Notifications of September 2019

·        Income Tax (11th Amendment) Rules, 2019

·        Seeks to amend notification No. 19/2019- Customs, dated the 6th July, 2019 so as to exempt from IGST specified defence goods, to give effect to the recommendations of the GST Council in its 37th meeting dated 20.09.2019

·        Seeks to further amend notification No 50/2017-Customs dated 30th June, 2017 to give effect to the recommendations of the GST Council in its 37th meeting dated 20.09.2019

·        Seeks to amend notification No. 39/96-Customs dated 23.07.1996 so as to extend the exemption provided to the Light Combat Aircraft Programme of the Ministry of Defence till 03.12.2021

·        Seeks to exempt imports by FAO for specified projects

·        Transshipment of Cargo to Nepal under Electronic Cargo Tracking System Regulations, 2019

·        Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

·        Sovereign Gold Bond (SGB) Scheme 2019-20 - Series V/VI/VII/VIII/IX/X - Operational Guidelines

·        Sovereign Gold Bond Scheme (SGB) 2019-20 Series V/VI/VII/VIII/IX/X

·        Extension of due date for linking of PAN with Aadhaar from 30.09.2019 to 31.12.2019

·        Remittance of government receipts (physical receipts) to Government account

·        Recovery of Interest on delayed remittance of Government Receipts into Government Account

·        Agency Commission- Furnishing reconciliation certificate

·        Seeks to amend notification No. 50/2017-Customs dated 30.06.2017, in order to exempt petroleum operations or coal bed methane operations undertaken under HELP and OALP

·        Income Tax (9th Amendment) Rules, 2019

·        Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems

·        Priority Sector Lending (PSL) – Classification of Exports under priority Sector

·        Exchange Rates Notification No.66/2019-Custom(NT) dated 19.09.2019

·        Implementation of Section 51-A of Unlawful Activities Prevention Act (UAPA), 1967- Updates to ISIL (Da’esh) & Al-Qaida Sanctions List

·        Concurrent Audit System

·        Priority Sector Targets - Lending to Non-Corporate Farmers – FY 2019-20

·        Notification No. 68/2019 [F.No.370142/12/2019-TPL]/SO 3356(E) : ​Exemption to Cash Replenishment Agencies (CRA's) and franchise agents of White Label Automated Teller Machine Operators (WLATMO’s) under clause (v) of the proviso to section 194N of the Income Tax Act, 1961

·        Income Tax (8th Amendment) Rules, 2019

·        Seeks to amend notification No. 50/2017-Customs dated 30.06.2017 to reduce basic customs duty on Open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels and certain goods for use in the manufacture of Open cell of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels

·        Income Tax (7th Amendment) Rules, 2019

·        Bharat Bill Payment System - Expansion of biller categories

·        Amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997 so as to include Barhi, Distt Sonepat, Haryana

·        Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

·        E-assessment Scheme, 2019

·        Large Exposures Framework

·        Risk Weight for Consumer Credit except credit card receivables

·        Master Circular - Disbursement of Government Pension by Agency Banks

·        Exim Bank's Government of India supported Line of Credit of USD 800 million to the Government of the Republic of Maldives

·        Exchange Rates Notification No.63/2019-Custom (NT) dated 05.09.2019

·        Income–tax (Sixth Amendment) Rules, 2019

·        Seeks to further amend notification no. 53/2011 dated 01.07.2011, to increase the rate of duty of customs by 5 percent, for a period of 180 days, on imports of RBD Palmolein/Palm Oil originating in Malaysia and imported under India-Malaysia Comprehensive Economic Cooperation Agreement, on recommendation of preliminary findings of Directorate General of Trade Remedies under India-Malaysia Comprehensive Economic Cooperation Agreement (Bilateral Safeguard Measures) Rules, 2017

·        Alteration in the name of "IDFC Bank Limited" to "IDFC FIRST Bank Limited" in the Second Schedule to the Reserve Bank of India Act, 1934