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OTC derivatives at IFSC – Amendment- OTC derivatives on IGBs & SDLs

October 5, 2021 711 Views 0 comment Print

Offshore Derivative Instruments (ODIs) – Banking Units holding a Foreign Portfolio Investor (FPI) certificate under the provisions of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations,2019 dated September 23,2019 (as amended)

SC Stays payment of GST for grant of mining lease/royalty by petitioner

October 4, 2021 27357 Views 2 comments Print

Lakhwinder Singh Vs Union of India (Supreme Court of India) 1 Issue notice. 2 Tag with SLP(C) No 37326 of 2017. 3 Until further orders, payment of GST for grant of mining lease/royalty by the petitioner shall remain stayed.

Partial Modification of Membership of GST Law Committee (LC)

October 4, 2021 2406 Views 0 comment Print

In partial modification to the Office Memorandum of even no. dated 29th May 2017, 30th November 2018, 22nd January 2019, 05th March 2019, 20th August 2019, 26th August 2019 and 6th July, 2020, with respect to constitution of the Law Committee, its membership is now reconstituted as follows:

Preventive detention order unsustainable on stale or illusory grounds having no real nexus with past prejudicial activity

October 4, 2021 1929 Views 0 comment Print

Preventive detention being drastic State action based only upon suspicion arising from a person’s past activity, can be allowed, as the settled legal position mandates, only if there is a live, causal link between a person’s past activities and the need for passing of a preventive detention order.

Conclusion based on test report cannot be applied to earlier cleared consignments and and case to be dropped where classification proposed by Revenue is incorrect

October 4, 2021 3489 Views 0 comment Print

P K Exim Vs C.C. -Mundra (CESTAT Ahmedabad) It is settled law that, irrespective of whether the classification claimed by the appellant is correct or not since the classification proposed by the Revenue is absolutely incorrect, the entire case of the Revenue will not sustain. Further In view of the settled legal position the test […]

CAIT demands CBI investigation against Amazon’s alleged bribery scandal

October 2, 2021 1143 Views 0 comment Print

In a very important communication sent to Government, Confederation of All India Traders (CAIT( has explained with facts that Amazon’s clarification on legal & Professional charges are completely baseless and we reiterate their demand for a CBI investigation against Amazon’s alleged bribery scandal. Text of CAIT Representation is as follows:  Confederation of All India Traders Ref […]

Income-tax (31st Amendment) Rules, 2021 | Rule 11UE & Rule 11UF

October 1, 2021 4713 Views 0 comment Print

11UE. Specified conditions under Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9.− (1) For the purposes of clauses (i), (ii) and (iii) of the Explanation to fifth and sixth proviso to Explanation 5 to clause (i) of sub-section (1) of section 9, the declarant shall furnish an undertaking in Form No. 1 and shall append the undertakings from all the interested parties in Part M of the Annexure to the undertaking in Form No. 1 and furnish all the attachments required to be furnished under any clause or Part thereof.

ADD on import of Jute products import from Bangladesh & Nepal extended

October 1, 2021 3675 Views 0 comment Print

Seeks to extend the levy of ADD on import of Jute products originating in or exported from Bangladesh and Nepal by amending notification No. 01/2027-Customs (ADD) dated 05-01-2017. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st October, 2021 Notification No. 58/2021-Customs (ADD) G.S.R. 712(E).—Whereas, the designated authority vide initiation notification No. 7/9/2021-DGTR […]

Extend time limit for LLP Audit and LLP Filing: ICSI

October 1, 2021 11403 Views 1 comment Print

ICSI Request for extension of time limit for preparing the Statement of Account and Solvency and for getting the accounts audited in LLPs and subsequent filing thereof Institute of Company Secretary of India September 29, 2021 MCA: 2021 Shri Rajesh Verma, IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan Dr. Rajendra Prasad […]

Guidelines for Re-Opening of Schools in Mumbai

September 30, 2021 3132 Views 0 comment Print

Guidelines (SOP) for safely starting Schools with Classes 8th to 12th in the Greater Mumbai Municipal Corporation area for the academic year 2021-2022

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