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Fried Fryums’ classifiable under Tariff Item 21069099

November 28, 2019 4332 Views 0 comment Print

In re Alisha Foods (GST AAR Madhya Pradesh) Heading 2106 is an omnibus heading covering all kind of edible preparations, not elsewhere specified or included. Chapter Note 5 provides an inclusive definition of this heading and covers preparations for use either directly or after processing, for human consumption. In 5(b) above preparation for use after […]

IRDAI : Extension of time/withdrawal of existing products

November 28, 2019 1293 Views 0 comment Print

Authority has received representations from Life Insurance Council and various life insurers requesting for extension of the timelines referred in the quoted circulars citing reasons of ensuring system preparedness and training of personnel required.  On considering the same

Bill to Ban use of Electronic Cigarettes Introduced in Lok Sabha

November 28, 2019 777 Views 0 comment Print

http://164.100.47.4/BillsTexts/LSBillTexts/PassedLoksabha/342-C_2019_LS_Eng.pdf

Release of various collection report in ITBA-OLTAS environment

November 28, 2019 1215 Views 0 comment Print

As you may be ware that OLTAS module has been migrated to ITBA environment and presently challan correction facilities are available in ITBA. The various collection MIS/reports which were available in the legacy OLTAS module have been designed and developed in ITBA environment and being release to enable field access and generate. The reports are available in Income Tax Business Application (ITBA) as per the following details:

Pr. DG/DG DRI can appoint Pr. Commissioner/ Commissioner of Customs as adjudicating authorities

November 28, 2019 1788 Views 0 comment Print

Pr. DG/DG DRI to appoint officers of the rank of Principal Commissioner/ Commissioner of Customs as adjudicating authorities in respect of specified cases. This would be in addition to the authority to appoint Additional Director General (Adjudication) as an adjudicating authority.

Govt notifies Permissible International Exchange Jurisdictions under PMLA

November 28, 2019 9351 Views 1 comment Print

Central Government notifies the following jurisdictions under Prevention of Money-laundering Law- (i) United States of America (ii) Japan (iii) South Korea (iv) United Kingdom excluding British Overseas Territories (v) France (vi) Germany (vii) Canada and (viii) International Financial Services Centre in India. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th November, 2019 […]

Notification No. 64/2019-Customs (N.T./CAA/DRI), Dated: 28.11.2019

November 28, 2019 816 Views 0 comment Print

Notification No. 64/2019-Customs (N.T./CAA/DRI), Dated: 28.11.2019- Appointment of CAA by DGRI – reg. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 64/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 28th November 2019 S.O. 4300(E).—In pursuance of notification No. 60/2015-Customs (N.T.), published vide number […]

Steps taken by Government for growth of TV Industry in India

November 28, 2019 1743 Views 0 comment Print

Government has removed 5% Basic Custom Duty (BCD) on open cell (15.6 and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV Panels vide Notification No. 30/2019-Customs dated 17.09.2019, till September 2020.

Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 – Amendment

November 28, 2019 1863 Views 0 comment Print

These Directions shall be called as the Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 and shall supersede all other directions issued on the subject and covered by these regulations.

No Service Tax on ‘Allowed Loss and Consumption’ of LNG during regasification

November 28, 2019 1989 Views 0 comment Print

Petronet LNG Limited Vs Principal Commissioner of Service Tax (CESTAT Delhi) The Appellant regasifies Liquefied Natural Gas owned by customers in terms of Agreements which also contain a clause relating to “allowed loss and consumption” under which a certain percentage of LNG made available to the Appellant by the customers is understood to be lost/consumed […]

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