Reference: Central Board of Indirect Taxes and Customs
Update:
Anti-Dumping duty on import of ‘Jute Products’:
CBIC in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 has imposed definitive anti-dumping duty on imports of Jute Products namely, Jute Yarn/Twine (multiple folded/cabled and single), Hessian fabric, and Jute sacking bags, originating in, or exported from, the from Bangladesh and Nepal and imported into India at the rate specified in the notification.
Reference: Central Board of Direct Taxes
Update:
Income-tax (12th Amendment) Rules, 2019:
CBDT has amended the Income tax rules 1962 vide Income tax (12th amendment) Rules 2019 on 6th November 2019. Vide this amendment CBDT has amended over 100 forms and returns to provide interchangeability between PAN and Aadhaar Number.
Finance minister in July had amended section 139A of Income Tax Act to provide interchangeability between PAN and Aadhaar Number.
The CBDT has now issued a notification to amend the Income-tax Rules, 1962 to enable quoting of the Aadhar number instead of PAN in various forms and documents as specified under the tax laws.
Implication:
The amendment shall be deemed to have come into force from the 1st day of September, 2019.
