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Prohibition on export of Red Sanders wood in log form relaxed

October 7, 2021 2070 Views 0 comment Print

Prohibition on export of Red Sanders wood in log form has been relaxed for export of 810.1894 MT of Red Sanders wood in log form Forest, Environment & Climate Change Department, Government of Odisha. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan New Delhi New […]

CBIC Notifies Rate of Exchange of Foreign Currencies wef 08.10.2021

October 7, 2021 1971 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 8th October, 2021, vide Notification No. 80/2021-Customs (N.T.) | Dated: 7th October, 2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 80/2021 – Customs (N.T.) New Delhi, dated the 7th […]

Broad Guidelines on Empanelment of Brokers by Pension Funds-reg

October 7, 2021 810 Views 0 comment Print

The Pension Fund shall prepare a well-defined policy on empanelment of brokers with approval of their Board of Directors and to be reviewed by them on annual basis.

No auto cancellation of Registration of Purchasing dealer for fraud by selling dealer

October 6, 2021 5091 Views 0 comment Print

Bright Star Plastic Industries Vs Additional Commissioner of Sales Tax (Orissa High Court at Cuttack) The Court finds merit in the contention of Mr. Harichandan that for the fraud committed by the selling dealer, which resulted in cancellation of a selling dealer’s registration, there cannot be an automatic cancellation of the registration of the purchasing […]

MP AAR rectifies mistakes in GST Number and original order No.

October 6, 2021 852 Views 0 comment Print

In re Dhanraj Organics Private Limited (GST AAR Madhya Pradesh) The applicant on 22.06.2021 that in the AAR order no. 04/2020 dated 17-06-2021 they found that in Case No. 19/2020 the GSTN No. in page no.1 is wrongly mentioned as 23AADCM7397N1ZU however in Page no. 2 it is correctly mentioned. So therefore rectification is required. […]

Onus to Prove Deficiency in Service is on Complainant: SC

October 6, 2021 7362 Views 0 comment Print

SGS India Ltd. Vs Dolphin International Ltd. (Supreme Court) The onus of proof of deficiency in service is on the complainant in the complaints under the Consumer Protection Act, 1986. It is the complainant who had approached the Commission, therefore, without any proof of deficiency, the opposite party cannot be held responsible for deficiency in […]

Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2021

October 5, 2021 4542 Views 0 comment Print

1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Third Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

SEBI Revises mechanism of providing exit option to dissenting unit holders under REIT Regulations

October 5, 2021 558 Views 0 comment Print

Amendments to manner & mechanism of providing exit option to dissenting unit holders pursuant to Regulation 22(6A) and 22(8) of SEBI (Real Estate Investment Trusts) Regulations, 2014 (SEBI (REIT) Regulations)

Value Free Transfer (VFT) of Government Securities – Guidelines

October 5, 2021 1038 Views 0 comment Print

VFT of the government securities shall mean transfer of securities from one SGL/CSGL to another SGL/CSGL account, without corresponding payment leg in the books of RBI.

Guidelines for conducting GST inspection, evolving proposals & adjudication

October 4, 2021 4782 Views 0 comment Print

There are certain issues arising out of such empowerment of officer who concluded inspection to raise demand as adjudication officer. In order to demarcate the functions of inspection and adjudication independently without influence from each other, the instructions issued in the circular second cited is withdrawn with immediate effect.

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