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Elections to ICSI Council & Regional Councils, 2022 – Venue & Schedule

September 7, 2022 2322 Views 0 comment Print

Duration of 13th ICSI Council and Regional Councils shall expire on 18th January, 2023, the elections for constitution of new Council and Regional Councils shall be held as notified

Capital Gain Exemption – Section 54EC bond discontinued by NHAI

September 7, 2022 9771 Views 0 comment Print

It has been decided to close the 54 EC capital gain bond issue 2022-23 of NHAI with Immediate effect. Accordingly, please ensure that no fresh application/money is accepted for these bonds on or after 3rd September 2022. Bank are requested to freeze the credit in the bank accounts opened for NHAI 54 EC bonds collection from 03rd Sept 2022.

AAR Telangana allows MED Equipments to withdraw application

September 7, 2022 681 Views 0 comment Print

In re MED Equipments (GST AAR Telangana) In the reference 1st cited, M/s. MED Equipments, Hyderabad, (36AALFM8128Q1ZG) has sought certain clarification by filing an application for Advance Ruling. The Case was posted for personal hearing on 24-03-22, 27-04-2022, 28-06-2022& 25-08-2022, However, in the reference 10th cited, M/s. MED Equipments, Hyderabad, have informed that they intended to […]

Risk-based processing of shipping bills with claim of duty drawback – Reg.

September 7, 2022 1131 Views 0 comment Print

Government of India Ministry of Finance Commissioner of Customs, NS-Audit Jawaharlal Nehru Custom I-louse Nhava Sheva, Tal: Uran. Dist: Raigad. Maharashtra-400 707 F.No. S2-PCA-Gen-101/2018-19/JNCH Pt. III Date: 07.09.2022 Standing Order No. 11/2022-23 Sub.: Implementation of RMS for processing of Duty Drawback claims. -Reg. CBIC has issued Circular No. 15/2021-Cus dated 15/07/2021, regarding the above-mentioned subject. […]

Risk Weights for Exposures guaranteed by Credit Guarantee Schemes (CGS)

September 7, 2022 2217 Views 0 comment Print

The guarantees provided under the respective schemes should comply with the requirements for credit risk mitigation in terms of paragraph 7.5 of the Master Circular on Basel III Capital Regulations dated April 1, 2022 which inter alia requires such guarantees to be direct, explicit, irrevocable and unconditional

NSE Guidance note on use of digital signature by listed companies

September 7, 2022 9624 Views 0 comment Print

Presently, listed companies shall submit all corporate announcements using DSC except Outcome of Board meeting which includes only financial result

Customs Broker License cannot be revoked if SCN not issued within 90 days of receipt of offence report

September 6, 2022 1437 Views 0 comment Print

HLPL Global Logistics Pvt. Ltd. Vs Commissioner of Customs (CESTAT Delhi) A show cause notice dated 24.01.2020 was then issued to the appellant proposing to revoke the Customs Broker License of the appellant by considering the show cause notice dated 22.10.2019 issued under the provisions of the Customs Act as the offence report. The appellant […]

Section 35FF provide interest from date of deposit till the date of refund

September 5, 2022 3570 Views 0 comment Print

Nakoda Ispat Ltd. Vs Commissioner of Customs (CESTAT Delhi) Division Bench of this Tribunal in Parle Agro Limited, wherein the amount was deposited during the stage of investigation/audit, this Tribunal have held that on being successful in appeal, interest is allowable under Section 35FF from the date of deposit till the date of refund. Further, […]

No violation of Anti-Profiteering if project commences on or after 01.07.2017

September 5, 2022 582 Views 0 comment Print

Applicant No. 1 had filed an application before the Andhra Pradesh State Screening Committee on Anti-Profiteering under Rule 128 of the CGST Rules,2017 and alleged that Respondent had not passed on the benefit of the input tax credit by way of commensurate reduction in price

State cannot act arbitrarily while considering claim of citizens for grant of State largesse

September 5, 2022 1155 Views 0 comment Print

Ours being a Welfare State, the respondents who happen to be instrumentalities of the State under Article 12, cannot act arbitrarily or unreasonably whilst considering the claim of citizens for the grant of State largesse.

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