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Result of Customs Brokers Examination, 2020 conducted on 06.03.2020

March 15, 2020 3633 Views 0 comment Print

The written Customs Brokers Examination, 2020 was conducted on 06.03.2020 at designated centers across India. In terms of Regulation 6(2) of CBLR, 2018 the list of candidates who have passed the written examination is as follows:

Dues of secured creditor have preference over Crown debts: SC

March 15, 2020 3960 Views 0 comment Print

Connectwell Industries Pvt. Ltd. Vs Union of India (Supreme Court) It is trite law that, unless there is preference given to the Crown debt by a statute, the dues of a secured creditor have preference over Crown debts. Rule 2 of Schedule II to the Act provides for a notice to be issued to the […]

Mere B.Com cannot be registered as valuer for asset class of “Securities or Financial Assets”

March 13, 2020 3300 Views 0 comment Print

The application for registration as valuer of the applicant was received by the Authority only on 19th March 2019. There can be no doubt that the applicant must satisfy the eligibility conditions in accordance with the relevant laws prevalent at the time of grant of registration. When the application of the applicant was received by […]

Reopening in case of previously completed scrutiny cannot be taken up after 4 years

March 13, 2020 3510 Views 0 comment Print

HLG Memorial Hospital Pvt. Ltd. Vs ACIT (ITAT Kolkata) In the reasons supplied to the petitioner, there is no whisper, what to speak of any allegation, that the petitioner had failed to disclose fully and truly all material facts necessary for assessment and that because of this failure there has been an escapement of income […]

Mineral Laws (Amendment) Act, 2020

March 13, 2020 2151 Views 0 comment Print

(1) This Act may be called the Mineral Laws (Amendment) Act, 2020. (2) It shall be deemed to have come into force on the 10th day of January, 2020.

Draft Companies (CSR Policy) Amendment Rules, 2020 for comments

March 13, 2020 11907 Views 0 comment Print

In order to operationalize the Companies (Amendment) Act, 2019, the Companies (Corporate Social Responsibility Policy) Amendment Rules , 2020 has been drafted for carrying out amendments in the Companies (CSR Policy) Rules, 2014.

GST on sprinklers systems for use in Drip irrigation system: AAR allows withdrawal of application

March 13, 2020 1689 Views 0 comment Print

In re Arihant Plast (GST AAR Rajasthan) Questions asked by Appellant 1. Whether parts of sprinklers systems sold by us like HDPE SPRINKLER FEMALE COUPLER, HDPE SPRINKLER MALE COUPLER, HDPE SPRINKLER BEND, HDPE SPRINKLER END CAP, HDPE PUMP CONNECTING NIPPLE,HDPE SPRINKLER REDUCER etc., exclusively meant for use in Sprinkler and Drip irrigation system but sold […]

AAR cannot rule on documents required to prove receipt of proceeds in foreign currency

March 13, 2020 1578 Views 0 comment Print

In re Thinklab Edusoft LLP (GST AAR Rajasthan) In the instant case, we observe that the following question sought by the applicant are outside the scope of Section 97(2) of CGST Act 2017 therefore the application is liable for rejection without going in to the merit of the case under Section 98(2) of CGST Act […]

Tariff Notification No. 24/2020-Customs (N.T.) dated 13th March, 2020

March 13, 2020 924 Views 0 comment Print

Tariff Notification No. 24/2020-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver.

CBIC notifies Rate of Exchange of Foreign Currencies wef 14.03.2020

March 13, 2020 621 Views 0 comment Print

Exchange Rates Notification No. 23/2020-Custom (NT) dated 13.03.2020 Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 14th March, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 23/2020 – Customs (N.T.) New Delhi, dated the 13th March, 2020 23 Phalguna 1941 (SAKA) […]

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