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Archive: 01 July 2021

Posts in 01 July 2021

FCRA Registration- All you need to know before getting Foreign Funds for NGO in India

July 1, 2021 4425 Views 0 comment Print

There are enormous reasons for the current global platform to get focused on the environment, social and cultural causes. Not only the specific organizations but also the businesses apart from having profit earning as their prime goal, are getting themselves involved in activities that promote economic, social, cultural and environmental growth and prosperity. The world […]

Citizen cannot be penalised for a discrepancy in FCRA forms

July 1, 2021 1059 Views 0 comment Print

The citizen cannot be penalised for a discrepancy in the form prescribed by the respondent which has resulted in the form being unable to be submitted even in the case of a law abiding citizen.

Online filing of AEO T2 and AEO T3 applications: Launch of Version 2.0

July 1, 2021 1977 Views 0 comment Print

The AEO application processing for AEO T1 on the web-based portal has been functional since December 2018. To take this endeavor for digitization forward, in line with the government’s Digital India initiative, the Board has decided to launch a new version (V 2.0) for on-boarding of AEO T2 and AEO T3 applicants by way of online filing, real-time monitoring, and digital certification.

ICAI President’s Message – July 2021

July 1, 2021 1245 Views 0 comment Print

ICAI celebrates 73rd Foundation Day on July 1 every year which is widely celebrated as Chartered Accountants Day (CA Day). A very hearty congratulation to all colleagues!

Interest Equalization Scheme for Pre & Post Shipment Rupee Export Credit extended

July 1, 2021 1488 Views 0 comment Print

Government of India has approved the extension of Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, with the same scope and coverage, for a further period of three months, i.e., up to September 30, 2021. The extension takes effect from July 01, 2021 and ends on September 30, 2021 covering a period of three months.

Provisions related to Superior Voting Rights Shares Framework- SEBI Paper

July 1, 2021 1287 Views 0 comment Print

SEBI solicit views on the proposal to review the following provisions related to Superior Voting Rights Shares (SR shares) framework pertaining to:-i. net-worth requirements of SR shareholder, ii. issuance of SR shares to trusts/ entities on behalf of founders/ promoters, iii. timing of issuance of SR shares.

No confiscation of finished goods under excise in absence of finding of attempted Clandestine Removal

July 1, 2021 420 Views 0 comment Print

Maa Santoshi Tobacco Co. Vs Commissioner, Central Goods and Service Tax (CESTAT Delhi) I find that only for not finding the statutory register being RG-I and Form-4 at the time of inspection by the Officers of DGCEI, adverse inference have been drawn without reference to the records of the appellant available with the Department, being […]

CBIC Notifies Rate of Exchange of Foreign Currencies wef 02.07.2021

July 1, 2021 3486 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 2nd July, 2021, vide Notification No. 57/2021 – Customs (N.T.) |  Dated: 1st July, 2021 Government Of India Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) New Delhi ***** Notification No. 57/2021-Customs (N.T.) | Dated: 1st […]

Greetings on the occasion of 4th Anniversary of GST

July 1, 2021 954 Views 0 comment Print

GST is the perfect and most shining example of Cooperative Federalism in the country. It is driven by the spirit of a common objective for the benefit of the nation as a whole. I extend. on the occasion of its fourth anniversary, on behalf of the Board and on my personal behalf, a sincere thanks and greetings to you and to all the stakeholders, especially the taxpayers.

DGFT enlist Oriental Chamber of Commerce & Industry under Appendix 2E

July 1, 2021 693 Views 0 comment Print

M/s. Oriental Chamber of Commerce and Industry is enlisted under Appendix 2E of FTP, 2015-2020 for issuing Certificate of Origin (Non-Preferential) vide Public Notice No. 11/2015-2020 | Dated: 1st July, 2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Public Notice No. 11/2015-2020 […]

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