15.2% Growth in Foreign Tourist Arrivals in December, 2017 Over December, 2016 

48.3% Growth in Foreign Tourist Arrivals on e-Tourist visa in December, 2017 Over December, 2016 2016 Ministry of Tourism compiles monthly estimates of Foreign Tourist Arrivals (FTAs) & FTAs on e- Tourist Visa on the basis of Nationality-wise, Port-wise data received from Bureau of Immigration (BOI). The following are the important highlights regarding FTAs and FTAs on e-Tourist Visa during the month of December, 2017: Foreign Tourist Arrivals (FTAs): The number of FTAs in December, 2017 was 11.76 lakh as compared to FTAs of 10.21 lakh in December, 2016 and 9.13 lakh in December, 2015. The growth rate in FTAs in December, 2017 over December, 2016 was 15.2%, compared to 11.9% in December, 2016 over December, 2015. FTAs in the year 2017 were 101.77 lakh with a growth of 15.6%

Read More 15.2% Growth in Foreign Tourist Arrivals in December, 2017 Over December, 2016 

First Cheque under „Shaheed Ki Beti‟ initiative handed over to Ministry of Defence

  PRESS RELEASE CHIEF OF BUREAU First Cheque under „Shaheed Ki Beti‟ initiative handed over to Ministry of Defence The Institute under the “Shaheed Ki Beti” initiative launched on 4th October, 2017 had done away with the age old practice of giving mementos to the Guests and Speakers in its programmes. As per the new practice adopted, in place of the Memento, a certificate of benevolence is presented to the dignitaries and guests at the various programmes of the Institute and the cost for the same is credited to the corpus established with the aim of funding and supporting the education of the daughters of the martyrs of the nation who laid down their lives while protecting the sovereignty of the country. The Institute was fortunate to present the first

Read More First Cheque under „Shaheed Ki Beti‟ initiative handed over to Ministry of Defence

Auction of Government of India Dated Securities dt. 15.01.2018

  RBI/2017-18/121 Ref. No.IDMD/1805/08.02.032/2017-18 January 15, 2018 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (re-issue) four dated securities for notified amount of ₹ 15,000 crore as per the following details: Sr No Security Notified Amount (in ₹ crore) GoI Notification Auction Date Settlement date 1 6.84% GS 2022 3,000 F.No.4(7) W&M/2017 dated January 15, 2018 January 19, 2018 (Friday) January 22, 2018 (Monday) 2 7.17% GS 2028 8,000 3 7.73% GS 2034 2,000 4 7.06% GS 2046 2,000   Total 15,000       Subject to the limit of ₹ 15000 Cr being total notified amount, GoI will have the option to retain additional

Read More Auction of Government of India Dated Securities dt. 15.01.2018

Classification of Telecommunication Antenna used at Base Transceiver Station/NodeB/eNodeB

  INSTRUCTION No. 01/ 2018- Customs F. No. 528/43/2017- STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Room No. 229-A, North Block New Delhi, 15th January, 2018 To All Pr. Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive) All Pr. Chief Commissioners /Chief Commissioners of Customs and Central Excise All Pr. Commissioners/Commissioners of Customs/Customs (Preventive)/Customs and Central Excise Madam / Sir, Subject: Classification of Telecommunication Antenna used at Base Transceiver Station/NodeB/eNodeB – reg. Board has received references regarding the classification of Telecommunication Antenna which are used at Base Transceiver Station/NodeB/eNodeB in wireless or cellular networks. A doubt has been expressed whether the said goods are classifiable under CTH 8517 62 90, 8517 69 90 or CTH 8517 70 90. 2. The issue has

Read More Classification of Telecommunication Antenna used at Base Transceiver Station/NodeB/eNodeB

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUBSECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 05/2018-CUSTOMS (N.T.) New Delhi, 15th January, 2018 25 Pausha, 1939 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated

Read More Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

Reporting of U.S. Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions

  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 15th January, 2018 PRESS RELEASE Reporting of U.S. Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions India and USA have signed the Inter-Governmental Agreement (IGA) under FATCA in 2015. To enhance the effectiveness of information exchange and transparency, both the sides committed to establish, by January 1, 2017, rules requiring their Reporting Financial Institutions (RFIs) to obtain the Tax Identity Number (TIN) of each reportable person having a reportable account as of June 30, 2014 (pre-existing account).The Income-tax Rules, accordingly, provide for reporting of U.S. TIN from the year 2017 onwards in respect of any pre-existing account. The US-IRS has issued guidelines through Notice 2017-46dated 25.09.2017 providing relaxation to Foreign Financial

Read More Reporting of U.S. Tax Identification Numbers (TINs) for pre-existing accounts by Financial Institutions

Quick estimates of Index of Industrial Production and use-based Index for the month of November, 2017 (Base 2011-12=100)

  The Quick Estimates of Index of Industrial Production (IIP) with base2011-12for the month of November 2017have been releasedby the CentralStatisticsOffice of the Ministry of Statistics andProgramme Implementation. IIP is compiled using datareceivedfrom 14 source agencies viz. (i) Department of Industrial Policy&Promotion (DIPP); (ii) IndianBureau of Mines; (iii) Central Electricity Authority; (iv) JointPlant Committee, Ministry of Steel; (v) Ministry of Petroleum&Natural Gas; (vi) Office of TextileCommissioner; (vii) Department of Chemicals & Petrochemicals; (viii) Directorate of Sugar & Vegetable Oils; (ix) Department of Fertilizers; (x) Tea Board; (xi) Office of Jute Commissioner; (xii) Office of Coal Controller; (xiii) Railway Board; and (xiv) Coffee Board. 2. The General Index for the month of November 2017 stands at 125.6, which is 8.4 percent higher as compared to the level in the month of

Read More Quick estimates of Index of Industrial Production and use-based Index for the month of November, 2017 (Base 2011-12=100)

​Sharp increase in prosecutions of tax evaders by Income Tax Department

  Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 12th January, 2018 PRESS RELEASE Sharp increase in prosecutions of tax evaders by Income Tax Department The Income Tax Department has accorded the highest priority to tackle the menace of black money. With this objective in mind, the Department has initiated criminal prosecution proceedings in a large number of cases of tax offenders and evaders. Prosecutions have been initiated for various offences including wilful attempt to evade tax or payment of any tax; wilful failure in filing returns of income; false statement in verification and failure to deposit the tax deducted/collected at source or inordinate delay in doing so, among other defaults. During FY 2017-18(upto the end of November, 2017), the Department filed

Read More ​Sharp increase in prosecutions of tax evaders by Income Tax Department

Seeks to withdraw abeyance of notification no. 30/2017-customs (ADD) dated 16.06.2017

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE Notification No. 1/2018-Customs (ADD) New Delhi, the 12th of January, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 9A of the Customs Tariff Act, 1975(51 of 1975) read with rules 18, 20, 22 and 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, and in view of the Final order dated 06.11.2017 of the Hon’ble Madras High Court in respect of Writ Petition No. 12950 of 2017, the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry

Read More Seeks to withdraw abeyance of notification no. 30/2017-customs (ADD) dated 16.06.2017

Inclusion of Dhamra and Dighi Ports in the list of ports mentioned in Export Promotion (EP) Schemes Notifications

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 3/2018 – Customs New Delhi, the 12th January, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendments in each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, which shall be further amended in the manner specified in the corresponding entry in column (3) of the said Table, namely :- DOWNLOAD/READ FULL NOTIFICATION