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Archive: 31 August 2021

Posts in 31 August 2021

Tariff Notification No. 69/2021-Customs (N.T.) Dated: 31.08.2021

August 31, 2021 1191 Views 0 comment Print

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- vide Tariff Notification No. 69/2021-Customs (N.T.) Dated: 31.08.2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 69/2021-CUSTOMS (N.T.) | Dated: 31st August, 2021 S.O. 3559(E).—In exercise of the powers conferred by sub-section […]

36 officers promoted to the Grade of CCIT

August 31, 2021 5586 Views 0 comment Print

Office Order No. 226 of 2021 Consequent upon approval of the Competent Authority, the following officers are, hereby, promoted to the grade of Chief Commissioner of Income Tax (CCIT) (level 16 in the pay matrix Rs. 2,05,400-2,24,400/-) for the panel year 2021 on in-situ basis with immediate effect or w.e.f. the date of assumption of charge of the post by them, whichever is later:

No section 40A disallowance on Cash Payment for fish or fish product

August 31, 2021 3912 Views 0 comment Print

CIT Vs Ayshwarya Sea Food Pvt. Ltd. (Madras High Court) on facts, the Commissioner of Income Tax (Appeals) and the Tribunal held that the assessee had purchased shrimp products from a supplier at Nellore and the explanation given by them at the first instance before the Assessing Officer is that they are doing shrimp feed […]

Sunset Review Investigation on imports of Ceramic Tableware & Kitchenware

August 31, 2021 423 Views 0 comment Print

Case No. AD (SSR)- 17/2021 | Initiation of Sunset Review Investigation concerning imports of Ceramic Tableware and Kitchenware, excluding Knives and Toilet items originating in or exported from China PR.

Sunset Review investigation on imports of Flexible Slabstock Polyol

August 31, 2021 468 Views 0 comment Print

The applicant has alleged likelihood of recurrence of dumping and injury of the subject goods originating in or exported from subject country and consequent injury to the Domestic Industry and have requested for review and continuation of the existing anti-dumping duties imposed of the subject goods from the subject country.

Karasamadhana Scheme, 2021 time extended till 30.10.2021

August 31, 2021 18972 Views 4 comments Print

Considering the request of the Karnataka State Tax Practitioners Association (R) Bengaluru, time for completion of assessments/re-assessments/rectification and other proceedings was extended upto 31.10.2021.

Roll out E-Commerce Rules under Consumer Protection Act: CAIT

August 31, 2021 729 Views 0 comment Print

In a communication sent to Union Minister Shri Piyush Goyal, Confederation of All India Traders has demanded immediate implementation of the E-commerce Rules under Consumer Protection Act,before the festive season begins, noting that almost 45 days has passed since the last date for draft suggestions was 21st July. Confederation of All India Traders Ref. No.: […]

Niti Aayog: National Monetization Pipeline

August 31, 2021 1377 Views 0 comment Print

National Infrastructure Pipeline (‘NIP’) explains the infrastructure vision for our nation by envisaging infrastructure investment of Rs. 111 lakh crores over five-year period from FY 2020 to FY 2025. With annual average investment of ~Rs. 22 lakh crores, this is a significant step-up (~2.5 times) vis-à-vis historical levels of spending on infrastructure. In line with […]

Ratios for CMA Report and Bank funding

August 31, 2021 73449 Views 1 comment Print

Few important points to be kept in mind for making Loan Proposal Bankable and should be given importance while making CMA Report for funding. Whenever projections are made for the Company for any loan or any project report, the Company should always keep few ratios in mind. CMA Report also known as Credit monitoring arrangement […]

GST on supply by Modal jail & Prisoner Training Rehabilitation & Welfare Society

August 31, 2021 984 Views 0 comment Print

In re superintendent Model Jail Chandigarh (GST AAR Chandigarh) ♦ Whether (a) Modal jail, Chandigarh and (b) Prisoner Training Rehabilitation and Welfare Society (Model Jail, Vocational Institute) is Government, Government Authority, Local Authority or Government entity; ♦ Whether furniture items manufacture by jail inmates are liable for GST, if supplied to a. Government, Government Authority, […]

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