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Writ not allowed where efficacious remedy to appeal is available

July 30, 2020 624 Views 0 comment Print

The petitioner has an alternative and efficacious remedy to assail the impugned order by filing an appeal before the appellate authority. Consequently, the petitioner is relegated to file an appeal before the appellate authority.

FAQs on One Time SEBI Settlement Scheme, 2020

July 30, 2020 4449 Views 1 comment Print

Frequently Asked Questions on the SEBI Settlement Scheme, 2020 – One Time Settlement Scheme issued by the Securities Exchange of India on 27th July, 2020.

Merging of June 2020 to December 2020 CS Examination: FAQs

July 30, 2020 2049 Views 1 comment Print

Institute of Company Secretaries of India Q 1. Will December 2020 be the last attempt for Executive & Professional [Old Course] Students? Ans: Yes, December 2020 Session of Examination is the last attempt for Executive & Professional Old Course Q 2. When Students can change the Examination Centre, Module, Medium ? Ans: For Changes : […]

CCI notified to share information with Income Tax Department

July 30, 2020 1620 Views 0 comment Print

Central Government specifies Director General / Secretary, Competition Commission of India for the purpose sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 57/2020-Income Tax New Delhi, the 30th July, 2020 S.O. 2528(E).—In pursuance of sub-clause […]

Application procedure & criteria for export of 2/3 Ply Surgical Masks

July 30, 2020 2808 Views 1 comment Print

The application procedure and criteria for export of 2/3 Ply Surgical Masks is outlined below: I. Export of only 4 Crore units of ‘2/3 Ply Surgical Masks ‘ will he allowed for the month of August. II. Exporters (Both Manufacturers and Merchant exporters) may apply online through DGFT’s ECOM system for Export authorizations (Non-SCOMET Restricted items) – Please refer Trade Notice No. 50 dated 18.03.2019. There is no need to send any hard copy of the application via mail or post.

Application procedure & criteria for export of Medical Goggles

July 30, 2020 402 Views 0 comment Print

The application procedure and criteria for export of Medical Goggles is outlined below: I. Export of only 20 Lakh units of Medical Goggles per month will be allowed for the month of August and September. II. Exporters (Both Manufacturers and Merchant exporters) may apply online through DGFT’s ECOM system for Export authorizations (Non-SCOMET Restricted items) — Please refer Trade Notice No. 50 dated 18. 03.2019. There is no need to send any hard copy of the application via mail or post.

Procedure for export of VTM/RNA Extraction kits/RI-PCR Kit

July 30, 2020 1059 Views 0 comment Print

I. Export of Diagnostic kits as per the export quota fixed above will be allowed for the month of August. II. Exporters (Only Manufacturers) may apply online through DGFT’s ECOM system for Export authorizations (Non-SCOMET Restricted items) – Please refer Trade Notice No. 50 dated 18.03.2019. There is no need to send any hard copy of the application via mail or post.

Grind of plastic in small pieces classifiable under HSN 3901 to 3914

July 30, 2020 6825 Views 0 comment Print

In re Manishbhai Champakbhai Mehta (Legal name) and M/s. Navpad Plastic (Trade Name) (GST AAR Gujarat) Question : What is the HSN code of grinding of plastic material and what is the tax rate of said goods?. HSN code of goods viz plastic of grind would depend upon the type of primary form of polymers […]

GST on amount forfeited on account of breach of agreement of sale of land

July 30, 2020 30732 Views 1 comment Print

In re Fastrack Deal Comm Pvt. Ltd. (GST AAR Gujarat) The main issue is here to decide whether the amount forfeited on account of breach of agreement of sale of land is liable to GST or not. The applicant contention is that the amount of Rs. 20 lacs forfeited is on account of sale of […]

Hybrid Hydraulic Servo System merits classification in terms of Note 2 of Section XVI of CTA, 1975

July 30, 2020 429 Views 0 comment Print

In re Dyna Automation Private Limited (GST AAR Gujarat) What is the classification for Hybrid Hrdraulic Servo System which is prepared by assembling various parts and is used as part in different type of machines and what will be the applicable tax rate on Hybrid Hrdeaulic Servo System? During the personal hearing, the applicant was […]

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