Sponsored
    Follow Us:

Archive: 19 February 2021

Posts in 19 February 2021

Issuance of Certificate of Origins (NP) through Common Digital Platform

February 19, 2021 1215 Views 0 comment Print

It is also informed that while applicants can choose to avail CoO (NP)online or in manual mode till 31.3.2021 w.e.f 1.4.2021 applications will be accepted in online mode only. Further details in the matter will be notified subsequently.

Govt imposes definitive anti-dumping duty on imports of Aniline from China

February 19, 2021 3135 Views 0 comment Print

CBIC Seeks to impose definitive anti-dumping duty on imports of Aniline originating in or exported from China PR for a period of five years from the date of levy of provisional anti-dumping duty, i.e. 29th July, 2020 vide  Notification No. 08/2021 -Customs (ADD) dated 19th February, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, […]

Consumer court fines ‘More Megastore’ for charging for carry bags with company logo

February 19, 2021 15996 Views 1 comment Print

Baglekar Akash Kumar Vs More Megastore Retail Limited (District Consumer Disputes Redressal Commission, Hyderabad) Disclosing the price of carry bags at the payment counter seems to be undoubtedly an ‘un-fair trade practice’ Under Section – 2 (1) (r) of the Consumer Protection Act, 1986 {Corresponding Section -2 (47) of the Consumer Protection Act, 2019}. As […]

Appeal cannot be dismissed Merely For Non-Prosecution

February 19, 2021 4026 Views 0 comment Print

Pradeep Kumar Jindal  Vs PCIT (Delhi High Court) In the present case, admittedly, there is no adjudication by the ITAT on merits. In our opinion, the order dated 10th December, 2015 of the ITAT, dismissing the appeal of the petitioner for non-prosecution and not on merits, as the ITAT was required to do notwithstanding the […]

Govt declares 5.81% interest on deposits under Senior Citizens Welfare Fund for 2020-21

February 19, 2021 489 Views 0 comment Print

It is hereby notified that the deposits made under the Senior Citizens Welfare Fund, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. G.S.R. 322(E) dated 18th March, 2016, shall with effect from 1st April, 2020 to 31st March, 2021, bear interest at 5.81% (Five point eight one percent). This rate will be in force with effect from 1st April, 2020.

IFSCA issues consultation paper on proposed Aircraft Leasing Regulations

February 19, 2021 699 Views 0 comment Print

India is poised to become the 3rd largest aviation market in the world by 2022. In January 2019, India’s Ministry of Civil Aviation published a report, ‘Project Rupee Raftar’, that provided roadmap to developing an aircraft financing and leasing industry in India. The report identified International Financial Services Centre (GIFT city) for developing aircraft leasing and financing eco-system in the country.

SC Lays Down Guidelines for Operation & Safety of Lockers

February 19, 2021 5304 Views 0 comment Print

Supreme Court mandates strict procedures for bank lockers. Ensure compliance, notify changes, maintain records. Judgment details in Amitabha Dasgupta case.

GST: HC removes bank account attachment subject to maintenance of Balance as on the day of attachment

February 19, 2021 849 Views 1 comment Print

SKF Finvest Advisory Pvt. Ltd. Vs Union of India (Gujarat High Court) We dispose of this writ­ application directing the writ­ applicant that he shall maintain the minimum balance of Rs.22 lac in the bank account in question up to 21st September 2021. On this condition, we permit the writ ­applicant to operate his bank […]

Limitation period to raise demand under Section 73 & 74 of CGST Act, 2017

February 19, 2021 33489 Views 1 comment Print

One of the fundamental legal principles is that an element of certainty must be brought to the legal proceedings. The law of limitation is based on this principle. Any action under any law has to be taken within the limitation period prescribed otherwise uncertainty would prevail eternally. The provisions of limitation period gain all the […]

HC Grant Bail to accused in case of alleged wrongful ITC claim under GST

February 19, 2021 1107 Views 0 comment Print

Counsel for the Union of India has vehemently opposed the bad application. It is contended that fake firms were created for claiming input tax credit. From the investigation, it is revealed that the firms were fake. The proprietor and owner of the firms are not traceable. It is further contended that evasion of tax has an effect on the economy of the Nation and Court should not be liberal in granting bail to such offenders.

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031