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Govt notifies jurisdiction for Competent Authorities under Benami Act

July 19, 2021 3951 Views 0 comment Print

Central Government allocates jurisdiction among Competent Authorities authorized under section 5(1) of Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 for the purpose of section 7 of the Prohibition of Benami Property Transactions Act 1988 MINISTRY OF FINANCE (Department of Revenue) (COMPETENT AUTHORITY CELL) New Delhi Notification No.02 of 2021 |  Dated: 19th […]

Notification No. 37/2021-Customs – Clarifying leviability of IGST

July 19, 2021 3735 Views 0 comment Print

Seeks to amend notification No. 46/2017-Customs dated 30th June, 2017, to clarify leviability of IGST, on recommendation of the GST Council vide Notification No. 37/2021-Customs | Dated: 19th July, 2021. Following clause (d) inserted in Notifications No. 45 & 46 –Customs (d) on the recommendation of the GST Council, for removal of doubt, it is […]

Notification No. 36/2021-Customs – Clarifying leviability of IGST

July 19, 2021 4989 Views 0 comment Print

Seeks to amend notification No. 45/2017-Customs dated 30th June, 2017, to clarify leviability of IGST, on recommendation of the GST Council vide Notification No. 36/2021-Customs | Dated: 19th July, 2021. Following clause (d) inserted in Notifications No. 45 & 46 –Customs (d) on the recommendation of the GST Council, for removal of doubt, it is […]

Advance Ruling cannot be misused when GST DRC-01A has already been issued

July 19, 2021 2124 Views 0 comment Print

We hold that the Authority has been empowered vide Section 104 of CGST Act to declare a Ruling void abinitio. We hold that the Advance Ruling cannot be used as a mechanism to nullify and frustrate the inquiry proceedings already initiated vide section 70(1) of CGST Act. Further, we hold that Advance Ruling cannot be misused when GST DRC-01A has already been issued, even prior to filing of Advance Ruling application.

Date extended for Mandatory electronic filing of Non-Preferential CoO

July 19, 2021 981 Views 0 comment Print

Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 01st Oct 2021 Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Dated: 19.07.2021 Udyog Bhawan, New Delhi Trade Notice No. 10/2021-2022 To, 1. All Exporters/Members of Trade 2. […]

Registration Process for Vintage Motor Vehicles formalized

July 18, 2021 690 Views 0 comment Print

Minister of Road Transport and Highways Shri Nitin Gadkari has said with an aim to preserve and promote the heritage of vintage vehicles, the registration process of Vintage Motor Vehicles has been formalized.

Extraordinary Writ Jurisdiction cannot be invoked in case of Fake ITC & Bills

July 16, 2021 5175 Views 0 comment Print

M/s. Ajanta Industries Vs Commissioner of Central Goods and Services Tax and Anr. (Delhi High Court) It is settled law that a petitioner who files a petition invoking the extra ordinary writ jurisdiction has to come to Court with clean hand. Further, a petitioner who seeks equity must do equity. In commercial/appellate jurisdiction, a Court […]

Govt constitutes Advisory Board under COFEPOSA

July 16, 2021 3489 Views 0 comment Print

Central Government hereby reconstitutes an Advisory Board with immediate effect for a period upto 22.3.2022 under Section 8(a) of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA, 1974). MINISTRY OF FINANCE (Department of Revenue) (CENTRAL ECONOMIC INTELLIGENCE BUREAU) NOTIFICATION New Delhi, the 16th July, 2021 G.S.R. 491(E).—In exercise of the […]

Stock limits on pulses not been removed- Govt Clarifies

July 16, 2021 513 Views 0 comment Print

There is a WhatsApp message being circulated that stock limits on pulses have been removed. In this regard it is clarified that Stock limits imposed on Pulses vide Order dated 2.7.21 have not been removed and are being enforced. Government is closely monitoring the implementation of these Orders by the States.

Implementation of RMS for processing of Duty Drawback claims

July 15, 2021 2595 Views 0 comment Print

RMS will process the shipping bill data after the Export General Manifest (EGM) is filed electronically and will provide required output to ICES for selection of shipping bills for risk-based processing of duty drawback claims.

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