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Profiteering if benefit of reduction in the rate of tax/ additional ITC not passed to buyers

May 5, 2020 1062 Views 0 comment Print

Shri Anil Sharma Vs Printing Machine Solutions (National Anti-Profiteering Authority) This Report dated 25.10.2019 has been received from the Applicant No. 2 i.e. the Director General of Anti-Profiteering (DGAP), under Rule 129 (6) of the Central Goods & Services Tax (CGST) Rules, 2017. The brief facts of the present case are that an application dated […]

DGFT clarifies on description of ‘Stock Lot’ under HSN Code 4810

May 4, 2020 6345 Views 0 comment Print

Vide Notification No. 45/2015-2020 dated 31st January 2020, import of Stock Lot under HSN Code 4810 of Chapter 48 of ITC (HS), Schedule – I (Import Policy) was ‘Prohibited’.

Clarification regarding Movement of Persons and Vehicles in Orange Zones, during Two Weeks Lockdown with effect from May 4, 2020

May 3, 2020 891 Views 0 comment Print

After a comprehensive review of the Lockdown measures to contain the COVID-19 situation in the country, Union Ministry of Home Affairs (MHA), issued an Order yesterday, to further extend the Lockdown for a further period of two weeks w.e.f. May 4, 2020.

New guidelines for hearing of cases by CAT in Green, Orange & Red Zones

May 3, 2020 897 Views 0 comment Print

The functioning of the Principal Bench of the Central Administrative Tribunal and its other Benches across the Country was suspended in view of the lockdown announced by the Ministry of Home Affairs, Government of India vide Orders dt: 24.03.2020 and the subsequent order of extension dt: 14.04.2020 till 03.05.2020.

ICAI & ICAI RVO issues Concept Paper on All About Fair Value

May 2, 2020 1026 Views 0 comment Print

Financial reporting in India has undergone a significant transformation owing to the adoption of Indian Accounting Standards (Ind AS) and fair value is the guiding principle in financial reporting across the globe. The Institute of Chartered Accountants of India (ICAI) converged accounting standards with IFRSs and accordingly, the financial statements beginning from the accounting year […]

ICAI postpones CA Examinations, May 2020

May 2, 2020 1272 Views 1 comment Print

Chartered Accountant Examinations scheduled from 19th June 2020 to 4th July, 2020* stand rescheduled and the said examinations shall now be held from 29th July 2020 to 16th August, 2020 as per details given below.

ICES Advisory -Streamlining of Certain Imports Processes in ICES-reg

May 1, 2020 1215 Views 0 comment Print

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-I) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT RAIGAD, MAHARASHTRA-400707. F. No. S/22-Gen-402/2017-18/AM(I)Part-II Dated : 01.05.2020 Public Notice No. 60/2020 DIN No. 20200578NW00001E822B Sub:- ICES Advisory 16/2020-Streamlining of Certain Imports Processes in ICES-reg. Attention of all the Importers, Custom Brokers, Shipping Lines/Agents, Logistics Service Providers […]

Extension of timeline for review and updation of stewardship policy

April 30, 2020 759 Views 0 comment Print

All the insurers were advised to review and update their existing stewardship policy based on the revised guidelines within three months from the date of issue of the circular, i.e., by 7th May, 2020.

Advisory To Policyholders And Insurers Related To COVID 19

April 30, 2020 1119 Views 0 comment Print

Policyholders are requested to read the terms and conditions of their insurance policies carefully and be aware of the policy requirements in case they or their insured properties are located in areas where there could be prolonged restriction of movement.

Unhindered movement of trucks carrying good- Guidelines

April 30, 2020 984 Views 0 comment Print

Movement of all trucks and other goods/carrier vehicles with two drivers and one helper subject to the driver carrying a valid driving licence, an empty truck/vehicle will be allowed to ply after the delivery of goods, or for pick up of goods.

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