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"29 November 2021" Archive

RBI supersedes Board of Directors of ‘Reliance Capital Ltd’

Press Release: 2021-2022/1272 and Press Release: 2021-2022/1285 29/11/2021

Reserve Bank has today superseded the Board of Directors of M/s Reliance Capital Ltd (RCL) in view of the defaults by RCL in meeting the various payment obligations to its creditors and serious governance concerns which the Board has not been able to address effectively....

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SEBI Master Circular for Infrastructure Investment Trusts (InvITs)

Master Circulars No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/673 29/11/2021

Securities and Exchange Board of India MASTER CIRCULAR SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/673 November 29, 2021 All Infrastructure Investment Trusts (“InvITs”) All Parties to InvITs All Recognised Stock Exchanges All Merchant Bankers and other Intermediaries Madam/ Sir, Sub: Master Circular for Infrastructure Investment Trusts (InvITs)...

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SEBI Master Circular for Real Estate Investment Trusts (REITs)

Master Circular No. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/674 29/11/2021

Securities and Exchange Board of India MASTER CIRCULAR SEBI/HO/DDHS/DDHS_Div3/P/CIR/2021/674 November 29, 2021 All Real Estate Investment Trusts (“REITs”) All Parties to REITs All Recognised Stock Exchanges All Merchant Bankers and other Intermediaries Madam/ Sir, Sub: Master Circular for Real Estate Investment Trusts (REITs) 1. For e...

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HC Quashed order Cancelling GST Registration without opportunity of hearing

S.S. Traders Vs State of U.P And 3 Others (Allahabad High Court)

HC quashed the cancellation of GST registration order as no opportunity of hearing was accorded. Further, said that the denial of opportunity of hearing to the assessee as is mandated in the first proviso to Section 29(2) of the Central Goods and Services Tax Act, 2017 (CGST Act) vitiates the proceedings as well as the orders cancelling t...

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SC quashes Service Tax Demand on G. D. Goenka World Institute

G. D. Goenka World Institute Vs Union of India (Supreme Court of India)

G. D. Goenka World Institute Vs Union of India (Supreme Court of India) This appeal takes exception to the judgment and orders dated 06.12.2018 passed by the Customs, Excise and Service Tax Tribunal at Chandigarh vide Interim Order No. IO/60/2018 [DB] in Appeal bearing Diary No. 602532016, whereby the prayer to excuse the appellant from [...

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Imported goods once cleared for Home Consumption cease to be imported goods

Subir Modak Vs CC (CESTAT Kolkata)

Subir Modak Vs CC (CESTAT Kolkata) From the above definitions, it is clear that even if the goods are of foreign origin, if they have been imported and cleared for home consumption, they cease to be imported goods thereafter and the importer ceases to be the importer. Therefore, no duty can be assessed on such […]...

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Availability of ITC if not appearing in GTSR-2A –Shree Ganesha of Litigation

Availability of ITC if not appearing in GTSR-2A –Shree Ganesha  of Litigation: – ( Pertaining to FY 2017-18 , 2018-19 & some Part of FY 2019-20) Many Registered Dealer under GST (either suo-moto or as per legal advice or due to prevalent practice) conservatively have not availed the ITC of the invoices not reflected in [&hell...

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Posted Under: Fema / RBI |

Weekly Newsletter from Chairman, CBIC dated 29/11/2021

D.O.No.99/CH(IC)/2020 29/11/2021

At Lucknow, in her speech during the Investiture Ceremony, the Hon'ble Finance Minister found similarities of the department with the armed forces. She also gave us salutary advice not be lax in GST collections since it is a thermometer for judging the health of the economy, watched closely by both the lay man and economic pundits alike....

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Export Policy of Agar Oil & Agarwood Chips & Powder amended

Notification No. 45/2015-2020-DGFT [S.O. 4898(E)] 29/11/2021

Export policy of Agar Oil and Agarwood (Aquilaria Malaccensis) Chips and Powder has been amended from Free to Restricted with immediate effect. Export Quota of 25000 Kg per annum for Agarwood (Aquilaria Malaccensis) Chips and Powder and Export Quota of 1500 Kg per annum for Agar Oil has been notified. The policy condition regarding export...

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Export Policy of Fertilisers – Updation in List of Manufactures/Units of NP/NPK Fertilizers

Notification No. 44/2015-2020 [S.O. 4899(E)] 29/11/2021

List of Manufacturers / Units of NP / NPK, who can freely export their own manufactures subject to the conditions, have been amended by adding the name of M/s Universal Crop Protection to the list of existing entries. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi, the 29th [&he...

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