The discussions in the meeting will focus on the new Foreign Trade Policy (FTP) (2021-26) and the strategies and measures to be taken in order to take forward domestic manufacturing and exports.BOT platform provides an opportunity to have regular discussion and consultation with trade and industry and advise the Government on policy measures related to FTP in order to achieve the objective of boosting India’s trade.
The Ministry of Corporate Affairs (MCA) has taken up to build a new MCA21 v3 system – upgraded version of MCA- 21 portal to enable easy and secure access of MCA services. The new portal is expected to be equipped with latest features and technology.
Seeks to amend notification No. 21/2016-Customs (ADD) dated 31st May, 2016 to extend the levy of Anti-Dumping duty on Methylene chloride originating in or exported from China PR, up to and inclusive of 31st Jan, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 1st December, 2020 Notification No. 42/2020 -Customs (ADD) G.S.R.746(E).—Whereas, the […]
In view of the prevailing situation due to Covid-19 pandemic and representation received from the Stock Exchanges, it has been decided to extend the timelines for compliance with the following regulatory requirements by the trading members / clearing members, as under:
`Constitution Day’, while providing us an opportunity to express our gratitude to the architects of our Constitution, is also a day to seek inspiration from the spirit enshrined therein. The 71St Constitution Day of India was celebrated on 26.11.2020 by the Members of the Board by joining the telecast of the Hon’ble President of India in the reading of the preamble to the Constitution, as did the officers in the field.
Chennai Port trust was not eligible for exemption under Section 29(a) of the Urban Land Tax Act as it did not produce any evidence to prove that the Lands were owned by the Central Government and that the Madras Dock Labour Board was only the ostensible owner. Indeed, the evidence on record indicated that the Madras Dock Labour Board was both the ostensible and real owner and the Lands were assessed to urban land tax and that the Madras Dock Labour Board paid urban land tax as and when demanded. Moreover, the Board Circular dated 30.06.1976 expressly provided that lands owned by the Madras Port Trust would not be eligible for the exemption under Section 29(a).
1. Interest for delayed payment – Tolerance of an Act Vs. Addition to Consideration The Maharashtra Appellate Authority For Advance Ruling in Bajaj Finance Ltd 2020-TIOL-64-AAAR-GST has ruled the additional/penal interest recovered by the appellant from customers against delayed payment of monthly instalments of the loan extended to the customers would be exempt from GST. […]
Pension Adalat is to be held on 15th of December, 2020 through Video Conferencing. A notice in advance intimating the time and link for Video Conferencing for the Adalat would be sent to all the stake holders viz. HoD, DDO, PAO, officials of concerned Banks for their participation and the concerned Pensioners, if they so desire to participate.
[*The relevant sections and statutes have been mentioned in brackets] Q.1 What is a power of attorney? Ans: Power of attorney includes any instrument empowering a specified person to act for and in the name of the person executing it. [Section 1A of The Powers of Attorney Act, 1882] By a power of attorney, one […]
This article highlights the provisions of Foreign Exchange Management Act, 1999 (FEMA), where IT companies have opted compounding of contraventions. IT has been significant contributor to India’s growth in the services and has emerged as the biggest IT Hub in the modern world. This sector has to its credit creation of more than 15 million […]
