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
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Public Notice

Government of India vide notification No. G.S.R.191 (E) dated 26 th March has issued Narcotics Drugs and Psychotropic Substances (Regulation of Controlled Substances) Order 2013 by which export and import of controlled substances mentioned in its schedule ‘B' and ‘C' require No Objection Certificate from Narcotics Commissioner, Gwalior prior to export/import of these substances. Methyl Ethyl Ketone (MEK) is one of them.

This has come to the notice of this Bureau that the firms are importing Methyl Ethyl Ketone (MEK) without obtaining No Objection Certificate (NOC) from the Narcotics Commissioner, Gwalior. All the Importers are therefore again reminded that prior to the import of the substances mentioned in Schedule ‘C' of the said order shall apply and obtain NOC from the Narcotics Commissioner to avoid legal action. The firms intending to import MEK must apply for obtaining NOC with copy of agreement/contract/purchase order confirmation with the overseas seller. After obtaining the NOC the importer should start process of import. The importing of the material without obtaining NOC from the Narcotics Commissioner, Gwalior is illegal and liable to be seized under the provisions of the Narcotics Drug and Psychotropic Substances Act 1985. This applies to all the substances covered under the schedule ‘B' and ‘C' of the Narcotics Drugs and Psychotropic Substances (Regulation of Controlled Substances) Order 2013.

 

Central Bureau of Narcotics
19, The Mall Morar, Gwalior (M.P)
Ph. No. 0751-2368996/ 7
Fax: 0751- 2368111/ 577
e-mail: narcommr@cbn.nic.in