Funding is an extremely important consideration for meeting the preliminary expenses for start-ups at initial stage. The first round of funding, popularly known as seed funding forms the basis of the start-up fundraising. The series funding helps in the evolvement of a start-up from a very basic stage to a full-fledged organization. SEED CAPITAL Start-up […]
Scheme for Remission of Duties and Taxes on Exported Products (RODTEP) was launched in 2020 from 1st January 2021 through the ministry of commerce and industry Govt. of India. This scheme is applicable to the export of products but not services. This scheme was enforced to repeal and reduce taxes for exported products and thereby […]
Darjeeling Tea is recognised for its unique flavour and qualities and has acquired tremendous domestic and international reputation. The DoC is in receipt of various communications raising concerns regarding import of tea from Nepal and the domestic sale of such imported teas as “Darjeeling Tea”, thereby adversely impacting the interests of the domestic Darjeeling Tea Planters.
Instruction No. 24/2021-Customs | Direction under Section 16 (5) of Food Safety and Standards Act, 2006 regarding extension of validity of NOC for Alcoholic Beverages Bottled in Origin & in Bulk-reg
Office Order No. 318 of 2021- The following transfer/postings of the officers in the grade of Chief Commissioners of Income Tax/Director Generals of Income Tax, are hereby ordered with immediate effect and until further orders
SEBI notifies Norms for Silver Exchange Traded Funds (Silver ETFs) and Revised Norms for Gold Exchange Traded Funds (Gold ETFs) vide Circular No. SEBI/HO/IMD/DF2/CIR/P/2021/668 Dated: November 24, 2021. Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2021/668 November 24, 2021 All Recognized Stock Exchanges/ All Custodians/ All Mutual Funds (MFs)/ All Asset Management Companies (AMCs)/ All […]
IBBI clarifies on issues in Filing of list of stakeholders under clause (d) of sub-regulation (5) of regulation 31 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016. Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi – 110001 CIRCULAR No. IBBI/LIQ/46/2021 24th November, 2021 To All […]
In re Vaibhav Enterprises (CAAR Delhi) To answer the posed question, I consider the five goods, namely API supari, Chikni supari, unflavored supari, boiled supari and boiled & cut supari together. In these cases, one set of processes are found to be intended for cleaning; the second set for enhancing preservation; and third set for […]
In re Amazon seller services Pvt Ltd (CAAR Mumbai) CAAR held that Smart plugs of model no. C2YY3N are rightly classifiable under sub-heading 85371000 of the first schedule to the Customs Tariff Act, 1975 and The said smart plugs would be eligible to claim benefit of serial number 490 of notification no. 50/2017-Cus., dated 30.06.2017. […]
In re Amazon seller services Pvt Ltd (CAAR Mumbai) From the functionality perspective, the product under consideration, therefore, appears to perform the function of reception, conversion and transmission in all three different scenarios described above. The first rule of interpretation of customs tariff is that goods under consideration should be classified in accordance with the […]
