https://www.taxtmi.com/acts?id=31906 The Bill delegates rulemaking authority to the Central Government and various Boards to prescribe thresholds and procedures for significant economic presence of non-residents, to determine the fair market value of inventory when treated as capital assets, and to frame detailed regulations under the Customs Act concerning assessment, notices, advance rulings, clearance, electronic cash ledgers, audits and simplified procedures. It further authorises notifications to specify Government Savings Banks, Savings Schemes, deposit exclusions and capital arrangements, and empowers levy of penalty after inquiry and related procedural rules across securities, depository and housing statutes. en-us Thu, 01 Feb 2018 18:21:00 +0530 Thu, 01 Feb 2018 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31906 The Bill delegates rulemaking authority to the Central Government and various Boards to prescribe thresholds and procedures for significant economic presence of non-residents, to determine the fair market value of inventory when treated as capital assets, and to frame detailed regulations under the Customs Act concerning assessment, notices, advance rulings, clearance, electronic cash ledgers, audits and simplified procedures. It further authorises notifications to specify Government Savings Banks, Savings Schemes, deposit exclusions and capital arrangements, and empowers levy of penalty after inquiry and related procedural rules across securities, depository and housing statutes. Act-Rules Bills Thu, 01 Feb 2018 18:21:00 +0530 https://www.taxtmi.com/acts?id=31906