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Archive: 22 December 2020

Posts in 22 December 2020

Coal Import now subjected to Coal Import Monitoring System

December 22, 2020 3495 Views 2 comments Print

he Coal Import Monitoring System (CIMS) shall require importers to submit advance information in an online system for import of items and obtain an automatic Registration Number by paying registration fee of Rs. 1 per thousand, subject to minimum of Rs. 500/- and maximum of Rs. 1 lakh, on CIF value.

HC directs department to refund Service Tax Recovered in excess of amount approved by resolution plan

December 22, 2020 1674 Views 0 comment Print

GGS Infrastructure Private Limited Vs Commissioner of CGST & Central Excise (Bombay High Court) Once a resolution plan is approved by the committee of creditors by the requisite percentage of voting and the same is thereafter sanctioned by the adjudicating authority (Tribunal in this case), the same is binding on all the stakeholders including the […]

Mere Balance Sheet entries not amounts to acknowledgment of Debt under Limitation Act

December 22, 2020 4455 Views 0 comment Print

Section 18 of the Limitation Act, 1963 would have no application to proceedings under I&B Code. Therefore, the issue raised as regards acknowledgement of liability by reflection in the Balance Sheet/ Annual Return would be irrelevant.

Lottery Sale: One State cannot make Rules impacting authority of other States

December 22, 2020 2325 Views 0 comment Print

Future Gaming and Hotel Services Pvt. Ltd. Vs State of Kerala (Kerala High court) Conclusion: No State can exercise its authority by making Rules in such a way to impact upon authority of other States to organise, conduct and promotion of lottery. That power is exclusively given to the Central Government. Therefore, State of Kerala […]

Honda Cars not liable to Service Tax on amount retained after cancellation

December 22, 2020 1008 Views 0 comment Print

Honda Cars India Ltd. Vs The Commissioner, Central Excise and Service Tax (CESTAT Delhi) The charge leveled against the appellant, in the show cause notice, that JPY 130,000,000/- was paid towards the first installment mentioned in the Technical Agreement/ Model Agreement amounting to JPY 400,000,000/- is factually incorrect. As noticed above, JPY 130,000,000/- was paid […]

ADD investigation on imports of Carbon Black used in Rubber Applications

December 22, 2020 1434 Views 0 comment Print

Final Findings Case No. AD-SSR-10/2020 Sunset Review investigation concerning imports of Carbon Black used in Rubber Applications originating in or exported from China PR and Russia- Final Findings

Anti-Dumping Investigation concerning imports of ‘Phenol’ from South Africa

December 22, 2020 468 Views 0 comment Print

Case No. SSR-13/2019 Sunset Review of Anti-Dumping Investigation concerning imports of ‘Phenol’ originating in or exported from South Africa. The Authority had initiated the original investigation concerning imports of Phenol originating in or exported from European Union (EU), Singapore and South Africa vide Notification No.14/4/2002-DGAD dated 15th February, 2002.

Appeal against non-admittance of application for advance ruling not maintainable

December 22, 2020 1113 Views 0 comment Print

In re Tirumala Milk Products Pvt Ltd. (GST AAAR Karnataka) in the instant appeal, the Appellant is aggrieved by the grounds on which the lower Authority has refused to admit the application for advance ruling which is that, the question on which the ruling was sought is a matter that is being investigated by the […]

Draft Insurance Ombudsman (Amendment) Rules, 2020

December 22, 2020 1200 Views 0 comment Print

These rules may be called the Insurance Ombudsman (Amendment) Rules, 2020. In the Insurance Ombudsman Rules, 2017, for the words Executive Council of Insurers, the words Council for Insurance Ombudsmen shall be substituted wherever they occur.

Mumbai Police issue prohibitory orders under Section 144

December 22, 2020 1434 Views 0 comment Print

Mumbai Police issue prohibitory orders under Sec 144 banning assembly of 5 or more persons from 22.12.2020 to 5.1.2021

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December 2020