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Production Linked Incentive Scheme

March 11, 2021 3111 Views 0 comment Print

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22.

DGGI Gurugram officials arrest 2 for GST Fraud of Rs 690 crore

March 9, 2021 8481 Views 0 comment Print

Both the accused, resident of Sirsa, Haryana, had relocated to Nepal in a bid to escape being caught and to perpetuate the fraud. After a tip off they were nabbed and were found to be in possession of huge incriminating documents and gadgets in the form of multiple laptops, multiple smart phones, debit cards, PAN and Aadhar details of multiple persons, multiple notary stamps etc.

GST compensation shortfall released to States reaches Rs. 1.06 lakh crore

March 9, 2021 522 Views 0 comment Print

The Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of Rs. 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been released to 7 States and an amount of Rs. 0.05 crore has been released to the Union Territory of Puducherry.

Officer who did assessment, can only undertake re-assessment -Section 28(4) – Customs Act, 1962

March 9, 2021 22545 Views 0 comment Print

M/S Canon India Private Limited Vs Commissioner of Customs (Supreme Court of India) The main issue is whether after clearance of the cameras on the basis that they were exempted from levy of basic Customs duty under Notification No. 15/2012, the proceedings initiated by the Directorate of Revenue Intelligence for recovery of duty not paid […]

RBI notifies qualified financial market participants & Contracts

March 9, 2021 2376 Views 0 comment Print

Reserve Bank of India hereby specifies the following entities as qualified financial market participants to deal in qualified financial contracts, namely: – a. Entities licensed by RBI to do banking business, but not included in the second schedule to the Reserve Bank of India Act, 1934 (2 of 1934); b. “Export-Import Bank of India” established under the Export-Import Bank of India Act, 1981 (28 of 1981);

Details of Central Taxes collected by Union Govt for FY 2020-21

March 8, 2021 5448 Views 0 comment Print

The Minister further gave the tax-wise target for Central taxes to be collected from 1st April, 2020 to 31st March, 2021, tax-wise is as under:-

MAHARERA: Standardized formats for Legal title report & consent of flat buyers

March 8, 2021 65442 Views 0 comment Print

It has been decided the provide a format for Legal Title Report. This format is Annexed as Format A and the applicant should upload this format at the place of Legal Title Report in the application for registration of the project.

Due date for Payment of Excise Duty for the Month of February, 2021

March 6, 2021 6924 Views 0 comment Print

Attention Manufacturer registered under Central Excise Act, 1944! Due date for payment of Excise Duty through internet banking for the goods manufactured and cleared during the month of February, 2021 is March 06, 2021. Ministry of Finance Government of India Hurry! Manufacturer Registered Under Central Excise Act, 1944 Remember due date for payment of Excise […]

‘Cut-copy-paste’ function by a Judge should not become a substitute for substantive reasoning

March 5, 2021 2583 Views 0 comment Print

Union Public Service Commission Vs Bibhu Prasad Sarangi and others (Supreme Court) Cutting, copying and pasting from the judgment of the Tribunal, which is placed in issue before the High Court, may add to the volume of the judgment. The size of judicial output does not necessarily correlate to a reasoned analysis of the core […]

Anti-dumping investigation on imports of Viscose Staple Fibre – Reg.

March 5, 2021 570 Views 0 comment Print

Case No. SSR-AD-03/2021 – Corrigendum to initiation notification issued in Sunset review anti-dumping investigation concerning imports of Viscose Staple Fibre originating in or exported from China PR and Indonesia.

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