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CBIC Reduces Excise Duty on Diesel Exports wef 16th September 2023

September 15, 2023 732 Views 0 comment Print

CBIC, Ministry of Finance, lowers special additional excise duty on diesel exports to Rs. 5.50 per litre, effective from September 16, 2023.

CBIC Amends Excise Duty on Petroleum Crude & ATF wef 16th September, 2023

September 15, 2023 630 Views 0 comment Print

CBIC, Ministry of Finance, amends excise duty rates on petroleum crude production and ATF exports, effective from September 16, 2023.

GST on Sub-Licensing Software, Market Support Fees & Taxable Value Calculation

September 14, 2023 852 Views 0 comment Print

Understand GST implications on sub-licensing software, market support fees, and taxable value for operating fees paid to a Central Hub by AVEVA Software Pvt Ltd in Tamil Nadu.

NCLAT Chennai: Malavika Hegde vs. IndusInd Bank – Settlement Terminates CIRP

September 14, 2023 1176 Views 0 comment Print

Read full text of NCLAT Chennai order in case of Malavika Hegde vs. IndusInd Bank, where a settlement led to termination of CIRP proceedings.

CBIC Norms for Cost Recovery Charges Exemption at AFS

September 14, 2023 1944 Views 0 comment Print

CBIC issues norms for posting officers and performance criteria for granting exemption from Cost Recovery Charges (CRC) at Air Freight Stations (AFS).

RBI Announces List of NBFCs in Upper Layer for 2023-24

September 14, 2023 25335 Views 0 comment Print

RBI has released list of NBFCs in Upper Layer under Scale Based Regulation for NBFCs for 2023-24. Learn more about classification and regulatory framework.

CAAR Ruling: Applicability of Duty Rates for X-Ray Tube & Spare Parts

September 14, 2023 1935 Views 0 comment Print

Read the Customs Authority’s ruling on the duty rates for X-Ray tubes and spare parts, their classification, and the impact on medical equipment imports.

Complex Web Portal Design Causes Missed GST Notice: HC Quashed Order

September 13, 2023 1683 Views 0 comment Print

Madras High Court quashes GST assessment orders for AY 2017-2022, citing a web portal design flaw that led to missed notices. Details and implications.

IBBI Suspends IP for Conducting CIRP Without Due Regard to Code

September 13, 2023 759 Views 0 comment Print

DC notes that Mr. Partha Sarathy Sarkar has conducted the entire CIRP of the CD in a brazen manner without having due regard the provisions of the Code and the regulations made thereunder. Keeping in view the grave nature of contraventions as detailed above, three years suspension is fully justified.

RBI’s Responsible Lending Guidelines for Release of Property Documents

September 13, 2023 7887 Views 1 comment Print

Reserve Bank of India issues guidelines for releasing movable and immovable property documents upon personal loan repayment. Learn more about responsible lending conduct.

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