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Import Policy of Supari under ITC(HS) 21069030 is revised from ‘Free’ to ‘Prohibited’

February 14, 2023 3861 Views 0 comment Print

The Minimum Import Price (MIP) imposed on tariff lines under 080280 is revised from Rs. 251/- per Kilogram to Rs. 351/- per Kilogram. The Import Policy of Supari under ITC(HS) 21069030 is revised from ‘Free’ to ‘Prohibited’ and Import shall be Free if CIF value is Rs. 351/- or above per Kilogram. The given conditions […]

Procedure for allocation of quota for import of Calcined & Raw Pet Coke

February 14, 2023 1122 Views 0 comment Print

The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminium Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2023-24 is notified. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) New Delhi Public Notice No. 57/2015-20-DGFT Dated: 14th February, […]

Power of attachment of bank account can’t be used as a tool to harass assessee: HC

February 13, 2023 2820 Views 1 comment Print

The petitioner was engaged in the business of trading in coal. The department issued summons for recording of statement and production of sales and purchase registers. The director of petitioner was unable to attend and requested for adjournment.

Compliance of BIS standards for toys or parts of toys during import – reg

February 13, 2023 4845 Views 0 comment Print

BIS has made available the list of BIS licensees of domestic manufacturers and foreign suppliers of toys as per their Website and Mobile App.

Weekly newsletter from Chairman, CBIC dated 13/02/2023

February 13, 2023 1428 Views 0 comment Print

Further, last week the Directorate General of GST Intelligence (DGGI) and the National Forensic Sciences University (NFSU), signed a Memorandum of Understanding (MoU) for setting up of digital forensic laboratories along with exchange of information and knowledge, technological advancement and skill development in the field of digital forensics.

Request for Extension of Income Tax Return Filing Deadline

February 12, 2023 111579 Views 8 comments Print

The Advocates’ Tax Bar Association, a registered association under the Societies Act, has written a letter to the Minister of Finance requesting an extension of the income tax return filing deadline. The letter highlights the challenges faced by taxpayers and tax professionals, particularly in flood-affected regions, and seeks compassionate consideration during these exceptional circumstances. The […]

MCA- 21 V3 Portal – Common issues/concerns/ technical glitches

February 11, 2023 44679 Views 5 comments Print

We are sharing common issues/concerns/ technical glitches on MCA- 21 V3 Portal for your kind perusal and early resolution

Clarification in respect of compliance by first-time issuers of debt securities

February 9, 2023 861 Views 0 comment Print

Clarification in respect of the compliance by the first-time issuers of debt securities under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 with Regulation 23(6)

MCA Imposes Penalty of Rs. 13 Lakh for non-submission of Balance Sheet

February 9, 2023 14400 Views 0 comment Print

Read about the penalties imposed on Nature Gold Nidhi Limited for non-compliance with the Companies Act, 2013. Learn about the violations, fines, and the appeal process

Applicant cannot seek advance ruling in relation to supply where he is recipient of services

February 9, 2023 753 Views 0 comment Print

In re Anmol Industries Limited (GST AAR West Bengal) Finally, we proceed to appreciate the issue of admissibility of this application with reference to section 103 of the GST Act and for that purpose, we like to reproduce sub­section (1) of section 103 of the GST Act which reads as follows: “Applicability of advance ruling.— […]

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