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CIMS will be effective from 01.04.2021- DGFT

January 28, 2021 2877 Views 0 comment Print

The CIMS will be effective from 01.04.2021, i.e., Bill of Entry filed on or after 01.04.2021 for items as listed in this Notification shall be governed by CIMS. The facility of online registration will be available with effect from 15.02.2021.

Anti-dumping investigation on imports of Toluene Di-Isocyanate

January 28, 2021 984 Views 0 comment Print

Case No. ADD (O.I.) 34/2019- Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION FINAL FINDINGS New Delhi, the 28th January, 2021 Case No. ADD (O.I.) 34/2019 Subject : Anti-dumping investigation […]

Anti-dumping investigation on imports of Black Toner in powder form

January 28, 2021 654 Views 0 comment Print

Case No. ADD-(OI) 05/2020 Anti-dumping investigation concerning imports of Black Toner in powder form originating in or exported from China PR, Malaysia and Taiwan.

ITR software should allow filing of Return despite non payment of Tax

January 28, 2021 1065 Views 0 comment Print

The Income Tax Department is also directed to consider the provisioning of a facility in its software to upload Income Tax Returns with the actual amount paid and for the system to accept the said returns even though the complete amounts had not been paid.

CENVAT credit on reinsurance services for insuring business risks allowable

January 28, 2021 936 Views 0 comment Print

In the instant case, the reinsurance services availed by the Appellant are for insuring its business risks and not in respect of any particular motor vehicle. Reinsurance, by its nature, pertains to the insurance of business of the Appellant.

Banks may use ratings of ‘CRISIL’ for risk weighting their claims for capital adequacy purposes

January 27, 2021 468 Views 0 comment Print

Banks may therefore, use the ratings of the CRISIL Ratings Limited for the purpose of risk weighting their claims for capital adequacy purposes. The rating-risk weight mapping for the long term and short-term ratings assigned by CRISIL Ratings Limited will be the same as was in the case of CRISIL Limited and there is no change in the rating symbols earlier assigned by CRISIL Limited.

RBI framework for strengthening grievance redress mechanism in banks

January 27, 2021 1809 Views 0 comment Print

To further strengthen the customer grievance redress mechanism in banks, it has been decided to put in place a comprehensive framework comprising of, inter-alia, enhanced disclosures by banks on customer complaints, recovery of cost of redress from banks for the maintainable complaints received against them in OBOs in excess of the peer group average,

Writ filed against constitutional validity of Section 16(4) of GST Act, 2017

January 27, 2021 11589 Views 0 comment Print

Surat Mercantile Association & 5 Other(S) Vs Union Of India & 2 Other(S) (Gujarat High Court) 1. We have heard Mr. Vinay Shraff, the learned counsel assisted by Mr. Parth Shah, the learned counsel appearing for the writ applicants. 2. The subject matter of challenge in the present writ application is to the constitutional validity […]

Constitution of Maharashtra Consumer Welfare Fund under MGST Act, 2017

January 27, 2021 357 Views 0 comment Print

Constitution of Maharashtra Consumer Welfare Fund w.e.f. 1st July 2017 under Maharashtra Goods and Services Tax Act, 2017. Also Read- Constitution of Standing Committee under rule 97(4) of Maharashtra GST Rules, 2017 FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 27th January 2021 NOTIFICATION MAHARASHTRA GOODS AND SERVICES TAX […]

Notification No. 11/2021-Customs (N.T./CAA/DRI), Dated: 27/01/2021

January 27, 2021 13335 Views 0 comment Print

Notification No. 11/2021-Customs (N.T./CAA/DRI) [G.S.R. 453(E)], Dated: 27/01/2021 – Reg. Appointment of Common Adjudicating Authority. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 11/2021-Customs (N.T./CAA/DRI) New Delhi, dated 27.01.2021 S.O. 448(E). – In pursuance of notification No. 60/2015-Customs (N.T.), published vide […]

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