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

September 15, 2023 660 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 873 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 1212 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 2136 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 26577 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 2064 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 1722 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 786 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 7986 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.

CBIC Resolves 13,366 Public Grievances

September 13, 2023 477 Views 0 comment Print

CBIC prioritized the disposal of VIP references and public grievances. A remarkable 80 VIP references, 11,284 public grievances, and over 2,082 public grievance appeals were successfully resolved.

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