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Smart plugs classifiable under sub-heading 85371000

November 24, 2021 1938 Views 0 comment Print

In re Amazon seller services Pvt Ltd (CAAR Mumbai) CAAR held that Smart plugs of model no. C2YY3N are rightly classifiable under sub-heading 85371000 of the first schedule to the Customs Tariff Act, 1975 and The said smart plugs would be eligible to claim benefit of serial number 490 of notification no. 50/2017-Cus., dated 30.06.2017. […]

Networking Device classifiable under sub-heading 85176290

November 24, 2021 1491 Views 0 comment Print

In re  Amazon seller services Pvt Ltd (CAAR Mumbai) From the functionality perspective, the product under consideration, therefore, appears to perform the function of reception, conversion and transmission in all three different scenarios described above. The first rule of interpretation of customs tariff is that goods under consideration should be classified in accordance with the […]

CAAR ruling on classification of networking device & passive antennas

November 24, 2021 1323 Views 0 comment Print

In re Amazon Digital Services Pvt. Ltd. (CAAR Mumbai) CAAR held that  that networking devices model nos. DSN87C (rooftop node or RT node) and D5N87D9 (customer premise node or CP node) are classifiable under sub-heading 85176290; and passive antennas, one high gain and one low gain, having model no. 14D3T2A are classifiable under sub-heading 85177090 […]

Import of wireless equipment by Telecom Service Providers based on self-declaration

November 23, 2021 2772 Views 0 comment Print

Applicant shall submit all the relevant details on Saralsanchar Portal atleast 30 days in advance from the date of destination port entry. Applicant can immediately download a system generated certificate after online payment of fees of Rs. 500 and self-declaration.

SEBI mandates Disclosure of Complaints against Stock Exchanges/Depositories/Clearing Corporations

November 23, 2021 705 Views 0 comment Print

SEBI  mandates Disclosure of Complaints against the Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations vide Circular No. SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2021/664 Dated: November 23, 2021. Securities and Exchange Board of India CIRCULAR SEBI/HO/MRD1/MRD1_ICC1/P/CIR/2021/664 November 23, 2021 To, The Managing Directors / Chief Executive Officers All Recognized Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations Dear Sir / Madam, Sub: […]

RBI Caution against various Co-operative societies using the word “Bank” in their names

November 22, 2021 519 Views 0 comment Print

It has come to the notice of RBI that some Co-operative Societies are using the word Bank in their names in violation of Section 7 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) (the BR Act, 1949).

RBI announces Draft Scheme of Amalgamation of PMC Bank with Unity Small Finance Bank

November 22, 2021 1149 Views 0 comment Print

Reserve Bank of India has today placed in public domain a draft scheme of amalgamation of The Punjab and Maharashtra Cooperative (PMC) Bank with Unity Small Finance Bank Ltd. (USFB), a banking company incorporated in India under Companies Act, 2013, and having its Registered Office in New Delhi. USFB has commenced operations with effect from November 1, 2021.

GST payable on services provided by Club to its Members against monthly contribution

November 22, 2021 2241 Views 0 comment Print

In re Rotary Club of Bombay Queen City (GST AAR Maharashtra) Whether the activity of the applicant i.e. collecting contributions and spending towards meeting and administrative expenditures only, is ‘business’ as envisaged u/s 2(17) of the CGST Act, 2017 and Whether contributions from the members in the Administration Account, recovered for expending the same for […]

AAR allows ‘Apras Polymers and Engineering Co. Pvt. Ltd.’ to withdraw application

November 22, 2021 1056 Views 0 comment Print

‘Apras Polymers and Engineering Co. Pvt. Ltd.’submitted a letter via email dated 16.11.2021 and requested that they may be allowed to voluntarily withdraw their Advance Ruling application filed on 17.06.2021.

Food Safety and Standards (Alcoholic Beverages) Amendment Regulations, 2021

November 22, 2021 1161 Views 0 comment Print

These regulations may be called the Food Safety and Standards (Alcoholic Beverages) Amendment Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette. FOOD SAFETY AND STANDARDS AUTHORITY OF INDIA NOTIFICATION New Delhi, the 22nd November, 2021 F. No. Std/SP-21/T(Alcohol-3).—The following draft of certain regulations further to amend […]

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