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CBEC appoints Sandeep Mohan Bhatnagar as Director General (Safeguard)

August 4, 2017 1722 Views 0 comment Print

Appointment Shri Sandeep Mohan Bhatnagar as the Director General (Safeguard) for the purposes of the Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997

National Institutes of Technology, Science Education and Research (Amendment) Act, 2017

August 4, 2017 1650 Views 0 comment Print

1. Short title and commencement.:- (1) This Act may be called the National Institutes of Technology, Science Education and Research (Amendment) Act, 2017. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

GST : Frequently Asked Question (FAQs) on Export

August 3, 2017 17313 Views 3 comments Print

Under the GST Law, export of goods or services has been treated as: inter-State supply and covered under the IGST Act., zero rated supply i.e. the goods or services exported shall be relieved of GST levied upon them either at the input stage oral the final product stage.

MVAT: Refunds of security deposit given at the time of Voluntary Registration

August 3, 2017 54231 Views 17 comments Print

The person applying for voluntary registration has to deposit an amount of Rs. 25000/- by way of security deposit at the time of registration as per the proviso to section 16(2) of the Maharashtra Value Added Tax Act, 2002. Such deposit is not liable for adjustment against tax payable as per return or towards any other liability under MVAT Act, 2002. The person applying for voluntary registration has to deposit an amount of Rs. 25000/- by way of security deposit at the time of registration as per the proviso to section 16(2) of the Maharashtra Value Added Tax Act, 2002.

Rate of exchange of conversion of foreign currency WEF 04.08.2017

August 3, 2017 1185 Views 0 comment Print

CBEC hereby determines rate of exchange of conversion of each of the foreign currencies WEF 04.08.2017 vide Notification No. 75/2017-Customs (N.T.)

Order No. 132/2017: Additional charges to officers in CCIT grade

August 3, 2017 1230 Views 0 comment Print

The following officers in the grade of CCIT are, hereby, ordered to hold the charge (s) indicated against their names in addition to the substantive charge/ additional charge(s) being held by them, with immediate effect and until further orders

Products accorded approval by SEBI for trading in stock exchanges in GIFT City IFSC

August 3, 2017 705 Views 0 comment Print

Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC) has been set up with an objective to, inter alia, enable Indian entities to compete on an equal footing with offshore financial centres and to provide facilities and regulations comparable to other leading international financial centres in the world.

‘Telematics’ and role it can play in Motor Insurance

August 3, 2017 2529 Views 0 comment Print

The world of technology is dynamic. Technology constantly makes waves in every field and the insurance industry too has benefitted immensely from the advantages technology offers. In this paper, we restrict ourselves to the concept of ‘Telematics’ and the role it can play in Motor Insurance.

Search, Re-Assessment etc. of Non-Existent Entity is Invalid

August 3, 2017 2832 Views 0 comment Print

Proceedings under Section 148 of the Act which commenced with the notice dated 3rd April, 2012 issued to VBPPL were itself void ab initio for the simple reason that on that day VBPPL was not in existence as a result of the order dated 20th February, 2013 of the High Court approving its amalgamation with the Petitioner with effect from 1st April, 2012. The question of revival of such proceedings at a later point in time, with there being no change to the legal position regarding VBPPL having ceased to exist, does not arise.

Cheer from RBI! Repo rate cut by 25 basis points to 6%

August 2, 2017 912 Views 0 comment Print

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect.

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