"11 July 2019" Archive - Page 3

Exemption from charges for late filing of Bill of Entry – reg

Public Notice: 64/2019-JNCH 11/07/2019

As the e-Sanchit Portal for uploading supporting documents was very slow in generating the Image Reference Number (IRN) and sometimes the number was not generated on 09.07.20 19 and 10.07.20 19, the trade faced difficulty in filing the Bills of Entry within the time period stipulated under Section 46 of the Customs Act, 1962 and Regulatio...

GST on Licensing services for right to use minerals- AAR allows withdrawal of Application

In re M/s. Robo Silicon Pvt Ltd (GST AAR  Andhra Pradesh)

In re M/s. Robo Silicon Pvt Ltd (GST AAR  Andhra Pradesh) What is the classification for the services received by M/s Robo Silicon Private Limited from the state of Andhra Pradesh for which Royalty is being paid by Robo Silicon Private Limited? Whether the said service can be classified under the heading 9973 specifically under […...

Trademark Search – Why Should We Take A Long View?

Want to safeguard your brand, logo or business name? Then you should surely know about trademark registration. What is Trademark Registration? Trademark registration provides legal identity to your brand, logo or company name. It helps your customer to distinguish your company products and services from others and creates business goodwil...

Posted Under: DGFT |

Definition of the Word “Tax”

About the definition of the word ‘tax’, the Constitution Bench of the Honorable Supreme Court of India, in its judgment in The Commissioner, Hindu Religious Endowments, Madras vs. Sri Lakshmindra Thirtha Swamiar of Sri Shirpur Mutt. Judgment dated 16/04/1954, has made following observations: “A neat definition of what &#...

Posted Under: DGFT |

Data “Of the People, By the People, For the People”

Navigating in an uncertain, wobbly world requires constant monitoring of the path followed by the economy using real-time indicators. Thus, data can serve as the stones that enable one to cross the river. Concurrent with the data explosion of recent years, the marginal cost of data has declined exponentially while its marginal benefit to ...

Posted Under: DGFT |

How does Policy Uncertainty affect Investment?

Economic Policy Uncertainty in India has reduced significantly over the last decade. Coinciding with the years of policy paralysis, economic policy uncertainty was the highest in 2011-12. Since then, economic policy uncertainty has declined secularly. The continued decrease in economic policy uncertainty in India post 2015 is exceptional ...

Posted Under: DGFT |

Ending Matsyanyaya: How to Ramp up Capacity in The Lower Judiciary

Arguably the single biggest constraint to ease of doing business in India is now the ability to enforce contracts and resolve disputes. This is not surprising given the 3.5 crore cases pending in the judicial system. Much of the problem is concentrated in the district and subordinate courts. Contrary to conventional belief, however, the p...

Posted Under: DGFT |

Nourishing Dwarfs to become Giants: Reorienting policies for MSME Growth

MSMEs that grow not only create greater profits for their promoters but also contribute to job creation and productivity in the economy. Our policies must, therefore, focus on enabling MSMEs to grow by unshackling them. Job creation in India, however, suffers from policies that foster dwarfs, i.e. small firms that never grow, instead of i...

Posted Under: DGFT |

GST Audit- Legal Authority and Provisions

Article explains Provisions of CGST Act, 2017 for Audit, General Audit by tax authorities, Provision for access to business premises and records of taxpayer for GST Audit, Prescribed Rules for GST Audit, Maintenance of Accounts and Records for GST Audit  and Rules for Calling documents from the Registered Taxpayer for GST Audit. 1. Provi...

Posted Under: DGFT |

India – Pre and Post RERA

The Real Estate (Regulation and Development), Act 2016 has been quite effective so far. The Authority has been taking strict actions against builders for non-compliance and violation of law. Pre-RERA, the promoters / builders resorted to unfair trade practices including delay in handing over possession by not delivering the possession on ...

Posted Under: DGFT |

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February 2024