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Archive: 14 February 2020

Posts in 14 February 2020

NSC/NSC-VIII – Amendments to procedural rules

February 14, 2020 3687 Views 0 comment Print

MoF(DEA) has revised many statutory rules relating to different National Savings Schemes which were circulated vide SB order 13/2019 dated 18.12.2019. The competent authority has now approved to change relevant procedural rules and issue corrections slips of POSB(CBS) Manual [circulated vide SB Order No.9/2018 dated 17.7.2018j.

NAA found Builder guilty of not passing net benefit of ITC

February 14, 2020 894 Views 0 comment Print

Manish Saini Vs Ramaprastha Promoter & Developer Pvt. Ltd. (NAA) It is clear from the plain reading of Section 171(1) mentioned above that it deals with two situations one relating to the passing on the benefit of reduction in the rate of tax and the second pertaining to the passing on the benefit of the […]

Exemption Central Excise duty against scrips issued under 2% Additional ad hoc incentive for mobile phones

February 14, 2020 519 Views 0 comment Print

Notification No. 02/2020 – Central Excise regarding exemption of duties of Central Excise against scrips issued under the 2% Additional ad hoc incentive for mobile phones

Central Excise duty exemption against scrips issued under RoSCTL scheme and additional ad-hoc incentive for apparel and made-ups sector

February 14, 2020 1779 Views 0 comment Print

Notification regarding exemption of duties of Central Excise against scrips issued under the RoSCTL scheme and additional ad-hoc incentive for apparel and made-ups sector. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 1/2020–Central Excise New Delhi, the 14th February, 2020 G.S.R. 117(E).– In exercise of the powers conferred by sub-section (1) of […]

Flat Transparent Sheet Glass (Quality Control) Order, 2020

February 14, 2020 2412 Views 1 comment Print

(1) This Order may be called the Flat Transparent Sheet Glass (Quality Control) Order, 2020. (2) It shall come into force with effect from 17.08.2020.

MIP not applicable on Import of Cashew Kernels for SEZ/EoU units

February 14, 2020 531 Views 0 comment Print

It is clarified that MIP on Cashew Kernels (HS codes 0801 3210 and 0801 3220) is not applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZs.

Disclosure of Interest by Director | Section 184 | Companies Act, 2013

February 14, 2020 32091 Views 0 comment Print

184. (1) Every director shall at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the disclosures already made then at the first Board meeting held after such change disclose his […]

What is Micro Insurnace

February 14, 2020 2829 Views 0 comment Print

Discover the concept of microinsurance in India. Explore how it provides risk cover and financial support for a healthier and secure future.

Notifications levying IGST on importer on Ocean Freight is Unconstitutional

February 14, 2020 4170 Views 0 comment Print

Whether Notification No. 8/2017-Integrated Tax (Rate), dated 28.6.2017 and Entry 10 of the Notification No.10/2017-Integrated Tax (Rate), dated 28.6.2017 are ultra vires to the Integrated Goods and Services Tax Act, 2017 and unconstitutional?

Perjury- Intentional act of swearing a false oath

February 14, 2020 3630 Views 0 comment Print

Perjury Relevant Sections: Section 209 of Indian Penal Code (IPC) & Section 340 of the Criminal Procedure Code. (Cr. P. C) Meaning of Perjury: 1. Perjury is the Criminal offense of lying under Oath. 2. A Perjury Charge may be brought when someone makes a false statement after being sworn in or promising to tell […]

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