In our view, these circumstance, if considered in conjunction with total absence of ill motive, mala fide intent or animus to cause wrongful gain to the importers and the petitioner, lead to a legitimate inference that the act on the part of the petitioner was the result of negligence and carelessness. It falls short of misconduct.
When we start the journey with our aims is bigger and ambitions are higher, the road to success is never so easy. Some time we get stuck by obstacles, sometime gets tired by inner self. But we all know who succeed, the one who overcome all the obstacles, doesn’t accept the failure, try and try […]
Change in Investment Guidelines for NPS Schemes — permitting Pension Funds to invest in Overnight Funds and all such short duration funds as may be permitted by SEBI from time to time
In re Sunchirin Autoparts India Pvt Ltd. (GST AAR Uttar Pradesh) Classification of Air Conditioner House Assembly (suction / discharge) used as part of Air Conditioner Compressor and Applicable tax rate for the classification. The product ‘Air Conditioner Hose Assembly’ as described in the application will merit classification under Chapter Heading 4009 of the GST […]
Nortel Networks India Pvt. Ltd. Vs DCIT (ITAT Delhi) In the instant case, the assessee has offered Explanation as why the transaction of loss of security was claimed as business loss. This Explanation has not found to be false by the Assessing Officer. Further, the assessee substantiated the Explanation by way of filing relevant documents […]
Undersigned is directed to inform that this office has received a new email id inv-custom@gov.in. Henceforth all incident report and seizure reports should be forwarded to this office only on inv-customs@gov.in.
Erstwhile Companies Act 1956 had no specific definition of ‘Independent Director’. However by passing of time, Companies Act 2013 made a special recognization to Independent Director and has reposed faith as well as confidence for the better corporate governance. Status of Independent Directors in a Company – Non-executive Director Applicable section, Rule & Schedule to […]
In Part 1 of the Article author discussed Generation of e way bill & its salient features and in Part 2 Author discussed Contents of E- Way Bill and Guide To Generate E Way Bill ( EWB -01) Online . In this i.e.Part 3 Author discusses E Way generation by Transporters and in Fourth and […]
Discover the new corporate tax rates for domestic companies in FY 2019-20. Lower tax rates of 22% and 15% now available.
CESTAT Ahmedabad has held that Para 4.28(f) of Handbook of Procedure, 2004-09 relating to regularization of bonafide default by exporters using Advance Authorisations, cannot be applied straight away to normal imports where export obligations have been fulfilled.
