Monthly Archives: July 2018

Suppression of APTA Notification 72/2005-Customs

the MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) has issued a new Notification No. 50/2018–Customs dated 30th June, 2018 to provide the tariff concession to the goods of the description specified under the APTA (Asia-Pacific Trade Agreement), (formerly known as the Bangkok Agreement) Rules, 2006.  And in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 72/2005-Customs, dated the 22nd July, 2005.

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when imported into India from a country listed in APPENDIX I & APPENDIX II annexed

APPENDIX I
1. Bangladesh
2. People’s Republic of China
3. Republic of Korea
4. Sri Lanka

APPENDIX II
1. Bangladesh
2. Lao People’s Democratic Republic

for more details click here >>> Notification No. 50/2018–Customs <<<

source: Central Board of Indirect Taxes & Customs

CGST Rules, 2017 as amended upto 06.07.2018

Notification No. 29/2018-Central Tax (Dated 06th July, 2018) Seek to make amendments (Seventh Amendment, 2018) to the CGST Rules, 2017

The updated version of the Rules as amended upto 06th July, 2018 has been prepared for convenience and easy reference of the trade and industry and has no legal binding or force.

click here >>> to download >>> CGST Rules, 2017

source: Central Board of Indirect Taxes & Customs