through ECO + 5% rate on tailoring service + 18% rate now on entry ticket to water parks or theme parksGST on Services - ITC allowed to tour operators in same line of business + hikes exemption limit to Rs 7500 per month for Resident Welfare Members + exempts legal services provided to Governments & Govt entities + Rate reduced on transportation of petroleum products to 5% + Rate on job work services to leather and footwear reduced to 5% + exempts transport service provided to educational institutionsGST Council shifts focus on anti-evasion measures; Tax rates reduced on 29 goods & 53 ServicesGST Council decides to divide Rs 35000 Crore IGST collections between Centre & States, provisionally17 lakh Composition taxpayers paid only about Rs 307 Crore; Council expresses disappointmentLegislative changes - Council receives demand to introduce Sec 9(4) only for Composition taxpayersGST Council accepts Fitment Committee recommendations to reduce rates on 29 goods + 53 services; New rates to come into force from Jan 25GST Council accepts Sarna Committee report on handicraft items; Fitment Committee to decide tariff for 40 such itemsGST Council finally decides to stop at uploading of Sale Invoices in GSTR-3B till alternative is worked out and approved at next meeting through video conferencing + e-Way Bill - 15 States to roll out intra-State system on Feb 1, 2018SC terms States’ ban on Padmavat illegal after certification by Central BoardFinancial Year should roll out on Jan 1 rather than on April 1: Sushil ModiHyderabad DRI seizes Saudi & Omni Riyals worth Rs 1 Crore from pax heading for DubaiBihar CM wants Jaitley to hike Sec 80C limit to Sec 2 lakh + general exemption limit to Rs 3 lakhCentre to release Rs 1000 Cr more to AP Govt for its Amaravati projectTripura to go to polls on Feb 18; Nagaland + Meghalaya on Fe 27: Election CommissionGST Council is quite sensitive to exporters' problems, says Vice PresidentJaitley holds Pre-Budget talks with State FMs before Council Meet
Untitled Document

[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I, SECTION-I]

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
NEW DELHI

PUBLIC NOTICE NO

55/2015-2020, Dated: January 18, 2018

Subject: Enlistment under Appendix 2E of M/s Asian Exporters' Chamber of Commerce and Industry (AECC&I) - Authorized to issue Certificate of Origin (Non-Preferential) - reg.

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy 2015-2020, the Director General of Foreign Trade hereby authorize M/s Asian Exporters' Chamber of Commerce and Industry (AECC&I) to issue Certificate of Origin (Non Preferential):

M/s Asian Exporters' Chamber of Commerce and Industry (AECC&I)
604, 6th Floor, Hilton Centre
Plot No. 66, Sector 11, CBD Belapur
Navi Mumbai-400614, Maharashtra
Tel. No.022-41271145/46
Fax No.022-41271147
E-mail: info@aecci.org.in
Website: www.aecci.org.in

2. Accordingly, name of the above agency is added at Serial No.32 (Maharashtra) of Appendix 2E [List of Agencies Authorized to issue Certificate of Origin (Non-Preferential)] to Appendices & Aayat Niryat Forms of FTP 2015-2020.

3. Effect of this Public Notice:

M/s Asian Exporters' Chamber of Commerce and Industry (AECC&I) is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential).

[Issued from F.No.01/93/180/23/AM-16/PC-2(B)]

(Alok Vardhan Chaturvedi)
Director General of Foreign Trade

 

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-I, SECTION-I

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
DIRECTORATE GENERAL OF FOREIGN TRADE
NEW DELHI

PUBLIC NOTICE NO

54/2015-2020; Dated: January 18, 2018

Subject: Change of Office Address (location) of India Industries Association (IIA) to authorize their firm as an agency to issue Certificate of Origin (Non-Preferential)-reg.

In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy 2015-2022, the Director General of Foreign Trade hereby makes the following amendment in the List of Agencies Authorized to issue Certificate of Origin (Non Preferential) given under Appendix - 2E of Appendices and Aayat Niryat Forms of Foreign Trade Policy 2015 - 2020:

Old address
New address
Indian Industries Association
H.NO.L-323/A, NH-8
Mahipalpur Extn. New Delhi-110037
Website: www.iiaonline.in
Email: iia@iiaonline.in
Indian Industries Association
RZA 71, Road No. 2
Mahipalpur Ext. New Delhi-110037
Website: www.iiaonline.in
Email: iia@iiaonline.in

2. Effect of the Public Notice: New office address of Indian Industries Association of India (IIA) is notified.

[Issued from F.No. 01/93/180/16/AM-12/PC-2(B)]

(Alok Vardhan Chaturveti)
Director General of Foreign Trade