"26 February 2021" Archive - Page 2

Tariff Notification No. 25/2021-Customs (N.T.), Dated: 26.02.2021

Notification No. 25/2021-Customs (N.T.) 26/02/2021

Tariff Notification No. 25/2021-Customs (N.T.), Dated: 26.02.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver – reg. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 25/2021-CUSTOMS (N.T.) Ne...

SEBI extends facility to conduct meetings of REITs & InvITs unitholders through VC or OAVM

Notification No. SEBI/HO/DDHS/DDHS/CIR/P/2021/21 26/02/2021

It has been decided to extend the facility to conduct meetings of unitholders, through VC or OAVM for REITs/InvITs, as under: a. Annual meetings of unitholders in terms of Regulation 22(3) of SEBI (Real Estate Investment Trusts) Regulations, 2014 and Regulation 22(3)(a) of SEBI (Infrastructure Investment Trusts) Regulations, 2014, (which ...

SOP for physical of cases before NCLT

File No. 10/03/2021-NCLT 26/02/2021

NCLT issues present Standard Operating Procedure (SOP) for physical hearing, as well as continuation of virtual hearing as per order dated 23.2.20201 which shall come into force w.e.f. 1.3.2021. The SOP is applicable to all NCLT Benches....

Introduction of Concept of “Accredited Investors” in Indian securities market

The objective of Consultation Paper on Introduction of concept of Accredited Investors in Indian securities market is to seek comments from the public and various stakeholders of the securities market, on the proposal to introduce the concept of Accredited Investors in the Indian securities market....

Posted Under: Custom Duty |

Related Party Transactions- A note

Introduction A company, in the course of conduct of its business, enters into various transactions with different parties, including its related parties. Companies also carry on their activities through subsidiary companies and associate companies. Accordingly, related party relationships are a normal feature of business. Due to this rela...

Posted Under: Custom Duty |

Show Cause Notice Under GST Act 2017 – An Analysis

1. Issue of show cause notice for giving sufficient and meaningful opportunity of hearing , is the essential precondition for every adjudication proceeding . In fact show cause notice is statutory requirement which should be complied with to satisfy principle of natural justice. It is foundation of matter of levy of tax , interest and [&h...

Posted Under: Custom Duty |

CBI Arrests an Assistant Commissioner and a Superintendent, both of Customs

The Central Bureau of Investigation has arrested an Assistant Commissioner and a Superintendent, both of Customs Department, Mumbai in an alleged bribery case....

Posted Under: Custom Duty |

UK Court allows Extradition of Nirav Modi

The Westminster Magistrates’ Court, London(UK) has today accepted the contention of Govt of India to extradite Mr.Nirav Modi. The U.K.Court delivered the verdict wherein it held that the evidence against Mr.Nirav Modi is prima facie sufficient to order his extradition to India to face the charges....

Posted Under: Custom Duty |

Investment by FPI in Defaulted Bonds – Relaxations

RBI/2020-21/105 A.P. (DIR Series) Circular No. 12 26/02/2021

Currently, FPI investments in corporate bonds are subject to a minimum residual maturity requirement, short-term investment limit (paragraph 4 (b)(ii)) and the investor limit (paragraph 4(f)(i)) in terms of the Directions....

Measures for Streamlining of Customs Post Clearance Audit work

Standing Order No. 05/2021-JNCH 26/02/2021

Half yearly meetings of customs Audit Commissionerate shall be convened by the ADG, DG (Audit), Mumbai to discuss the conduct of TBA. The meeting may deliberate upon topics such as including local risk parameters in the selection of BE/SB for TBA, increase or decrease in  the total number of bills selected for Audit, and the progress/pen...

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