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Circular cannot prescribe particular time period, which is otherwise not provided in a statute

February 2, 2021 3327 Views 0 comment Print

The Principal Commissioner Of Customs, Mundra Vs LYKIS Limited (Gujarat High Court) From the above Section, it is clear that no time limit is prescribed. We find that the request of the appellant for conversion was rejected on the sole ground of limitation as prescribed under Board Circular No. 36/2010­ Cus. We find that since […]

Court Grants Bail to person alleged of wrongfully claiming ITC

February 2, 2021 1035 Views 0 comment Print

Naresh Mittal & 2. Chhedi Lal Mittal Vs DGGI (Patiala House Court) The facts are not being repeated for the sake of brevity. This is the first bail application jointly moved on behalf of accused persons namely, Naresh Mittal and Chhedi Lal Mittal after the filing of complaint by the Department. It is submitted that […]

Guidelines for procedures to be followed during GST Search Operation

February 2, 2021 5859 Views 0 comment Print

Specific instances have come to the notice of the Board and Central Vigilance Commission wherein proper procedures have apparently not been followed during search proceedings and/or the Panchnamas/ statements have not been recorded as per extant guidelines &. instructions.

Draft Static and Mobile Pressure Vessels (Unfired) (Amendment) Rules 2021

February 2, 2021 2517 Views 0 comment Print

(1) these rules may be called the Static and Mobile Pressure Vessels (Unfired) (Amendment) Rules 2021. (2) They shall come into force on the date of their publication in the Official Gazette.

ITAT confirms addition for cash deposited during demonetization

February 1, 2021 2787 Views 0 comment Print

Leela Devi Vs ITO (ITAT Delhi) It is not in dispute that assessee made cash deposit of Rs. 15 lakhs in her bank account during demonetization period. The assessment year under appeal is 2017-18 and the assessee deliberately filed the return of income belatedly on 25.03.2018. The assessee explained before AO the source of the […]

Record-revenue collection of Rs. 1.20 lakh crore for January 2021

February 1, 2021 918 Views 0 comment Print

Field formations, both on the GST and Customs sides, have striven hard and are part of a record-setting revenue collection of about Rs. 1.20 lakh crore for the month of January, 2021.

CBIC exempt E-20 fuel from Road and Infrastructure Cess

February 1, 2021 861 Views 0 comment Print

Budget 2021- CBIC Seeks to exempt E-20 fuel from Road and Infrastructure Cess – Notification No. 06/2021-Central Excise Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 06/2021-Central Excise New Delhi, the 1st February, 2021 G.S.R. 88(E).- In exercise of the powers conferred by sub-section (1) of section 5A […]

CBIC exempt Agriculture Infrastructure and Development Cess on blended fuels

February 1, 2021 3186 Views 0 comment Print

Budget 2021- Seeks to exempt Agriculture Infrastructure and Development Cess on blended fuels- Notification No. 03/2021-Central Excise Dated 1st February, 2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2021-Central Excise New Delhi, the 1st February, 2021 G.S.R 85 (E). – In exercise of the powers conferred by section 5A of the […]

Customs Tariff (Identification and Assessment of Safeguard Duty) Amendment Rules, 2021

February 1, 2021 2466 Views 0 comment Print

Budget 2021- Seeks to further amend Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 to provide for the manner of application of safeguard measures including tariff-rate quota and make certain other miscellaneous changes. Notification No. 12/2021-Customs (N.T.) Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 12/2021-Customs […]

Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2021

February 1, 2021 1497 Views 0 comment Print

Budget 2021- Customs Tariff (Identification, Assessment Collection Anti-dumping Duty Dumped Articles  Determination Injury) Amendment Rules, 2021- Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to enable provisional assessment in anti-circumvention investigation and make certain other miscellaneous changes. – Notification No. […]

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