Learn about SOP for monitoring Export obligation fulfillment under EPCG and Advance authorization schemes by Chennai Customs.
ICSI letter to Ministry of Corporate Affairs addressing pending issues on MCA-21 V3 Portal. Stay updated on key concerns and resolutions.
ICSI urged Ministry of Corporate Affairs to amend Companies Act, 2013, advocating for shareholders to have power to appoint & remove Secretarial Auditors.
An in-depth look into CBI’s arrest of two DGFT officers and a private company MD in a bribery case, along with a related case of bribery involving Central Excise officials and company representatives.
RBI’s recent announcement on phasing out of Incremental Cash Reserve Ratio (I-CRR). Understand impact on system liquidity and what it means for various types of banks.
Job work under GST is the processing of goods supplied by the principal. The concept of job work already exists in Central Excise, where major manufacturers can send inputs or semi-finished goods to job workers for further processing.
Explore the latest CBIC amendments in the Central Goods and Services Tax Rules, introducing Rule 31B and Rule 31C. Understand the valuation of supply in online gaming and casinos, unraveling the intricacies of money, digital assets, tokens, chips, and more. Stay informed on the impact of these changes for players and suppliers in the gaming industry.
CESTAT Chandigarh held that scrap generated during manufacture can be removed without payment of duty for job work and can be used as inputs.
ITAT Chandigarh held that mere non-accounting of the expired stock as part of the opening stock would not have any impact on the profitability. Accordingly, addition thereof is liable to be deleted.
ITAT Raipur held penalty imposed u/s. 270A of the Income Tax Act clearly falls within the realm of orders appealable before the CIT(Appeals) u/s. 246A of the Income Tax Act.
