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Archive: August, 2020

Posts in August, 2020

No bail despite 7 year in Jail due to valid order of remand in other 2 cases

August 18, 2020 2739 Views 0 comment Print

Ritlal Rai Vs. Union of India (Patna High Court) In this case Though the petitioner has already suffered maximum punishment of seven years, so in the present case lodged under the PML Act, he cannot be kept in judicial custody but, because in two cases in which he is still in jail with respect to […]

Covid-19 & The Banking Sector

August 18, 2020 1800 Views 0 comment Print

The ongoing Pandemic has brought havoc like situation in all sectors. The same is the condition of the Banking sector as well. RBI has provided certain relaxations but there still remains a question for all those people who are facing a trouble with the default in loans. And the reason for such troublesome situation is: […]

Section 171(3A) penalty cannot be imposed retrospectively: NAA

August 18, 2020 8457 Views 0 comment Print

Sh. Pushpak Chauhan Vs Harish Bakers & Confectioners Pvt. Ltd. (NAA) Section 112 of the Finance Act, 2019 specific penalty provisions have been added for violation of the provisions of Section 171(1) which have come in to force w.e.f. 01.01.2020, by inserting Section 171(3A). Since, no penalty provisions were in existence between the period W.e.f. […]

GST on Security Excise Adhesive Labels

August 18, 2020 5190 Views 0 comment Print

In re Marketing Communication & Advertising Ltd. (GST AAR Karnatka) The applicant have sought advance ruling  in relation to supply by applicant to various distilleries and sought ruling on correct classification of Security Excise Adhesive Labels i.e., HSN Code applicable and The rate of tax applicable on supply of Security Excise Adhesive Labels. We observe […]

Person liable to pay consideration for supply of services is ‘Recipient’ of such supply

August 18, 2020 16074 Views 0 comment Print

In re Rajesh Rama Varma (GST AAAR Tamilnadu) Appellant has been contracted by M/s Doyen Systems Private Ltd to provide professional and consultancy services to be carried out through them and that, he had rendered software support services to the client of M/s Doyen Systems Private Ltd, IRM in the United States of America and […]

Reg. Anti Dumping Duty on Front Axle Beam & Steering Knuckles

August 18, 2020 894 Views 0 comment Print

Initiation of Sunset Review Investigation concerning Anti Dumping Duty imposed on imports of Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles originating in or exported from China PR .

RTI Seeking Details of Minutes of Meeting of GSTN – HC refers matter back to CIC

August 18, 2020 9564 Views 0 comment Print

The issue under consideration is whether RTI application seeking disclosure of Minutes of the Board Meeting & resolutions of Goods & Service Tax Network (GSTN) by information commissioner will be sustain in law?

Draft framework for recognition of a Self-Regulatory Organisation for Payment System Operators

August 18, 2020 762 Views 0 comment Print

Reserve Bank hereby places a draft framework for grant of recognition to an industry association as a Self-Regulatory Organisation (SRO) for Payment System Operators (PSOs).

Streamlining of UQCs in Bills of Entry and Shipping Bills – reg

August 18, 2020 5217 Views 0 comment Print

Board had undertaken an exercise towards standardization of Unit Quantity Codes (UQCs) for purposes of export / import declarations filed on EDI. It was noted that many importers and exporters use UQCs like BGS, BTL, BOX, CTN, GGR, HPT, KPC, ODD and DRM etc.

Govt relaxes Export Policy of textile raw material for masks & coveralls

August 18, 2020 1008 Views 0 comment Print

The Notification No. 18 dated 13.07.2020 is amended to the extent that only melt blown fabric of any GSM exported against the HS codes specified above is prohibited for export. All other non-woven fabrics of any GSM (including of GSM 25-70 which were earlier prohibited) are freely allowed for exports. Government of India Ministry of […]

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