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Tariff Notification No. 117/2020-Customs (N.T.) Dated: 31.12.2020

December 31, 2020 939 Views 0 comment Print

Tariff Notification No. 117/2020-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 31st December, 2020 Notification No. 117/2020-CUSTOMS (N.T.) S.O. 4793(E).—In exercise of the powers conferred by […]

Issue of shares at premium- DCF is accepted method of valuation

December 31, 2020 5574 Views 0 comment Print

DCIT Vs Avigna Housing Pvt. Ltd. (ITAT Chennai) we are of the considered view that fair market value of shares considered by the assessee under DCF method is one of the accepted method of valuation of shares under Rule 11UA and such value of shares is supported by necessary supporting evidences including valuation report as […]

Cabinet approves Industrial Corridor nodes at Krishnapatnam & Tumakuru under CBIC

December 31, 2020 690 Views 0 comment Print

Cabinet approves Industrial Corridor nodes at Krishnapatnam and Tumakuru under CBIC. Multi Modal Logistics Hub & Multi Modal Transport Hub (MMTH) at Greater Noida also approved.

Interest rates for Small Savings Schemes w.e.f. 01.01.2021

December 31, 2020 4416 Views 0 comment Print

Rate of interest on various Small Savings Schemes (National Savings Schemes) for the fourth quarter of financial year 2020-21 (starting from 1st January, 2021 and ending on 31th March, 2021) shall remain unchanged from those notified for the third quarter of Financial Year 2020-21

GST AAR application rejected for non-filing in prescribed format of GST-ARA-01

December 30, 2020 570 Views 0 comment Print

In re Gujarat State Road Development Corporation ltd. (GST AAR Gujarat) Although the applicant has paid the required fees of Rs.10,000/- as required, they have not filed the application in the prescribed format of GST-ARA-01 required as per the provisions of aforementioned Sections and Rules. Therefore, the instant application is liable for rejection under Section […]

Notification No. 48/2020-Customs (ADD), Dated: 30.12.2020

December 30, 2020 1425 Views 0 comment Print

Seeks to rescind notification No. 51/2015-Customs (ADD) dated 21st October, 2015, to revoke ADD imposed on All Fully drawn or Fully Oriented Yarn/ Spin Draw Yarn/ Flat yarn of polyester (non-textured and non-POY) originating in or exported from China PR and Thailand MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 30th December, 2020 Notification […]

GST AAR application rejected as applicant was Service recipient not supplier

December 30, 2020 840 Views 0 comment Print

In re Surat Municipal Corporation (SMC) (GST AAR Gujarat) In the present case the applicant is recipient of the services and not supplier of such services. Accordingly, the application is not liable for admission and therefore rejected without going in to the merits of the case. Instant application filed by M/s. Surat Municipal Corporation (SMC), […]

Anti-subsidy investigations concerning imports of Styrene Butadiene Rubber

December 30, 2020 1131 Views 0 comment Print

CASE No. CVD-07/2019 Anti-subsidy investigations concerning imports of Styrene Butadiene Rubber originating in or exported from Korea RP – Final Findings.

Amendments to Guidelines on Information & Cyber Security for Insurers

December 30, 2020 1614 Views 0 comment Print

IRDAI vide its Ref. No: IRDA/IT/GDL/MISC/ 082/04/2017 dated 07-4-2017 had issued Information and Cyber Security Guidelines containing comprehensive cyber security framework for Insurance sector for the purpose of implementing appropriate mechanism to mitigate cyber risks

CBIC notifies Rate of Exchange of Foreign Currencies wef 31.12.2020

December 30, 2020 1470 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 31st December, 2020, vide Notification No. 114/2020-Customs (N.T.), Dated: 30th December, 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 114/2020 – Customs (N.T.) New Delhi, dated the 30th December, 2020 9 […]

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