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SEBI (Issue and Listing of Non Convertible Securities) (Amendment) Regulations, 2023

February 2, 2023 3756 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2023.

Implementation of Paper Import Monitoring System (PIMS) – FAQs

January 23, 2023 13566 Views 0 comment Print

In Paper, there are no small volume/high value goods on which Air-Cargo is justified. Therefore, registration under PIMS shall be mandatory regardless to mode of transportation.

India and UAE DTAA not contain any article concerning FTS

January 23, 2023 2289 Views 0 comment Print

WTS Energy Dmcc Vs DCIT (Delhi High Court) Double Tax Avoidance Agreement obtaining between India and UAE does not contain any article concerning FTS. The petitioner, who is a non-resident and does not have a PE in India, claims that the subject income is “business income.”  It is because of these varying stands, that a […]

VAT on Hiring of Helicopters – Delhi HC to decide

January 23, 2023 885 Views 0 comment Print

Pawan Hans Limited Vs Commissioner of Trade & Taxes (Delhi High Court) The appellant states that it is in the business of chartering helicopters and has entered into agreements with various State Government and public sector entities for hiring of its helicopters. According to the VAT authorities, the agreements entail transfer of the right to […]

HC allows Govt servant to appear for All India Bar Examination

January 23, 2023 5874 Views 1 comment Print

Delhi High Court grants provisional enrolment to Sandeep, a Delhi Jal Board Senior Assistant, for AIBE-XVII, citing Supreme Court directions. Details of the hearing.

ITAT allows Section 54B deduction to HUF on agricultural land purchased in Individual capacity

January 23, 2023 1704 Views 0 comment Print

HUF is owner of the said agricultural land though it is registered in the name of the coparcener, as the HUF is enjoying all the benefits of the said agricultural land.

Companies (Miscellaneous) Amendment Rules, 2023

January 22, 2023 2469 Views 0 comment Print

These rules may be called Companies (Miscellaneous) Amendment Rules, 2023.They shall come into force with effect from 23rd day of January, 2023.

Interest not payable In absence of condition precedent in Section 11AA of Central Excise Act, 1944

January 22, 2023 1749 Views 0 comment Print

CESTAT held that interest is payable for default in depositing the tax by the due date voluntarily or after determination of the amount of duty under Section 11A of Central Excise Act, 1944.

Method of computation of transaction value of export of goods shall be as per Custom Valuation Rules

January 21, 2023 4995 Views 0 comment Print

In re Shiv Shakti Minechem (CAAR Mumbai) CAAR ruled that valuation of the subject goods namely ‘Laterite’ shall be done in accordance with the provisions of Customs Valuation (Determination of value of export goods) Rules, 2007 read with Customs Act, 1962. Accordingly, in respect of the rulings sought by the applicant on the points as […]

Classification of to be imported Rolls Made of Polyester, Taffeta, Satin Etc.

January 21, 2023 756 Views 0 comment Print

Applicant proposed to import Rolls made of Polyester, Taffeta, Satin etc. which are available with width ranging from 10 millimetres to 810 millimetres. The applicant submits that ultimate customer of products are companies engaged in manufacturing of readymade garments. The products will be ultimately used for the purpose to capture trademark, wash care instructions and other details like country of manufacturing, size, make etc. on the products for the reference of retail customers.

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