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Flame – Producing Lighters (Quality Control) Order, 2023

July 5, 2023 1191 Views 0 comment Print

Learn about Flame-Producing Lighters (Quality Control) Order 2023 issued by Ministry of Commerce and Industry. Discover requirements, compulsory use of Standard Mark, certification, and penalties for non-compliance.

Potable Water Bottles (Quality Control) Order, 2023

July 5, 2023 1779 Views 1 comment Print

Read the Potable Water Bottles (Quality Control) Order 2023 issued by the Ministry of Commerce and Industry. Learn about the compulsory use of Standard Mark, certification, and penalties for non-compliance.

MCA Imposes Penalty for Delay in Filing Member’s Resolution & Explanatory Statement

July 5, 2023 6972 Views 0 comment Print

MCA has imposed a penalty on Alag Brainworks Limited for violating Section 117 of Companies Act, 2013 by failing to file a member’s resolution and explanatory statement within specified time frame. Learn more about the case and the penalties imposed by the MCA.

RBI Invites Feedback on Draft Circular for Card Network Arrangements

July 5, 2023 1242 Views 0 comment Print

Reserve Bank of India (RBI) has released a draft circular on Arrangements with Card Networks for issue of Debit, Credit, and Prepaid Cards. RBI invites stakeholders to provide comments and feedback on the draft circular by August 4, 2023.

Jurisdiction in Case of Banned Yarn Shawl lies in Delhi not J&K if seizure & SCN Occurred in Delhi

July 4, 2023 753 Views 0 comment Print

The J&K High Court dismissed a writ petition challenging a show cause notice on banned yarn shawl exports, asserting that the case’s jurisdiction lies in Delhi, not J&K.

CIT(A) Cannot Enhance Income on New Issue – Appeal against Section 143(1) Intimation

July 4, 2023 777 Views 0 comment Print

The ITAT Kolkata recently deleted an addition made on interest receipt by the CIT(A) in the case of Guruji Mercantile Pvt. Limited Vs ITO, citing lack of jurisdiction.

CESTAT Sets Aside Order as Show Cause Notice was Time-barred

July 4, 2023 3159 Views 0 comment Print

A thorough review of the CESTAT Ahmedabad case between Kandla Port Trust and C.C.E. & Kutch (Gandhidham) where the CESTAT quashed the order as the SCN was time-barred.

ICAI releases FAQs on New Scheme of Education and Training

July 4, 2023 77934 Views 3 comments Print

Frequently Asked Questions (FAQs) on New Scheme of Education and Training released by The Institute of Chartered Accountants of India PART A : GENERAL FAQs Q 1: When has the New Scheme of Education and Training been launched? Ans: The New Scheme of Education and Training has been launched on CA Day, i.e. 1st July, 2023. […]

MCA Imposes Rs. 3 Lakh Penalty for Failure to Appoint Internal Auditor

July 4, 2023 17409 Views 0 comment Print

Read about penalty imposed by MCA on Antique Exim Pvt. Ltd. for violating Section 138 of Companies Act, 2013 by failing to appoint an internal auditor. The penalty amount is Rs. 3 lakh.

Mere CA Certificate insufficient to prove incidence of duty: CESTAT directs re-examination

July 4, 2023 1632 Views 0 comment Print

In the case between Pelican Rubber Ltd and Commissioner of Customs, CESTAT Hyderabad asserts that a CA Certificate is insufficient to prove the incidence of duty, directing a remand to the Original Authority for re-examination.

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