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Institute of Cost Accountants elects new President & Vice-President (2022-23)

November 29, 2022 2580 Views 0 comment Print

Institute of Cost Accountants of India conducted election of President and Vice-President . CMA Vijender Sharma has been elected as the President and CMA Rakesh Bhalla has been elected as the Vice-President of for the year 2022-23.

CBIC Amends notification no. 48/2022–Customs (N.T.), dated 31.05.2022

November 29, 2022 1317 Views 0 comment Print

Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022 vide Notification No. 99/2022-Customs (N.T.), Dated: 29.11.2022. Exemption from deposits in ECL for specified goods u/s 51A(4) of the Customs Act now w.e.f. April 1, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, Notification No. 99/2022-Customs (N.T.) […]

Clarification on import of goods in setting up of Solar Power Plant under PIR, 1986

November 28, 2022 1554 Views 0 comment Print

In re Green Infra Clean Wind Power Limited (CAAR Delhi) M/s. Green Infra Clean Wind Power Limited, 5th Floor, Tower-C, Building No. 8, DLF Cyber city, Gurgaon-122002, Haryana, a company having PAN AAJCG7352B (applicant, in short), has filed an application dated 26.09.2022 seeking advance ruling under section 28-H of the Customs Act, 1962 before the […]

Manner of processing and sanction of withheld IGST refunds

November 28, 2022 7209 Views 0 comment Print

Manner of processing and sanction of IGST refunds, withheld in terms of clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the CGST Rules, 2017-regarding

SEBI: Procedure for seeking prior approval for change in control

November 28, 2022 2847 Views 0 comment Print

In case the incumbent is a registered stock broker, clearing member, depository participant, in addition to the above, it shall obtain approval /NOC from all the stock exchanges/clearing corporations/depositories, where the incumbent is a member/depository participant and submit self-attested copy of the same to SEBI.

FCRA: Act & Rules / Regulations-List of Agencies not treated as foreign source

November 26, 2022 1641 Views 0 comment Print

List of agencies of the United Nations, and other international agencies and organizations notified by the Central Government to be not covered by the definition of ‘foreign source’, under section 2(1)(j)(ii) of the Foreign Contribution (Regulation) Act, 2010 ****** The United Nations System I. Secretariat 1. Office of Internal Oversight Services, New York. 2. Office […]

FAQ on Social Stock Exchange (SSE)

November 26, 2022 6021 Views 1 comment Print

SSE will act as a medium between Social Enterprises and fund providers and that can help them to select those entities that are creating measurable social impact and reporting such impact. Certain type of Social Enterprises

Export of wheat flour (atta) allowed under Advance Authorization Scheme

November 25, 2022 3351 Views 0 comment Print

The SION-El 10 stands deleted. The export of wheat flour (atta) is allowed under Advance Authorization Scheme. Accordingly, a new SION has been notified and import of ‘Wheat’ is placed under Appendix 4J with pre-import condition. Domestic procurement is not allowed in case of such Advance Authorization. Government of India Ministry of Commerce and Industry […]

PF/ESI/EPF paid before filing return of income allowable

November 25, 2022 3288 Views 0 comment Print

PCIT Vs Pro Interactive Service (India) Pvt. Ltd (Delhi High Court) In view of the judgments of the Division Bench of Delhi High Court in Commissioner of Income-Tax versus Aimil Limited, (2010) 321 ITR 508 (Del) the issue is covered against the Revenue and, therefore, no substantial question of law arises for consideration in this […]

Classification of Laser Jet Printer should be based on its primary function

November 25, 2022 1710 Views 0 comment Print

In re HP India Sales Pvt. Ltd. (CAAR Delhi) The moot question is as to whether or not, the items, i.e printers in question, in absence of formatter board and firmware have the essential character of a printer. To arrive at the conclusion, I intend to refer to a few judgments. In the case of Jaypee […]

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