Wednesday, 16 May 2018

Increased validity applicable to all Chapter 3 scrips irrespective of policy period, clarifies DGFT


DGFT issues clarification on the applicability of Public Notice No. 33 dated October 23, 2017 which increased validity of duty credit scrips issued under Chapter 3 of FTP on or after January 1, 2016; Accordingly, states that such extension of validity applies to all Chapter 3 scrips respective of the Policy period; Also informs that such scrip holders are not required to approach the Regional Authorities for any amendment in the validity period : DGFT Trade Notice 

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GST Not Leviable on Transfer of Leasehold Rights of MIDC Plots: SC Dismisses Revenue’s SLP

  In a significant development, the Supreme Court has dismissed the Revenue’s Special Leave Petition (SLP) challenging a Bombay High Court (...