Editor5's Posts - Page 4

Penalty cannot be imposed for issue already been adjudicated for Penalty

Shri N A Jayaram Vs Commissioner of Customs (CESTAT Bangalore)

N A Jayaram Vs Commissioner of Customs (CESTAT Bangalore) I find that the only issue in the present case is whether the imposition of penalty under Section 114(i) of the Customs Act, 1962 on the ground of abetment of falsely signed the invoices used for improper exportation is justified under law. Further, I find that […]...

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HC stays order Levying GST on commission & not on bet amount In Horse Races

Union of India Vs Bangalore Turf Club Limited (Karnataka High Court)

Union of India Vs Bangalore Turf Club Limited (Karnataka High Court) Karnataka High Court Stays the Judgment of Single Judge in which he held that Goods and Service Tax (GST) cannot be levied on the entire bet amount received in the totalisator as it would take away the principle that tax can only be levied on […]...

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All about issue of Mumbai Railway Monthly Pass from 11.08.2021

In order to enable citizens to travel in suburban trains Offline Verification Procedure for Covid-19 Vaccination & issuing Railway Monthly Pass to start on tomorrow 11th August 2021 from 7 am at suburban railway stations...

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Posted Under: Custom Duty |

Tariff Notification No. 66/2021-Customs (N.T.) | Dated: 11.08.2021

Notification No. 66/2021-Customs (N.T.) [S.O. 3243(E).] 11/08/2021

Tariff Notification No. 66/2021-Cus (N.T.) dated 11.08.2021 in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 66/2021-Customs (N.T.) | Dated: 11th August, 2021 S.O. 3243(E).—I...

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72% of financial transactions of PSBs done through digital channels

Nearly 72% of financial transactions of Public Sector Banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crore in FY 2019-20 to 7.6 crore in FY2020-21. This was stated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a written reply to a question in Rajy...

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Posted Under: Custom Duty |

CCI approves acquisition of Bikaji Foods International Limited

The Competition Commission of India (CCI) approves acquisition by Lighthouse India Fund III, Limited (Fund III) and Lighthouse India III Employee Trust (Lighthouse Employee Trust) (collectively referred to as Acquirers) of Bikaji Foods International Limited (Target) under Section 31(1) of the Competition Act, 2002, yesterday....

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Posted Under: Custom Duty |

Coconut Development Board (Amendment) Act, 2021

No. 22 of 2021 10/08/2021

(1) This Act may be called the Coconut Development Board (Amendment) Act, 2021. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint....

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Detention order passed without application of mind is liable to be vitiated

Gopal Gupta Vs Union of India & Ors. (Delhi High Court)

Gopal Gupta Vs Union of India & Ors. (Delhi High Court) The petitioners herein have produced certified copies of the detention orders dated 17.05.2019 passed in the case of Union of India & Anr. vs. Dimple Happy Dhakad, reported as (2019) 20 SCC 609 (filed by the detenu’s wife) from the records available in the […]...

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Extension in period of modification of IEC till 31.08.2021

Notification No. 16/2015-2020-DGFT [S.O. 3204(E)] 09/08/2021

Period of modification of IEC is extended for the year 2021-22 only till 31.08.2021, and no fee shall be charged on modifications carried out in IEC during the period upto 31st August, 2021....

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Ensure non-Import of Split Cassia label as Cinnamon: CBIC

Instruction No. 16/2021-Customs 09/08/2021

Officers handling facilitated consignments or those officers posted at non FSSAI ports, to ensure that Cassia or Split Cassia is not imported with label of Cinnamon or Split Cassia (Cinnamon.)...

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January 2022