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SC explains Excise Valuation Principal for under Invoiced Goods pre & Post 01.07.2000

August 24, 2020 1476 Views 0 comment Print

Commissioner of Central Excise Vs Cera Board and Doors (Supreme Court) In fine, these appeals are disposed of, confirming the impugned orders of CESTAT setting aside the Orders ­in­ Original passed by the Adjudicating Authorities and remanding the matters back for re­adjudication. However, while carrying out the exercise of re­adjudication, the Adjudicating Authorities should keep […]

No Anti-Profiteering if NO ITC availed by Respondent in post-GST period

August 24, 2020 882 Views 0 comment Print

National Anti-Profiteering Authority (NAA) finds no violation of Anti-Profiteering provisions in construction service. Benefit of ITC not availed post-GST.

No penalty for violation of section 171 Provisions before 01.01.2020

August 24, 2020 1302 Views 0 comment Print

Shri M. Srinivas Vs Director General of Anti-Profiteering (NAA) Respondent has contravened the provisions of Section 171 (1) of the CGST Act, 2017. However, since, the penalty prescribed under Section 171 (3A) of the CGST Act, 2017 for violation of the above provisions has come in to force w.e.f. 01.01.2020 and the infringement pertains to […]

MHA removes curb on inter & intra state movement of persons & goods

August 22, 2020 888 Views 0 comment Print

MHA issued revised clarification on 22nd August on its order dated 29th July 2020, wherein No curb on inter and intra state movement of persons and goods. Now henceforth no separate permission/approval/e permit will be needed for such movement. Home Secretary Government of India North Block, New Delhi D.O. No. 40-3/2020-DM-I(A) Dated : 22nd August, […]

SOP for travel on Vande Bharat & Air Transport Bubble flights

August 22, 2020 759 Views 0 comment Print

Standard Operating Protocol (SOP) for travel on Vande Bharat and Air Transport Bubble flights- In order to contain the spread of COVID-19 pandemic, Central Government had taken a series of steps to curtail the inward/ outward movement of international passengers (both foreigners and Indians) in a calibrated manner. Further international air travel of passengers (except as permitted by MHA) has been prohibited under MHA’s Orders related to lockdown/ Unlock guidelines. For bringing back Indian Nationals stranded abroad, Government of India has launched Vande Bharat mission.

SEBI amends Clause 19 of SEBI (IFSC) Guidelines, 2015

August 21, 2020 891 Views 0 comment Print

The entities issuing and/or listing their debt securities in IFSC shall prepare their statement of accounts in accordance with IFRS/ US GAAP/ IND AS or accounting standards as applicable to them in their place of incorporation. In case an entity does not prepare its statement of accounts in accordance with IFRS/ US GAAP/ IND AS, a quantitative summary of significant differences between national accounting standards and IFRS shall be prepared by such entity and incorporated in the relevant disclosure documents to be filed with the exchange.

Guidelines- Rules of Origin under Trade Agreements & verification of Certificates of Origin- reg.

August 21, 2020 7971 Views 1 comment Print

Guidelines regarding implementation of section 28DA of the Customs Act, 1962 and CAROTAR, 2020 in respect of Rules of Origin under Trade Agreements (FTA/PTA/CECA/CEPA) and verification of Certificates of Origin- reg.

Anti-dumping Investigation on imports of Arylides from China- Reg.

August 21, 2020 1023 Views 0 comment Print

Case No. ADD – (OI) 23/2020- Initiation of Anti-dumping Investigation concerning imports of Aceto Acetyl Derivatives also known as Arylides from China PR MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) INITIATION NOTIFICATION New Delhi, the 21st August, 2020 Case No. ADD – (OI) 23/2020 Subject : Initiation of Anti-dumping […]

Anti-dumping investigation of imports of ‘Soda Ash- Reg.

August 21, 2020 1680 Views 0 comment Print

Preliminary Findings in the matter of anti-dumping investigation concerning imports of ‘Soda Ash’ originating in or exported from Turkey and USA.

Safeguard investigation of imports of Single Mode Optical fibre- Reg.

August 21, 2020 738 Views 0 comment Print

Safeguard investigation concerning imports of Single Mode Optical fibre in to India – Final Findings – Proceedings under Customs Tariff Act, 1975 and the Custom Tariff (identification and Assessment of Safeguard) Rules, 1997

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