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Archive: September, 2021

Posts in September, 2021

Validity of FTP 2015-2020 extended upto 31st March, 2022

September 28, 2021 7899 Views 2 comments Print

The existing Foreign Trade Policy 2015-2020 which is valid upto 30th September, 2021 is extended upto 31st March, 2022 vide Notification No. 33/2015-2020 – DGFT Dated: 28th September, 2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade New Delhi Notification No. 33/2015-2020 – DGFT Dated: 28th September, […]

Validity of HBP 2015-2020 extended upto 31st March, 2022

September 28, 2021 1677 Views 0 comment Print

Validity of the existing Hand Book of Procedures, 2015-20 is extended upto 31st March, 2022 vide Public Notice No. 25/2015-2020-DGFT Dated: 28th-September, 2021. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade New Delhi Public Notice No. 25/2015-2020-DGFT Dated: 28th-September, 2021 F. No. 01/75/171/00002/AM22/FTP.— In exercise of powers […]

More than 22000 compliances reduced in Government.

September 28, 2021 972 Views 0 comment Print

Secretary DPIIT said that more than 22,000 compliances have been reduced by Union Ministries, States & UTs so far under the initiative and about 13,000 compliances simplified while more than 1,200 processes have been digitized. It may be noted that during last fee years 103 offences have been decriminalized and 327 redundant provisions/laws removed.

AD banks can use any widely accepted/Alternative reference rate in place of LIBOR

September 28, 2021 777 Views 0 comment Print

In view of the impending cessation of LIBOR as a benchmark rate, it has been decided to permit AD banks to use any other widely accepted/Alternative reference rate in the currency concerned for such transactions.

Anti-dumping investigation on imports of Decor Paper from China

September 28, 2021 3234 Views 1 comment Print

The product under consideration includes decor paper used by the producers of laminates which includes various types of decor paper, such as surfacing paper (white/off-white), liner (white / off-white), barrier paper, shuttering base, overlay paper and print base paper (color/white).

GST – Export related clarification

September 28, 2021 23169 Views 1 comment Print

IN order to facilitate and promote export of Goods and Services from India and make it hassle free, CBIC has issued three nos. of clarification circulars dt. 20.09.2021 to clarify certain issues which are being litigated / disputed by the department and field officers. The issues being clarified are as below: 1. Refund of un-utilized […]

Rule 86A provides for Interim restriction of attachment, bi-parte hearing order should be passed to make it permanent

September 28, 2021 3702 Views 0 comment Print

Sahil Enterprises Vs Union of India (Tripura High Court) In M/s Sahil Enterprises. v. Union of India. [IA No.1/2021 with WP(C) No.531/2021 dated September 14, 2021], M/s Sahil Enterprises (Petitioner) has filed the current application seeking interim relief for removing the provisional attachment which was ordered by the Commissioner of Central Goods and Services Tax, […]

ICSI Request for extension of time limit for filing of DIR-3 KYC

September 28, 2021 10518 Views 2 comments Print

The OTP generated is not getting transmitted to the registered mobile numbers of non-resident directors and foreign directors. Sometimes the OTP generated is not transmitted to e-mail IDs. Without the filling of OTPs, the e-form DIR-3 KYC cannot be filed.

Relief Measures for the Telecom Sector and SDG

September 28, 2021 1341 Views 0 comment Print

On 15th September, 2021, the Union Cabinet approved major reforms in the Telecom sector. According to the telecom minister, Ashwani Vaishnaw, the said reforms will have the effect of overhauling the framework of the entire telecom sector, as well as broaden the industry. The telecom sector has remained cash-strapped for a fairly long period of […]

Problems in Faceless Assessments & Appeals and VSV related issues

September 28, 2021 10200 Views 0 comment Print

Representation regarding problems in Faceless Assessments & Faceless Appeals and Issues relating to VSV Matters to Chairman, Central Board of Direct Taxes. DIRECT TAXES PROFESSIONALS’ ASSOCIATION Income Tax Building, 3, Govt. Place West, Ground Floor, Kolkata 700001 Ph 033-22420638 Email : dtpakolkata@gmail.com Ref. No. – DTPA/Rep/21-22/002 28th September, 2021 To, The Chairman, Central Board of Direct Taxes, […]

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