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Implementation of section 28DA of Customs & CAROTAR, 2020

September 10, 2020 12246 Views 0 comment Print

Guidelines regarding implementation of section 28DA of the Customs Act, 1962 and CAROTAR, 2020 in respect of Rules of Origin under Trade Agreements (FTA/PTA/CECA/CEPA) and verification of Certificates of Origin- reg.

Exemption from issuing Insurance policy document in Physical Form

September 10, 2020 1521 Views 0 comment Print

IRDA hereby grants exemption to insurers from the requirement of (a) issuing policy document and (b) copy of the proposal in physical form in respect of the following, subject to insurers complying with certain requirements as stated in Para 3 of this circular.

Exemption from Issue of health insurance policies in Physical Form

September 10, 2020 1440 Views 0 comment Print

Insurers shall send the Health Insurance policy document and a copy of the proposal form through digital/electronic mode. They shall be sent to the registered e-mail id or mobile number provided by the customer only on the specific consent provided by the policyholder.

Re-lodgement of Transfer Requests of Shares

September 9, 2020 4320 Views 1 comment Print

It has been decided to fix March 31, 2021 as the cut-off date for re-lodgement of transfer deeds. Further, the shares that are re-lodged for transfer (including those request that are pending with the listed company / RTA, as on date) shall henceforth be issued only in demat mode.

SEBI automates disclosures under PIT Regulations for members of promoter group

September 9, 2020 5694 Views 0 comment Print

It has now been decided to implement the system driven disclosures for member(s) of promoter group and designated person(s) in addition to the promoter(s) and director(s) of company (hereinafter collectively referred to as entities) under Regulation 7(2) of PIT Regulations.

Pathetic work on scrutiny of GST returns

September 9, 2020 1716 Views 0 comment Print

As of now, more than 3 months have been passed and number of returns scrutinised by your superintendents are hopeless. Incidences have also come to my notice where the officers were making nuisance excuses to avoid the work. Now it’s time to fix all such useless elements.

ICAI issues FAQs on Practical Training

September 8, 2020 1446 Views 0 comment Print

Whether the period of absence arising out of lockdown due to COVID -19 pandemic w.e.f 24th March, 2020 till 3rd May, 2020 shall be counted as leave or being on articleship for the students who are already registered and undergoing Practical Training as on 24th March, 2020.

Allahabad HC rejects Bail plea of person accused of Smuggling Gold Biscuit

September 8, 2020 1596 Views 0 comment Print

After considering all the arguments advanced by the parties and the judgments relied upon by the parties and further considering to the nature of offence, its gravity and the evidence in support of it and the overall circumstances of this case, this Court is of the view that the applicant has not made out a case for bail.

Prohibited goods can be provisionally released under Customs Section 110A

September 8, 2020 4023 Views 0 comment Print

The Bombay High Court has held that Section 110A of the Customs Act, 1962 does not impose any limitation that the  goods  categorized as ‘prohibited goods’ under Section 2(33) cannot be subjected to provisional release under Section 110A.

Auto Let Export Order under Express Cargo Clearance System allowed

September 7, 2020 1536 Views 0 comment Print

CBIC has decided to allow the facility of Auto Let Export Order (LEO) under the Express Cargo Clearance System. The facility of Auto LEO has been developed by Directorate General of Systems & Data Management and is ready for launch.

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