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News –24 April 2019

 

 

 

What's New...

 

Import of 175K MT Pigeon Peas (Chana) and other Pulses from Mozambique under MoU Allowed in 2019-20

Ban on Milk and Milk Products Import from China Extended Until the Capacity of Laboratories at Ports of Entry Suitably Upgraded for Testing Melamine

Filing of Application for Revocation of Cancellation of Registration – Procedure Detailed

Utilization of Input Tax Credit under GST in New Rules 88A

·       Wait for Software Upgradation

Presently, the common portal supports the order of utilization of input tax credit in accordance with the provisions before implementation of the provisions of the CGST (Amendment) Act i.e. pre-insertion of Section 49A and Section 49B of the CGST Act. Therefore, till the new order of utilization as per newly inserted Rule 88A of the CGST Rules is implemented on the common portal, taxpayers may continue to utilize their input tax credit as per the functionality available on the common portal.

New Rule 12 to Come Effect from 21 June 2019

Self-Assessed Tax in Form GST CMP-08 of the CGST Rules, 2017 – Quarterly Statement Last Date till the 18th Day of the Month Succeeding such Quarter

·    Annual Return in Form GSTR-4 of the CGST Rules, 2017 on or before 30th Day of April following the end of such Financial Year

Revocation of Cancellation of Registration Returns within 30 days from Order Date

UN Organisations Statement on Food Safety

Brexit Extension to Oct Discussed in WTO

 

20.04.2019

Online Facility for ETA through Self-Declaration on SARAL SANCHAR Portal

·     From 1 May, No Request for Email Procedure will be Entertained

New EPR Checklist

Rupee Falls by 95 paise against Dollar to Rs. 70.40 w.e.f. 19 April 2019

 

18.04.2019

DGFT Invites Online Applications from Millers and Refiners for Pulses Import Quota Allocation

·     Tur/Arhar, Urad, Moong and Matar Covered

Anti-dumping Duty on Paracetamol from China Rescinded

·     No Significant Injury to Domestic Industry Noticed in Sunset Review

EU Wants Standard Equivalence with India

·     India Emerges as Net Importers of Steel

 

17.04.2019

Only Address Proof and Cancelled Cheque Required for IEC

·     Five percent Applications subject to Checking by Regional DGFT

·    15 Days’ Time to Rectify Deficiencies

Opening of Foreign Currency Accounts by Re-insurance and Composite Insurance Brokers

Tariff Value of Palm Oil, Palmolein, Gold and Silver, Brass Scrap, Areca Nuts and Poppy Seeds Notified

Exports Grow to Five Month High of 11% in March 2019

FIEO Happy Over Exports Hitting $331 bn this Year

 

 

 

BIG’s Easy Reference
Customs Tariff 2018-19 Vol. I

IMPORTS with IGST

With Free

Supplement

(Covering Four Month Period Oct 2018 to Jan 2019)

42st Budget Edition

October 2018

Author: Arun Goyal

ISBN: 978-81-86234-64-8

Rs. 1990

 

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Released on 9 February 2019

SUPPLEMENT

(Covering the Four Month Period Oct 2018 to Jan 2019, including Interim Budget 2019)

Big’s Easy Reference Customs Tariff Vol. I

IMPORTS with IGST

42nd Edition

October 2018

Author: Arun Goyal

ISBN: 978-81-86234-64-8

Rs. 150

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BIG’s Easy Reference Customs Tariff Val. II

EXPORT of Goods and Services

2nd Edition

Author: Arun Goyal

ISBN: 978-81-86234-66-2

Rs. 1250

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Last Updated on 24-04-2019