"07 August 2020" Archive

SEBI (Prohibition of Insider Trading) Regulation, 2015

The regulation was notified on 15.01.2015 and came into effect on the 120th day after being notified i.e 15.05.2015 In general terms Insider trading is defined as, ‘the illegal practice of trading on the stock exchange to one’s own advantage through having access to unpublished price sensitive information.’ Section 195 o...

Read More
Posted Under: SEBI |

Disallowance of 10% expense justified in case of self made vouchers & non production of sub-contractors

CIT Vs SPL Infrastructure Pvt. Ltd. (Madras High Court)

Where the books of accounts maintained by contractors were not accepted by the Department, the estimation of profit made on the basis of history of Gross Profit rate and Net Profit rate of assessee in the previous years or comparable cases of contractors could be made. Once such profit rates were compared, the additions on account of non ...

Read More

CBIC exempts goods for Kudankulam Nuclear Power Project

Notification No. 32/2020–Customs [G.S.R. 494(E)] 07/08/2020

CBIC amends notification No. 50/2017-Customs dated 30th June, 2017 so as to exempt goods for Kudankulam Nuclear Power Project (KKNPP) Units- 5 and 6 (1000 MW x 2) vide Notification No. 32/2020–Customs dated 7th August, 2020 MINISTRY OF FINANCE (Department of Revenue) Notification No. 32/2020–Customs New Delhi, the 7th August, 2020 G.S...

Read More

Tariff Notification No. 70/2020-Customs (N.T.), Dated: 07.08.2020

Notification No. 70/2020-Customs (N.T.) [S.O. 2649(E)] 07/08/2020

Tariff Notification No. 70/2020-Customs (N.T.), Dated: 07.08.2020 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 70/2000-CUSTOMS (N.T.) New Delhi, the 7th August, 2020 S.O....

Read More

In Bond Manufacturing & Other Operations- CBIC Web interaction

In Bond Manufacturing offers deferred import duty on both capital goods as well as raw material or inputs used in bonded manufacturing. The import duty gets remitted if the finished goods are exported. However, if the finished goods are cleared in the domestic market, the import duty on raw material used becomes payable, but without any b...

Read More
Posted Under: SEBI |

Provisional bank account attachment ceases to have effect after one year from order date

Namaskar Enterprise Vs Commissioner of Goods & Service Tax (Gujarat High Court)

Namaskar Enterprise Vs Commissioner of Goods & Service Tax (Gujarat High Court) A perusal of the aforesaid Sub-Section-2 of Section 83 makes it abundantly clear that the provisional attachment would cease to have effect after the expiry of a period of one year from the date of the order made under Sub-Section-1. Although no specific [...

Read More

Madras HC issued Notice to Commissioner & AC of GST for ITC related Issues

Amplexor India Private Limited Vs Union of India (Madras High Court)

The Madras High Court issued the notice to the Commissioner and Assistant Commissioner of GST for various issues related to Input Tax Credit, its transitional provisions and concern time limit....

Read More

Notification No. 34/2020-Customs (N.T./CAA/DRI), Dated: 07.08.2020

Notification No. 34/2020-Customs (N.T./CAA/DRI) 07/08/2020

Notification No. 34/2020-Customs (N.T./CAA/DRI), Dated: 07.08.2020 vide which Director General, Revenue Intelligence, appoints the Additional Director General (Adjudication), Directorate of Revenue Intelligence, Mumbai as the Common Adjudicating Authority in respect of noticee mentioned in column (3) bin table below MINISTRY OF FINANCE (D...

Read More

SEBI amends SEBI (IFSC) Guidelines, 2015

Circular No. SEBI/HO/MRD2/DCAP/CIR/P/2020/149 07/08/2020

Any Indian recognized stock exchange or clearing corporation, or, any recognized stock exchange or clearing corporation of a foreign jurisdiction shall form a subsidiary to provide the services of clearing corporation in IFSC wherein at least fifty one per cent. of paid up equity share capital is held by such stock exchange or clearing co...

Read More

Anti-subsidy investigation of imports of Flat Products of Stainless Steel from Indonesia

Case No: CVD-OI-05/2019 07/08/2020

Case No: CVD-OI-05/2019 Preliminary Findings in the anti-subsidy investigation concerning imports of Flat Products of Stainless Steel from Indonesia....

Read More

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930