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Archive: 09 October 2019

Posts in 09 October 2019

Late Cut imposed by system while applying MEIS on reactivated shipping bills

October 9, 2019 6984 Views 0 comment Print

In order to address this issue of imposition of higher late cut by the system for re-activated shipping bills, members of the trade and the RAs may take note of the steps as mentioned in the sequence below:

Cabinet approves 5% additional DA/DR due July, 2019

October 9, 2019 273 Views 0 comment Print

The Union Cabinet Chaired by Prime Minister Narendra Modi today approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay/Pension, to compensate for price rise. 

CBDT notifies ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ for exemption U/s. 10(46)

October 9, 2019 2106 Views 0 comment Print

Central Government hereby notifies for the purposes of the said clause, ‘Kerala Bamboo, Kattuvalli and Pandanus Leaf Workers’ Welfare Fund Board’ (PAN AAAJK1244Q), a Board constituted by the Government of Kerala, in respect of the following specified income arising to that Board, namely:—

Standard Operating Procedure for Export of Onion

October 9, 2019 3177 Views 0 comment Print

Standard Operating Procedure for Export of Onion as per para 1.05 of  the Foreign Trade Policy 2015-2020 considering Notification No. 21/2015-2020 dated 29.09.2019 issued by the DGFT whereby export of Onions has been prohibited with immediate effect. 

Converting written play into dramas is not a commercial activity for section 12AA registration

October 9, 2019 513 Views 0 comment Print

CIT (E) Vs Kanakia Art Foundation (Bombay High Court) We have perused the objects of the trust with a special focus on the objects which the Commissioner has referred to for holding that they are not charitable in nature. The Commissioner has referred to clause (f) of the objects but reproduced only part of it […]

Notification No. 55/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019

October 9, 2019 669 Views 0 comment Print

Notification No. 55/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019- Appointment of CAA by DGRI -reg Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 55/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 9th October, 2019 S.O. 3658(E).— In pursuance of notification No. 60/2015-Customs (N.T.), published vide number […]

Notification No. 54/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019

October 9, 2019 765 Views 0 comment Print

Notification No. 54/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019- Appointment of CAA by DGRI -reg Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 54/2019-Customs (N.T./CAA/DRI) New Delhi, dated 9th October, 2019 S.O. 3657(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), […]

Criminal jurisprudence and the IBC Code

October 9, 2019 7914 Views 0 comment Print

Insolvency and Bankruptcy Code, 2016 (Code) was introduced with an objective to consolidate and amend the laws relating to reorganisation of the insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner for maximisation of value of assets of such persons, to promote entrepreneurship, availability of credit

Notification No. 53/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019

October 9, 2019 390 Views 0 comment Print

Notification No. 53/2019-Customs (N.T./CAA/DRI), Dated: 09.10.2019- Appointment of CAA by DGRI -reg Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Corrigendum Notification No. 53/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 9th October, 2019 S.O. 3656(E).- In pursuance of notification No. 60/2015-Customs (N.T.), published vide […]

Liquidation and Voluntary Liquidation Process

October 9, 2019 15678 Views 1 comment Print

Liquidation has been defined as a process of bringing a business to an end and distribution of the assets of the company between persons having claims over the company. Liquidation is a consequence of being insolvent and / or having no realistic prospect of a going concern.

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