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Beneficial circular cannot be retrospectively withdrawn

August 28, 2021 2448 Views 0 comment Print

Chittor Polyfab Ltd. Vs Commissioner Of Central Excise, Central Goods And Service Tax (CESTAT Delhi) The circular dated 08.06.2018 also cannot be made retrospectively applicable to the period in question (April 2015 to June, 2017). At the relevant time, circular No. 988/12/2014 CX dated 20.10.2014 / Circular No. 97/8/2007-CX dated 23.8.2007 were applicable. It has […]

Notice for Customs Brokers Examination, 2022

August 28, 2021 3873 Views 0 comment Print

Applications are invited from Indian citizens to appear in the online written examination for issuance of license to act as a Customs Broker under Customs Brokers Licensing Regulations (CBLR), 2018, as amended. A copy of the regulations is available at www.cbic.gov.in and www.nacin.gov.in.

Total RuPay cards issued to PMJDY accountholders: 31.23 Crore

August 28, 2021 1536 Views 0 comment Print

Ministry of Finance Pradhan Mantri Jan-Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completes seven years of successful implementation More than 43.04 crore beneficiaries banked under PMJDY since inception, amounting to Rs. 146,231 crore “The journey of PMJDY led interventions undertaken over a short span of 7 years has in effect, produced both transformational […]

Income Tax Department conducts searches in Visakhapatnam

August 28, 2021 1020 Views 0 comment Print

The Income Tax Department carried out search and seizure operation on 25.08.2021 on a group based in Visakhapatnam at 17 different premises across Andhra Pradesh, Chhattisgarh, Nagpur and Kolkata. The group entities are engaged in extraction of vegetable oils, mining of manganese ore, and manufacturing of ferro alloys.

Orissa HC stays section 148 notice issued in violation of section 148A

August 28, 2021 1998 Views 1 comment Print

Charana Panda (HUF) Vs ITO (Orissa High Court) 1. The Petitioner contends that there is violation of Section 148-A of the Income Tax Act, 1961 (‘Act’) and also that the proceedings are time barred. The competency of the officer who issued notice under Section 148 of the Act is also questioned. 2. Issue notice. 3. […]

Draft Maharashtra Code on Social Security Rules, 2021

August 27, 2021 5199 Views 0 comment Print

The following draft of rules which the Government of Maharashtra, proposes to make in exercise of the powers conferred by section 154 and section 156 of the Code on Social Security, 2020 (36 of 2020) read with section 24 of the General Clauses Act, 1897 (10 of 1897) and of all other powers enabling

RBI Review of incentive & other measures to enhance distribution of coins

August 27, 2021 861 Views 0 comment Print

Keeping in view the overall objectives of Clean Note policy and to ensure that all bank branches provide better customer service to members of public with regard to exchange of notes and distribution of coins, the afore-said Scheme has since been reviewed and it has now been decided to revise the incentive being paid to the banks for distribution of coins with a major thrust on alternate avenues so as to extend the outreach.

What is a Business Risk and How can it be identified?

August 27, 2021 1578 Views 0 comment Print

It is practically impossible for a company to completely shelter itself from any kind of risk at all. The only way is to mitigate the overall risks associated with the business by building a strong risk management strategy. Depending upon the kind of industry, size of company and kind of operations, the type of risk can vary from one company to another.

CBIC extends ADD on uncoated copier paper till 28.02.2022

August 27, 2021 1701 Views 0 comment Print

Seeks to amend Notification number 56/2018-Customs(ADD) dated 4th December, 2018, to extend the levy on “uncoated copier paper” from Indonesia & Singapore upto 28th February, 2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 27th August, 2021 Notification No. 48/2021-Customs (ADD) G.S.R. 597(E).—Whereas, the designated authority vide initiation notification No. 7/8/2021-DGTR, dated the […]

Street vendors included in PM SVANidhi Scheme beneficiaries

August 26, 2021 543 Views 0 comment Print

The Reserve Bank has now decided to include street vendors identified as part of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres as beneficiaries under the PIDF Scheme. As hitherto, the street vendors in tier-3 to tier-6 centres will continue to be covered under the Scheme.

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