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Income Tax search in Pune – Unaccounted income of Rs. 120 crore Detected

November 17, 2021 747 Views 0 comment Print

Income Tax Department conducts searches in Pune The Income Tax Department carried out a search and seizure operation on 11.11.2021 on a group at Pune which is engaged in manufacturing of heavy machinery like excavators, cranes, concrete machinery which are used in mining, piling and port, etc. Search operation has covered around 25 locations across […]

Taxpayers’ Lounge of Income Tax Department set up at IITF, 2021

November 16, 2021 1584 Views 0 comment Print

Taxpayers’ Lounge of Income Tax Department set up at IITF, 2021 A Taxpayers’ Lounge has been set up by the Income Tax Department in India International Trade Fair, 2021 at Pragati Maidan, New Delhi from 14th – 27th November 2021, for fostering awareness about various services provided by the Income Tax Department to taxpayers and […]

Extension of Date for Mandatory e-filing of Non-Preferential CoO to 31.01.2022

November 15, 2021 1032 Views 0 comment Print

Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Dated: 15th November 2021 Udyog Bhawan, New Delhi Trade Notice No. 24/2021-22 To, 1. All Exporters/Members of Trade 2. All Agencies listed under Appendix-2E of the FTP Subject: Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of […]

Tariff Notification No. 91/2021-Customs (N.T.), Dated 15.11.2021

November 15, 2021 975 Views 0 comment Print

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Tariff Notification No. 91/2021-Customs (N.T.), Dated 15.11.2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th November, 2021 Notification No. 91/2021-Customs (N.T.) S.O. 4753(E).—In exercise of the powers conferred by sub-section […]

Appointment of Internal Ombudsman by NBFCs

November 15, 2021 1968 Views 0 comment Print

In the interest of conduct of business relating to Non-Banking Financial Companies (NBFCs), RBI directs specified NBFCs registered with RBI under Section 45-IA of the RBI Act, 1934 to appoint an Internal Ombudsman (IO). Reserve Bank of India RBI/2021-2022/126 CO.CEPD.PRS.No.S874/13-01-008/2021-2022 November 15, 2021 The Chairman/Managing Director & CEO a) NBFCs-D with 10 or more branches, […]

Default bail U/s. 167(2) Cr.P.C. cannot be equated with discretion of Court U/s. 437, 438 or 439 Cr.P.C.

November 13, 2021 4746 Views 0 comment Print

Punjab & Haryana High Court modifies conditions for default bail under Section 167(2) Cr.P.C. in Amandeep Singh Bhui vs Inspector CGST case.

Trade must grow in a mutually beneficial & collaborative way- Shri Goyal

November 12, 2021 555 Views 0 comment Print

Global Supply chains should not only be based only on cost but also on trust – Shri Piyush Goyal Trade must grow in a mutually beneficial and collaborative way- Shri Goyal Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival- Shri Goyal India has proved its capability and emerged as […]

CBIC launches online digital application for scheduling of examination of cargo for traders

November 12, 2021 894 Views 0 comment Print

CBIC launches online digital application for scheduling of examination of cargo for traders at ICD Tughlakabad, Delhi ICD Tuglakabad’s initiative will improve logistics efficiency of industry by launching Customs clearance work on Sundays and all public holidays Customs at ICD Tuglakabad also inaugurates Baggage Scanner for non-intrusive examination of unaccompanied baggage/palletized import Cargo As a […]

RBI Integrates 3 Ombudsman schemes into Reserve Bank – Integrated Ombudsman Scheme, 2021

November 12, 2021 1059 Views 0 comment Print

All Commercial Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks and Non-Scheduled Primary (Urban) Co-operative Banks with deposits size of Rupees 50 crore and above as on the date of the audited balance sheet of the previous financial year;

Auction of Government Securities: Non-Competitive Bidding Facility to retail investors

November 12, 2021 1731 Views 0 comment Print

With a view to encouraging wider participation and retail holding of Government securities, retail investors are allowed participation on “non- competitive” basis in select auctions of dated Government of India (GoI) securities and Treasury Bills.

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