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CBIC extends last date of export by six months for export of specified period

May 21, 2020 1377 Views 0 comment Print

Notification No. 24/2020-Customs-  Seeks to amend notification No. 56/2000-Customs, dated the 5th May, 2000,  No. 57/2000-Customs, dated the 8th May, 2000 and notification No. 40/2015-Customs, dated the 21st July, 2015 providing for extension of last date of export by six months, for those cases where the last date of export falls between 01.2.2020 and 31.7.2020 […]

CBIC notifies Rate of Exchange of Foreign Currencies wef 22.05.2020

May 21, 2020 1116 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 22.05.2020 vide Notification No. 46/2020-Customs (N.T.), Dated: 21st May, 2020. Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) ***** Notification No. 46/2020 – Customs (N.T.) New Delhi, dated the 21st May, 2020 31 Vaisakha 1942 […]

Report of IRDAI Working Group on Revisiting Guidelines on Trade Credit Insurance

May 21, 2020 1017 Views 0 comment Print

IRDAI Working Group has proposed several changes in the existing guidelines in order to improve the credit insurance market and at the same time meet the requirements of various stakeholders involved in trade related transactions.

SEBI Review of Post-Default Curing Period for CRAs

May 21, 2020 507 Views 0 comment Print

It has been noted in a few recent cases of defaults that even though the rated entity was able to correct the default within a relatively shorter span of time, the rating could not be upgraded and continued to be under sub-investment grade due to the extant provisions on post-default curing period of 90 days for the rating to move from default to speculative grade and generally 365 days for default to investment grade.

Latex collection cup used for rubber tapping is an agricultural implement

May 20, 2020 2838 Views 0 comment Print

In re Tainakathuveettil Appukuttan Dayanandan (M/s. Sun Polymers) (GST AAR Kerala) The process of collection of rubber latex through rubber tapping is an agricultural activity. Plastic cups are used to collect latex from rubber trees. The plastic cups are placed below the spouts using cup hangers. The applicant is engaged in the manufacture and supply […]

Plastic latex collection cup comes under HSN 8201 90 00

May 20, 2020 2562 Views 0 comment Print

In re Matha Timber Industries (GST AAR Kerala) The process of collection of rubber latex through rubber tapping is an agricultural activity. Plastic cups are used to collect latex from rubber trees. The plastic cups are placed below the spouts using cup hangers. The applicant is engaged in the manufacture and supply of plastic cups, […]

GST on Plastic cups used to collect latex from rubber trees

May 20, 2020 1002 Views 0 comment Print

In re Thadickal Trading Company (GST AAR Kerala) The process of collection of rubber latex through rubber tapping is an agricultural activity. Plastic cups are used to collect latex from rubber trees. The plastic cups are placed below the spouts using cup hangers. The apphcant is engaged in the wholesale and retail supply of plastic […]

GST on construction of Jetty & development of sites for N.T.R.O. on Deposit Work terms

May 20, 2020 3150 Views 0 comment Print

In re Cochin Port Trust (GST AAR Kerala) 1. Whether, having regard to the background and details including the scope of work of the Deposit work contained in the M.O.U. entered into between CoPT and N.T.R.O., what is the nature of the services rendered by CoPT under the M.O.U. entered Into between CoPT and N.T.R.O.? […]

GST exempt on Plastic latex collection cup used for collection of rubber latex

May 20, 2020 1401 Views 0 comment Print

In re Pala Marketing Co-operative Society Ltd. (GST AAR Kerala) Classification and rate of tax of agricultural implements namely latex collection cup, made of plastic, used exclusively for collection of rubber latex, an agricultural activity. Plastic latex collection cup is an agricultural implement exclusively used for rubber tapping and comes under the classification HSN 8201 […]

Silicone Insole and Heel Cushion classifiable under HSN 6406

May 20, 2020 8145 Views 0 comment Print

In re Dynamic Techno Medicals Pvt. Ltd. (GST AAR Kerala) The Silicone Insole and Heel Cushion are rightly classifiable under HSN 6406 [Parts of footwear (including uppers whether or not attached to soles other than outer soles); removable in-soles, heel cushions and similar articles; gaiters, leggings and similar articles, and parts thereof] as parts of […]

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