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Archive: 21 August 2020

Posts in 21 August 2020

In a tax neutral exercise, no addition towards unutilized CENVAT credit is warranted

August 21, 2020 987 Views 0 comment Print

whether the CIT (A) is correct in confirming addition u/s 145A of the Act to closing stock for unutilized Cenvat credit in respect of credit inputs or capital goods purchased?

Goods cannot be detained merely because Consignee mentioned as Unregistered Person in E-Way Bill

August 21, 2020 3378 Views 0 comment Print

The issue under consideration is whether detention of goods merely because the consignee is mentioned as an unregistered person in the e-way bill is justified in law?

Guidelines- Rules of Origin under Trade Agreements & verification of Certificates of Origin- reg.

August 21, 2020 5433 Views 1 comment Print

Guidelines regarding implementation of section 28DA of the Customs Act, 1962 and CAROTAR, 2020 in respect of Rules of Origin under Trade Agreements (FTA/PTA/CECA/CEPA) and verification of Certificates of Origin- reg.

Anti-dumping Investigation on imports of Arylides from China- Reg.

August 21, 2020 696 Views 0 comment Print

Case No. ADD – (OI) 23/2020- Initiation of Anti-dumping Investigation concerning imports of Aceto Acetyl Derivatives also known as Arylides from China PR MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 21st August, 2020 Case No. ADD – (OI) 23/2020 Subject : Initiation of Anti-dumping […]

How Do Pre-Existing Diseases Impact Your Health Insurance Premiums?

August 21, 2020 1194 Views 0 comment Print

Buying health insurance is often procrastinated by young and healthy individuals. The primary reason being, while you are young and healthy, no illness can affect you. But, this is not the truth. A health ailment can strike at an inopportune time and has severe financial consequences along with mental stress; sometimes as severe as leaving […]

Dividend Criteria for Equity Investment under Approved Investment

August 21, 2020 549 Views 0 comment Print

IRDAI permits Insurers to classify investments in Preference Shares and Equity Shares as a part of Approved Investment if such Shares have paid dividend for at least 2 years out of 3 consecutive years

Ad-hoc/Short Review/Renewal of Credit Facilities- RBI instruction

August 21, 2020 6471 Views 0 comment Print

Banks are, therefore, expected to have a detailed Board approved policy on methodology and periodicity for review/renewal of credit facilities within the overall regulatory guidelines, and adhere to the same strictly.

HC Direct Commissioner to Handover Delivery Order to Petitioner

August 21, 2020 588 Views 0 comment Print

whether the commissioner is justified in withholding the delivery order for the 1×40′ container, by insisting for clearance of the dispute against the 2×20′ containers?

Refund of IGST paid on supply of goods to Outbound Tourist leaving India

August 21, 2020 14583 Views 2 comments Print

Section 15 of IGST  deals with refund of IGST paid on supply of goods to tourists leaving India (International Tourist) under Integrated Goods and Services Tax (IGST). Section 15 of the IGST Act provides for refund to be allowed to ‘tourist’ on supply of goods being taken along by him at the time of leaving […]

HC admits writ challenging 7 Year old SCN issued by Custom department

August 21, 2020 1137 Views 0 comment Print

Mr. J. Sheik Parith Vs Commissioner of Customs (Madras High Court) The only aspect that remains is to determine whether it would have been ‘possible’ for the respondents to complete such determination within the time frame fixed or whether they had been prevented from doing so by reason of an impediment or bar, justifying the […]

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