- Notification: Foreign Trade Policy:
Amendment in the list of Military Stores requiring NOC for export purposes
The Directorate General of Foreign Trade vide Notification No. 38/2015-2020 dated February 17,2017 has amended Category MS 007 in Export Licensing Note of Table A of Schedule 2 of ITC(HS) Classification of Export and Import Items, thereby excluding ‘Soft Skinned Vehicles’ from the purview of the list of Military Stores requiring No Objection Certificate (“NOC”) from Department of Defence Production for export purposes.
Read more at: http://dgft.gov.in/Exim/2000/NOT/NOT16/Noti3817.pdf
- Public Notice: Punjab VAT:
Extension of last date of e-filing of 3rd quarterly VAT return of FY 2016-17 upto February 24, 2017
The Punjab Government vide Public Notice dated February 20, 2017 has informed that last date for e-filing of VAT-15 (Return by a Taxable Person) for the 3rd Quarter of 2016-17 has been further extended upto February 24, 2017.
Earlier, the Government has extended the said date till February 20, 2017.
- Himachal Pradesh VAT Second Amendment Act 2016:
Assent of the Governor to the Himachal Pradesh Value Added Tax (Second Amendment) Bill, 2016
The Governor of Himachal Pradesh has given his assent to the Himachal Pradesh Value Added Tax (Second Amendment) bill, 2016 on February 14, 2017 (Now called as ‘the Himachal Pradesh Value Added Tax (Second Amendment) Act, 2016’ (“the HPVAT Act”).
The HPVAT Act has amended Section 56(3) of the Himachal Pradesh Value Added Tax Act, 2005 dealing with the provision relating to exception as regard non-disclosure of particulars/document etc., in the following manner:
Substitution of the word “and” for “or” in clause (i) at the end
- Insertion of clause (k) in Section 56(3) which deals with the disclosures on which Section 56 (dealing with ‘returns etc., to be confidential’) will not be applicable-
With effect of insertion of clause (k) in Section 56(3), officer of the State Government can share relevant data in respect of statement, return etc. with Central Board of Excise & Custom (“CBEC”) etc. for the purpose of higher and effective realization of revenue. The said sharing will be in accordance to Memorandum of Understandings entered between the State Government and CBEC.
Further, the State Government may in revenue interest allow sharing of information of any such particulars in respect of any such statement, return etc. with any other Department of the State or the Central government.