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Archive: August, 2022

Posts in August, 2022

Classification of Lithium Ion Cell for use in manufacture of LED Emergency Bulb/Light

August 10, 2022 3291 Views 0 comment Print

Clarification on issue as to whether the goods sought to be imported namely Lithium Ion Cell (Captive Consumption — For LED)” merits benefit under Sr. No. 471 of Exemption Notification No. 50/2017-Cus. dated 30.06.2017, as amended by Notification No. 02/2021-Cus. dated 01.02.2021 as part for use in manufacture of LED Emergency Bulb/ Light.

Exemption from BCD & IGST with respect to import of cable laying vessel

August 10, 2022 2277 Views 0 comment Print

The applicant intends to claim exemption from basic customs duty and Integrated Goods and Service Tax with respect to the import of cable laying vessel, as per Sr. Nos. 555 and 557C of the Notification No. 50/2017-Customs, dated June 30, 2017.

Income-tax payer cannot Join Atal Pension Yojana wef 1st October 2022

August 10, 2022 9171 Views 1 comment Print

Government notified that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join Atal Pension Yojana (APY). In case a subscriber, who joined on or after 1st October, 2022, is subsequently found to have been an income-tax payer on or before the date of application, the […]

‘Indra Smart Pro’ EVSE merits classification under subheading 85371000

August 10, 2022 873 Views 0 comment Print

Applicant has indicated that they propose to import Indra Smart Pro The device provides electric power to the charger on board an EV which will, in turn, re-charge the vehicle’s batteries.

Recommendations of Working group on Digital Lending – Implementation

August 10, 2022 894 Views 0 comment Print

Reserve Bank is statutorily mandated to operate the credit system of the country to its advantage1. In this endeavour, the Reserve Bank has encouraged innovation in the financial system, products and credit delivery methods while ensuring their orderly growth, preserving financing stability and ensuring protection of depositors’ and customers’ interest.

RBI cancels licence of Rupee Co-operative Bank Ltd, Pune

August 10, 2022 864 Views 0 comment Print

Reserve Bank of India (RBI), vide order dated August 08, 2022, has cancelled the licence of “Rupee Co-operative Bank Ltd, Pune

GST payable on interest component of EMI of Credit Card loan: Calcutta HC

August 10, 2022 3789 Views 0 comment Print

HIGH COURT OF CALCUTTA: Ramesh Kumar Patodia v. Citi Bank [WPO NO. 547 OF 2019 JUNE 24, 2022 ] Facts: ♦ Petitioner is a holder of a valid Citi Bank Credit Card issued by the respondent no. 1/Bank. He was granted an instant loan by the Bank at a specified rate of interest above the credit limit. […]

Analysis of provisions of appeal under Maharashtra settlement of arrears of Tax, interest & penalty act 2022

August 10, 2022 2466 Views 0 comment Print

An in-depth analysis of the provisions of appeal under the Maharashtra Settlement of Arrears of Tax, Interest, and Penalty Act 2022.

Pass Percentage of CA Foundation Examination June 2022

August 10, 2022 8850 Views 0 comment Print

RESULTS OF CHARTERED ACCOUNTANTS FOUNDATION EXAMINATION HELD IN JUNE- 2022 PRESS RELEASE The result of the Foundation Examination Held in June 2022 was declared recently. The details of percentage of candidates passed in the above said examination are given below: GENDER No. of candidates appeared No. of candidates passed % of Pass No. of Exam […]

IBBI disposes off 6,172 complaints out of 6,231 against service providers under IBC

August 10, 2022 486 Views 0 comment Print

Till 31st July, 2022, the IBBI had received 6,231 such complaints and grievances, of which 6,172 have been disposed after examination.

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