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Forming an opinion that enquiry is required to be held is mandatory: HC

September 13, 2022 1923 Views 0 comment Print

Sunita Agarwal Vs Securities And Exchange Board of India (Gauhati High Court) Rule 4(3) of Securities and Exchange Board of India (Procedure for holding enquiry and imposing penalties) Rules, 1995  i.e. PR-1995 inter-alia provides that if after considering the cause shown pursuant to the notice under Sub-Rule 1, the adjudicating officer is of the opinion […]

Provisions for treatment of un-utilized quantities allocated under TRQ for import of crude soya bean & crude sun flower oil

September 12, 2022 897 Views 0 comment Print

Provisions for treatment of un-utilized quantities allocated under TRQ for import of crude soya bean and crude sun flower oil have been elaborated. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 24/2015-20-DGFT | Dated: 12th September, 2022 Subject : Inclusion of changes made in provisions […]

Repeated Arrest of GST Officials by Local Police: Commissioner writes to Chief Secretary

September 12, 2022 3690 Views 0 comment Print

Government of India Ministry of Finance Department of Revenue Office of the Chief Commissioner, Goods and Services Tax & Customs, Guwahati Zone. GST Bhawan, 5th Floor, Kedar Road, Guwahati-781001 Tel.Nos.0361-273599912972002 Email: ccshillo@.nic.in V. Rama Mathew, IRS Pr. Chief Commissioner D.O.C. No. GCCO/VIG/MISC/192/2022-4092 Dated: 06/09/2022 Dear Dr. Rajesh Kumar With deep anguish, I would like to […]

Withdrawal functionality of 15CB forms at e-filing portal

September 12, 2022 31260 Views 0 comment Print

A large extent of pendency for updation of 15 CB forms at e-filing portal may be attributed to non-availability of any options for their withdrawal from portal

RP is to ensure that fees payable to him are reasonable: IBBI

September 12, 2022 2484 Views 0 comment Print

It is important to note that the Code does not have any mention about the possibility of awarding success fee to the resolution professional. May be the renumerations during the process are considered as enough for attracting due services on behalf of the resolution professional.

Amendment in Export Policy of broken rice against ITC (HS) Code 1006 4000

September 12, 2022 1635 Views 0 comment Print

Following consignments of broken rice will be allowed to be exported: i. where loading of broken rice on the ship has commenced before this Notification,

Guidelines for implementation of IFSCA (FinTech Incentive) Scheme, 2022

September 12, 2022 1107 Views 0 comment Print

IFSCA Issues Guidelines and Application Form for IFSCA FinTech Incentive Scheme, 2022 The International Financial Services Centres Authority (Authority or IFSCA), with an overall objective to promote the establishment of a world-class FinTech Hub, at GIFT International Financial Services Centre (IFSC) in India, launched the IFSCA (FinTech Incentive) Scheme for providing financial support to FinTech […]

CESTAT allows Cenvat Credit on Group Mediclaim Policy

September 11, 2022 1572 Views 0 comment Print

CESTAT held that Cenvat credit of Service Tax paid on the insurance premium on the insurance policies taken for the employees of the Appellant which is covered under the Employees State Insurance Act. 1948 as well as the Factories Act, 1948 are eligible for Cenvat credit as per Rule 2(l) of the Cenvat credit Rules, 2004.

Post-Conviction Compounding of Cheque Bounce Offences Permissible

September 11, 2022 3105 Views 0 comment Print

Court, while exercising power under Section 147 of Negotiable Instruments Act, can proceed to compound offence even after recording of conviction by courts below.

ITAT upheld disallowance at the rate of 12.5% of bogus purchases

September 10, 2022 3150 Views 0 comment Print

Opel paper Mills Limited Vs DCIT (ITAT Mumbai) The learned CIT appeal noted that the major items of the expenditure is a purchase of paper from the sister company specialty papers Ltd amounting to ₹ 888,827,942/–. These transactions were doubted by the learned assessing officer during the remand proceedings as the purchases are transacted only […]

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