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Anti-subsidy investigation on imports of Viscose Rayon Filament Yarn

August 9, 2021 1569 Views 0 comment Print

Case No. CVD OI- 05/2020 Anti-subsidy investigation concerning imports of ―Viscose Rayon Filament Yarn above 60 deniers originating in or exported from China PR.

Collateral free loans to SHGs- Limit extended to Rs. 20 Lakh

August 9, 2021 846 Views 0 comment Print

For loans to SHGs above ₹10 lakh and up to ₹20 lakh, no collateral should be charged and no lien should be marked against savings bank account of SHGs. However, the entire loan (irrespective of the loan outstanding, even if it subsequently goes below ₹10 lakh) would be eligible for coverage under Credit Guarantee Fund for Micro Units (CGFMU)

Payment of Bonus (Maharashtra Amendment) Act, 2010

August 9, 2021 7086 Views 0 comment Print

Payment of Bonus (Maharashtra Amendment) Act, 2010 provides that All amounts payable to an employee by way of bonus under Payment of Bonus Act, 1965 shall be paid either by an account payee cheque drawn in favour of the employee or by crediting the same in the bank account of an employee. Full text of […]

Proceedings by both State & Central GST Authorities allowed if subject matter is not same

August 8, 2021 1764 Views 0 comment Print

Kuppan Gounder P.G. Natarajan Vs Directorate General of GST Intelligence (Madras High Court) As far as Section 6(2)(b) of the Act is concerned, this Court is of the considered opinion that the State authorities issued a notice for intimating discrepancies in the return after scrutiny in proceedings dated 17.12.2020. The said proceedings would reveal that […]

Penalty not leviable if quantum appeal allowed by Tribunal

August 6, 2021 4806 Views 0 comment Print

Cushman & Wakefield Property Management Services India Pvt. Ltd.,Vs DCIT (ITAT Delhi) We have heard both the parties and perused the relevant material available on record. It is pertinent to note that the quantum appeal has been allowed by the Tribunal. Thus, the addition, on which penalty has been imposed by the Revenue does not […]

DGFT amends Paras 4.82, 4.83, 4.84 of HBP 2015-20

August 6, 2021 903 Views 1 comment Print

Amendments are made in Para 4.82, 4.83, 4.84 of Hand Book of Procedure 2015-20 purely as a onetime temporary measure in view of difficulties expressed by the trade due to COVID -19 situation.

SEBI (Mutual Funds) (Second Amendment) Regulations, 2021

August 5, 2021 753 Views 0 comment Print

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 5th August, 2021 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (SECOND AMENDMENT) REGULATIONS, 2021 No. SEBI/LAD-NRO/GN/2021/36.—In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of […]

The National Commission For Homoeopathy (Amendment) Bill, 2021

August 5, 2021 654 Views 0 comment Print

The National Commission for Homoeopathy was constituted on the 5th July, 2021 and on the same date, the Homoeopathy Central Council Act, 1973 was repealed and the Central Council of Homoeopathy was superseded. Though a decision was taken that subsequent to the repeal of the said Act, it is not appropriate to move a replacement […]

SEBI modifies Operational Guidelines for FPIs and DDPs

August 4, 2021 960 Views 0 comment Print

For operationalizing the aforementioned amendment to the SEBI (Foreign Portfolio Investors) Regulations, 2019, the Explanation provided under Para 2 (ii) (b) of Part A of the Operational Guidelines for FPIs and DDPs, issued vide circular dated November 05, 2019, stands modified

Apple Home Pod classifiable under TI 8517 6290: AAR Customs

August 4, 2021 1605 Views 0 comment Print

In re Apple India Private Limit (Custom Authority for Advance Ruling, Mumbai) Considering the attributes of the device in question, which is capable of receiving voice commands, covert such voice commands into text to perform multiple tasks, e.g., stream music from the internet or another Apple device, retrieve information available in the net like weather, […]

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