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Tariff Notification No. 55/2021-Customs (N.T.), Dated: 30.06.2021

June 30, 2021 2766 Views 0 comment Print

Tariff Notification No. 55/2021-Customs (N.T.), Dated: 30.06.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 55 /2021-Customs (N.T.) | Dated: 30th June, 2021 S.O. 2644(E).In exercise of the powers […]

Anti-Dumping duty on ‘Plain Medium Density Fibre Board (MDF)

June 30, 2021 4236 Views 0 comment Print

CBIC amends notification No. 34/2016 – Customs (ADD), dated 14th July 2016 to extend the levy of Anti-Dumping duty on ‘Plain Medium Density Fibre Board (MDF) having thickness of 6mm and above’ originating in or exported from Vietnam, up to and inclusive of 13th March, 2022 vide Notification No. 40/2021-Customs (ADD) | Dated: 30th June, […]

No GST exemption on Drilling of Borewells for supply of water for agricultural operations

June 30, 2021 2469 Views 0 comment Print

In re Tvl. Aravind Drillers (GST AAAR Tamilnadu) Essentially, the moot point is whether the bore well drilling activity undertaken by the appellant on agricultural lands is qualified for the entry no. 54 of notfn. No. 12/2017-CGST(R). It is noted that the appellant while undertaking the borewell drilling activity for industries etc., (other than on […]

Footwear made from all- Rubber and all Polymeric material and its components (Quality Control) Amendment Order, 2021

June 30, 2021 489 Views 0 comment Print

(1) This Order may be called the Footwear made from all- Rubber and all Polymeric material and its components (Quality Control) Amendment Order, 2021. (2) It shall come into force from the date of its publication in the Official Gazette.

Footwear made from Leather and other materials (Quality Control) Amendment Order, 2021

June 30, 2021 723 Views 0 comment Print

(1) This Order may be called the Footwear made from Leather and other materials (Quality Control) Amendment Order, 2021. (2) It shall come into force from the date of its publication in the Official Gazette.

Life Insurance Corporation (Amendment) Rules, 2021

June 30, 2021 4920 Views 0 comment Print

1. (1) These rules may be called the Life Insurance Corporation (Amendment) Rules, 2021. (2) They shall come into force from the date of their publication in the Official Gazette.

Brief Note on Behalf of ICAI on Issues Raised in SC Writ Petition

June 29, 2021 9075 Views 0 comment Print

IN THE SUPREME COURT OF INDIA WRIT PETITION (C) NO.640/2021 ANUBHA SHRIVASTAVA SAHAI VS. UNION OF INDIA & ANR. BRIEF NOTE ON BEHALF OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA ON THE ISSUES RAISED IN THE WRIT PETITION 1. ICAI has a statutory duty to hold Professional Examinations 1.1 Under Section 15(2)(b) of the […]

CBDT designates www.incometax.gov.in website for Faceless Assessment Scheme

June 29, 2021 1098 Views 1 comment Print

CBDT Order designating web portal www.incometax.gov.in as the designated portal for the purpose of Income Tax Faceless Assessment Scheme

Limitation when assessee cannot file more than one refund claim for each quarter

June 29, 2021 546 Views 0 comment Print

SA Impex Vs Commissioner of Central Goods & Service Tax (CESTAT Delhi) When the provisions require that only one claim has to be filed for each quarter, definitely, an assessee has to file one claim only at the end of the quarter. Thus, the limitation cannot be counted from the day of LEO or the […]

Restrict transfer pricing addition to international transactions under manufacturing activity segment: ITAT

June 29, 2021 2016 Views 0 comment Print

Hyundai Construction Equipment India Private Ltd. Vs ACIT (ITAT Pune) Ground no.8 of the appeal is against making transfer pricing adjustment on entity level rather than restricting it to the AE transactions. The TPO computed the transfer pricing addition by considering revenues from Manufacturing segment‘ in totality at the entity level The DRP did not […]

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