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Archive: 01 March 2022

Posts in 01 March 2022

Advisory for IGCR Admin officers to access IGCR Module at ICEGATE

March 1, 2022 3630 Views 1 comment Print

Advisory for IGCR Admin officers to access IGCR (Import of Goods at Concessional Rate of duty) module at ICEGATE- IGCR module is developed by ICEGATE CBIC to provide a digital service to importers to avail benefits under the IGCR Rules (Import of Goods at Concessional Rate of Duty)

Advisory for Importers to avail benefit of IGCR Rules

March 1, 2022 7404 Views 0 comment Print

Advisory for Importers to avail benefit of IGCR Rules (Import of Goods at Concessional Rate of duty) – IGCR module is developed by ICEGATE, CBIC to provide a digital service to importers to avail benefits under the IGCR Rules (Import of Goods at Concessional Rate of Duty).

Maharashtra government decides to relax Covid restrictions from March 4

March 1, 2022 5337 Views 0 comment Print

The state government has decided to relax the restrictions imposed on the state from March 4. Administrative factors are classified as ‘A’ and ‘B’ according to the Covid current status, risk, vaccination status, positivity rate and number of beds occupied by patients.

HC grants Bail to CA in alleged case of involvement in Bribery

March 1, 2022 5265 Views 0 comment Print

Applicant, who is a qualified Chartered Accountant (CA), was arrested on 31.12.2021, whereafter he was remanded to police custody till 08.01.2022, and ever since 09.01.2022, he is in judicial custody.

Issue of Section 148 notice on non-existing entity is not a curable mistake

March 1, 2022 3969 Views 0 comment Print

Where notice under section 148 was issued to a non-existing entity as said entity ceased to exist at the time of the issue of the notice on account of merger; the said notice was liable to be quashed and it was not an error that could be corrected under section 292B.

SVLDRS benefit not available if petitioner not complies with its conditions: SC

March 1, 2022 2943 Views 0 comment Print

Yashi Constructions Vs Union of India (Supreme Court of India) It is an admitted fact that the petitioner did not deposit the amount under the Sabka Vishwas – (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS) within the time limit provided under the Scheme, i.e., within 30 days. In that view of the matter, the High Court […]

Excise Duty: Mere embossing Customer name on goods not amounts to Branding if such goods are not sold by customers of Manufacturer

March 1, 2022 969 Views 0 comment Print

Mohanlal Jewellers Pvt. Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai) In this case department opined that the appellant manufactured gold coins bearing a brand name of others and thus gold manufactured by them attract 1% duty in terms of Notification No.12/2012-CE dated 17.03.2012 as per Sl. No. 200. The appellants in the […]

Section 70 of Rajasthan GST is within the competence of legislature: HC

March 1, 2022 1836 Views 0 comment Print

S.K. Metal Vs Assistant Commissioner (Rajasthan High Court) Section 70 (Power to summon persons to give evidence and produce documents) of Rajasthan Goods and Service Tax Act, 2017 is within the competence of legislature and not opposed to any of the fundamental rights or other provisions of the Constitution of India As per sub-Section (1) […]

Alternatives to Traditional Re-Insurance

March 1, 2022 3150 Views 0 comment Print

Explore the dynamic world of Alternative Risk Transfer (ART) and discover innovative solutions beyond traditional re-insurance. From risk retention groups and insurance pools to captives and securitization, learn how ART can enhance your risk management strategies. Delve into the complexities, benefits, and evolving landscape of ART in this comprehensive guide.

Recovery Officer of Bank cannot continue Auction Sale if dues are Paid before Sale

March 1, 2022 2976 Views 0 comment Print

The BOB had already received the entire amount and, written an application to the Recovery Officer for cancellation of the sale process, but despite that the Recovery Officer had proceeded to confirm the sale wholly illegally and unauthorizedly.

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