"29 August 2023" Archive

Plywood and Wooden flush door shutters (Quality Control) Order, 2023

Order No. S.O. 3841(E) 29/08/2023

MINISTRY OF COMMERCE AND INDUSTRY (Department for Promotion of Industry & Internal Trade) ORDER New Delhi, the 29th August, 2023 S.O. 3841(E).—In exercise of the powers conferred by section 16 of the Bureau of Indian Standards Act, 2016 (11 of 2016), the Central Government, after consulting the Bureau of Indian Standards, is of the ...

Disclosures pertaining to Analysts/Institutional Investors Meet of a Listed Entity

Exploring SEBI's 2023 amendment on disclosure requirements for Analysts/Institutional Investors Meet. Discover the implications for listed entities and investors....

Posted Under: Corporate Law |

Adjudicating Authority must provide hearing opportunity before passing an adverse order

B L Pahariya Medical Store Vs State of U.P. (Allahabad High Court)

Analysis of B.L. Pahariya Medical Store Vs State of U.P.: Allahabad High Court emphasizes the importance of personal hearing before passing adverse orders....

Flexibility in Social Stock Exchange (SSE) Framework

An in-depth analysis of SEBI's consultation paper on enhancing flexibility in Social Stock Exchange (SSE) framework, its current status, challenges, and proposed solutions....

Posted Under: Corporate Law |

SEBI’s New Cybersecurity Guidelines for Market Infrastructure Institutions

Circular No. SEBI/HO/MRD/TPD/P/CIR/2023/146 29/08/2023

SEBI releases updated cybersecurity guidelines for MIIs. Dive deep into the robust security measures, practices, and compliance regulations for a secure securities market....

Anti-Dumping Duty Imposed on Fishing Net Imports

Notification No. 08/2023-Customs (ADD), [G.S.R. 634(E).] 29/08/2023

The Ministry of Finance has issued Notification No. 08/2023-Customs (ADD) Dated: 29th August, 2023 imposing anti-dumping duty on fishing net imports from China PR and Malaysia. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 08/2023-Customs (ADD) | Dated: 29th August, 2023 G.S.R. 634(E).—Whereas, the designated...

Non-adjudication of notice within time limit prescribed u/s 28(9) of Customs Act is unsustainable

Swatch Group India Pvt Ltd & Ors Vs Union Of India & Ors (Delhi High Court)

Delhi High Court held that in terms of section 28(9) of the Customs Act the show cause notice needs to be adjudicated within a period of six months or within one year. Adjudication of notice after expiry of the said period is time-barred....

Depreciation u/s 32 not available in absence of any business activity

Arrow Manpower Services (P) Ltd. Vs ACIT (ITAT Delhi)

ITAT Delhi held that depreciation under section 32 of the Income Tax Act not available as the assessee is not carrying on any business activity....

Sugar cess paid on import of raw sugar duly available as cenvat credit

Renuka Sugars Limited Vs C.C.E. & S.T.-Rajkot (CESTAT Ahmedabad)

CESTAT Ahmedabad it is settled legal position that cenvat credit on the sugar cess paid as part of CVD in respect of import of raw sugar is duly available....

Revocation of license of authorized courier unjustified in absence of any role in impugned smuggling

UPS Jet Air Express Pvt Ltd Vs Chief Commissioner of Customs (CESTAT Chennai)

CESTAT Chennai held that order of revocation of license as authorized courier unjustified as appellant didn’t played any role the impugned smuggling of gold and other commercial goods....

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