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RBI relaxes Video based Customer Identification & KYC Process

May 10, 2021 2073 Views 0 comment Print

On a review, it has been decided to amend the MD on KYC to further leverage the Video based Customer Identification Process (V-CIP) and to simplify and rationalise the process of periodic updation of KYC.

DGFT’s COVID-19 Helpdesk to resolve International Trade related Issues

May 10, 2021 480 Views 0 comment Print

Industry can approach the Covid 19 Helpdesk for support and register their issues on the DGFT website (https://dgft.gov.in) or email at dgftedi@nic.in. Department of Commerce is committed to take up all such matters received on priority with other Ministries/Departments and State Governments/UTs.

‘Track assembly’ is an accessory to Motor vehicle – 28% GST Payable

May 7, 2021 2949 Views 0 comment Print

In Re Daebu Automotive Seat India Private Limited (GST AAR Tamilnadu) The product ‘Track Assembly’ manufactured and supplied by M/s. Daebu Automotive India Private Limited, is classifiable under CTH 8708 of the First Schedule to the  Customs Tariff Act, 1975 as applicable to GST as per Explanation (iii) to Notification 1/2017-Central Tax (Rate) dt 28.06.2017 […]

AAR allowed applicant to withdraw application filed with incorrect information

May 7, 2021 858 Views 0 comment Print

In re Security And Intelligence Services (India)LTD (GST AAR Tamilnadu) In the case at hand, the applicant vide their application has stated that they provide security service to IIT Madras and when the documents related to the supply for which ruling is sought was called for, the applicant has stated that by mistake they had […]

ADD investigation on imports of ‘Plain Medium Density Fibre Board’

May 7, 2021 402 Views 0 comment Print

Case No. ADD-OI-08/2020 Anti-dumping investigation concerning imports of ‘Plain Medium Density Fibre Board having thickness 6mm and above’ produced by M/s. Kim Tin MDF Joint Stock Company, Vietnam.

CBIC Notifies Rate of Exchange of Foreign Currencies Wef 16.04.2021

May 6, 2021 759 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 7th May, 2021, vide Notification No. 46/2021-Customs (N.T.), Dated: 6thMay, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 46/2021 – Customs (N.T.) New Delhi, dated the 6thMay, 2021 16 […]

Exclusion of ‘Lakshmi Vilas Bank’ from Second Schedule to RBI Act, 1934

May 6, 2021 552 Views 0 comment Print

We advise that the Lakshmi Vilas Bank Ltd has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III – Section 4) dated January 16 – January 22, 2021.

CBDT amends Income Tax Notification No. 15/2015 dated 16.02.2015

May 6, 2021 1317 Views 0 comment Print

CBDT amends Notification No. 15/2015 dated 16.02.2015 vide which  CBDT notified ‘Godrej Agrovet Limited Animal Feed Extension Project‘ under section 35CCC of the Income-tax Act,1961 (43 of 1961) read with Rules 6AAD and 6AAE of the Income-tax Rules,1962. CBDT now amends the same vide Notification No. 48/2021 -Income Tax Dated: 6th May 2021. MINISTRY OF […]

Top 4 Benefits of Buying Guaranteed Savings Plan

May 6, 2021 1501 Views 0 comment Print

Investing in a guaranteed saving plan will reap advantages that will enable you to fulfill your goals. Read our blog to know all the benefits of a saving plan.

Reg. Investigation of Anti-dumping duty on imports of Certain Rubber Chemicals

May 6, 2021 552 Views 0 comment Print

Amendment to the Final Finding Notification No.15/05/2016-DGAD dated 02nd September, 2017 in Sunset Review investigation of Anti-dumping duty imposed on the imports of Certain Rubber Chemicals, namely, TDQ & PX-13 originating in or exported from the European Union and MOR and MBTS originating in or exported from the Peoples Republic of China.

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