Custom Tariff Notification No. 61/2019-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 61/2019-CUSTOMS (N.T.) New Delhi, 14th August, 2019 S.O. 2946(E).– In exercise of […]
There have been reports in the media about Income Tax notices being issued to Durga Puja Committees in Kolkata recently. The reports also mention that Income Tax notices were sent to the Durga Puja Committee Forum in the last few weeks. It is unequivocally stated that the said reports are factually incorrect and are strongly denied. It is a fact that no notice was issued to the Durga Puja Committee Forum by the Department during this year.
Mumbai Bench of CESTAT has held that there is no estoppel in raising classification dispute in subsequent import of a product and that in the absence of appropriate classification there was nothing binding to treat previous classification as the sole option.
THE COMPETITION COMMISSION OF INDIA NOTIFICATION New Delhi, the 13th August, 2019 The Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2019 F.No. CCI/CD/Amend/Comb. Regl./2019.—In exercise of the powers conferred by section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India […]
The Consumer Protection Act, 2019 to be more holistic and stringent to protect interest of consumers: Shri Ramvilas Paswan The Consumer Protection Act 2019 will be more holistic and stringent once the rules are framed to protect the interest of the Consumer ,stating this at a press conference today Union Minister for Consumer Affairs ,Food […]
Amendment in Exchange Rate of Swiss Franc for imported and export goods notified vide Exchange Rates Notification No.59/2019-Custom(NT), Dated 13.08.2019 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No.59/2019 – Customs (N.T.) Dated the 13th August, 2019 22 Shravana, 1941 (SAKA) In exercise of the powers […]
Dive into the world of valuation with ‘Valuation: Professionals’ Insight’ by ICAI. Explore the regulatory framework, standards, and perspectives shaping the valuation profession in India. Gain valuable insights into business valuation with this comprehensive series.
The well recognized bodies like ICAI, ICMAI, ICSI, Etc., are well constituted with their own laws, rules, regulations, guidelines, and professional ethics for deliverance of the professional services by their certified members. Prime among those things is confining to the particular profession alone in which those professional bodies have issued the certificate to practice.
Seeks to impose anti-dumping duty on imports of ‘Homopolymer of vinyl chloride monomer (suspension grade)’ originating in or exported from China PR and USA for 30 months with effect from 13th August, 2019, in pursuance of SSR investigation by DGTR vide Notification No. 32/2019-Customs (ADD) Dated 10th August, 2019. MINISTRY OF FINANCE (Department of Revenue) […]
Business organisations enter into a bunch of restructuring transactions which satisfy the definition of business combinations as per Ind AS 103. There is also a requirement to understand the accounting, tax, presentation and reporting requirements in the case of common control transactions.
