Daily Archives: June 3, 2016

Solvency Certificate equal to duty amount for storage in private bonded warehouse required :CBEC

By | June 3, 2016

Requirement of Solvency Certificate for the purposes of Private Warehouse Licensing Regulations 2016 Circular No. 24 /2016 – Customs F. No. 484 / 03 / 2015 – LC (Vol II) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs ****** New Delhi, the 2 nd June 2016 To, All… Read More »

New ports to allow import/export under EP schemes

By | June 3, 2016

Adds new ports in EP notifications to allow import/export under EP schemes from these ports 36/2016-Cus,dt. 01-06-2016 Related Post Security under section 59 (3) of the Customs Act 14 New Airports in India Railways for Port Connectivity to Boost Country’s Imports and Exports Govt Notify Land Ports Authority of India (Fees and Other Charges) Regulations,… Read More »

Draft National Water Framework Bill ; suggestions invited

By | June 3, 2016

Suggestions invited on Draft National Water Framework Bill and Draft Model Bill for Conservation, Protection, Regulation and Management of Ground Water Ministry of Water Resources, River Development and Ganga Rejuvenation has uploaded the draft national water framework bill and draft model bill for conservation, protection, regulation and management of ground water on its website (http://mowr.gov.in).… Read More »

Enemy Property (Amendment and Validation) Third Ordinance, 2016

By | June 3, 2016

Republication of Enemy Property (Amendment and Validation) Third Ordinance, 2016 (6 of 2016) in the State Gazettes Law & Justice Ministry has informed the State Governments that the Enemy Property (Amendment and Validation) Third Ordinance, 2016 (6 of 2016) has been promulgated by the President on 31st May, 2016 and published in the Gazette of… Read More »

Designated authority under Direct Tax Dispute Resolution Scheme

By | June 3, 2016

LETTER [F.NO.279/MISC/M-61/2016, DATED 1-6-2016 The Direct Tax Dispute Resolution Scheme 2016 (hereinafter referred to as the Scheme) introduced vide Finance Act, 2016 (28 of 2016), provides to the “declarant” a mechanism to resolve disputes pending before Commissioners of Income Tax (Appeals) as on 29-2-2016 and pertaining to “disputed tax”and/or “specified tax”. 2. The Scheme also… Read More »