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Bogus Purchases- Entire purchase amount cannot be added

May 16, 2019 13707 Views 0 comment Print

PCIT Vs M/s. Mohommad Haji Adam & Co. (Bombay High Court) In the present case, as noted above, the assessee was a trader of fabrics. The A.O. found three entities who were indulging in bogus billing activities. A.O. found that the purchases made by the assessee from these entities were bogus. This being a finding […]

Website of Lokpal inaugurated 

May 16, 2019 816 Views 0 comment Print

The Website of the Lokpal was inaugurated by the Chairperson, Justice Shri Pinaki Chandra Ghose in presence of all the Members of Lokpal today.  The DG, NIC, Smt. Neeta Verma was also present on the occasion.  The Website has been developed by NIC and provides the basic information with respect to the working and functioning of the Lokpal. The Website can be accessed at http://lokpal.gov.in.

Prohibition on direct or indirect import & export from/to Korea- Reg.

May 16, 2019 1581 Views 0 comment Print

Reference is invited to the enclosed DGFT Notification No. 52/2015-20 dated 07.03.2018 wherein Para 2.17 of the Foreign Trade Policy 2015-20, on imports and exports to Democratic People’s Republic of Korea (DPRK), which was notified to implement UNSC Resolution No. 2397(2017) dated 22.12.2017 passed under Chapter VII of the Charter of the United Nations on DPRK.

Claim of MEIS benefits for exports made to countries in OFAC List

May 16, 2019 4029 Views 0 comment Print

Vide Public Notice 8/2015-20 dated 14.05.2019 a revised procedure for making online MEIS applications/claims has been notified for situations where exports have been made to countries listed in the OFAC list such as Iran or export realizations have been received through the Vostro mechanism.

CBIC notifies Rate of Exchange of Foreign Currencies wef 17.05.2019

May 16, 2019 2496 Views 0 comment Print

Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 17th May, 2019 notified vide Notification No. 37/2019–Customs (N.T.) dated 16th May, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 37/2019 – Customs (N.T.) New Delhi, dated the 16th May, 2019 In exercise of […]

Order No.114 of 2019 – Appointment of officers in ACIT grade

May 16, 2019 3921 Views 0 comment Print

Office Order No. 114 of 2019 The President is pleased to appoint the following officers in the grade of Assistant Commissioner of Income Tax (ACIT) against the vacancy year 2014-15 in Level-IC of the Pay Matrix Rs. 56100-177500/- on regular basis with immediate effect or until further order on in-situ basis:-

Adjudication Orders passed in many cases are stereotyped & vague: DGFT

May 15, 2019 1086 Views 0 comment Print

While dealing with the Reviews, it has been observed that, in many cases, quality of Adjudication Orders (0-in-Os), specially passed by the junior officers is not up to the Many a times 0-in-Os are stereotyped and vague.

Steel Mugs with plastic outer body falls under Chapter Heading 7323

May 15, 2019 4539 Views 0 comment Print

In re R K Industries (GST AAR Maharashtra) Steel Mugs with plastic body are advertised and sold as steel mugs, as submitted by the applicant. It is the steel that gives the essential characteristic to the subject product. Liquids specially, is they are boiling are not preferred to be poured in plastic containers. Hence in […]

Three months time window for applying for MEIS for Shipping bills

May 15, 2019 1470 Views 0 comment Print

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Trade Notice No. 14/2015-2020 Dated: 15th May, 2019 To, Members of Trade and industry All Regional Authorities (RAs) of DGFT EPCs/FIE0 Subject: Three months time window for applying for MEIS for Shipping bills with HS […]

Solar Power Device attract 9.8 % GST: GST AAAR Rajasthan

May 15, 2019 3051 Views 0 comment Print

In re Shri Kailash Chandra (GST AAAR Rajasthan) We find that the Appellant had produced copies of the Volume-I and Volume-II of the Tender-Document No. 17/2016-17 dated 23.08.2016 issued by the Additional Chief Engineer , Public Health Engineering Department (PHED) , Region-II, Jodhpur inviting tenders for designing, providing, installation, commissioning, of 118 Nos. Solar Energy […]

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