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

November 22, 2021 1074 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 1209 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 […]

RBI includes Baroda UP Bank in Second Schedule to RBI Act, 1934

November 22, 2021 5337 Views 0 comment Print

We advise that the name of Baroda UP Bank has been included to and names of three erstwhile Regional Rural Banks (RRBs) have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934,

Mr. Sandip Garg takes charge as Executive Director, IBBI

November 22, 2021 1101 Views 0 comment Print

Mr. Sandip Garg took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI) in New Delhi today. Immediately before joining IBBI, he was serving as Commissioner (Exemptions), Income Tax, Pune.

Appellant can’t be penalized for inability of an advocate who had expired

November 20, 2021 1467 Views 0 comment Print

Chopra Generators Vs State of Punjab (VAT Tribunal, Punjab) There is a specific provision made by the legislature in its wisdom i.e. Section 64 which enables Appellate Authority to condone; the delay in the interest of justice if it is not filed within stipulated period. The First Appellate Authority has considered the plea raised before […]

CBIC Notifies Rate of Exchange of Foreign Currencies wef 19.11.2021

November 18, 2021 1383 Views 0 comment Print

CBIC notifies Rate of Exchange of Foreign Currencies against Indian Rupees with effect from 19th November, 2021 vide Notification No. 92/2021- Customs (N.T.) | Dated: 18th November, 2021. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 92/2021 – Customs (N.T.) New Delhi, dated the 18th November, […]

SEBI amends circular related to Schemes of Arrangement by Listed Entities

November 18, 2021 2706 Views 0 comment Print

1. SEBI vide Circular No. SEBI/HO/CFD/DIL2/CIR/0/2021 dated November 16, 2021 notified changes to the Master Circular No. SEBI/HO/CFD/DIL1/CIR/P/2020/249 dated December 22, 2020. 2. In this regard, an addendum to the aforesaid Circular dated November 16, 2021 is placed at Annexure 1.

Income Tax dept searches Kolkata based cement & real estate group

November 18, 2021 1170 Views 0 comment Print

The Income Tax Department carried out search and seizure operations on 16.11.2021 on a prominent Kolkata based group engaged in manufacturing of cement and real estate. The search action covered 24 premises spread over Kolkata, Delhi and places in the states of Assam and Meghalaya.

Application for Re-Assessment of Bill of Entry can be made Under section 154

November 18, 2021 14361 Views 0 comment Print

Indian Oil Corporation Limited Vs C.C.E. & S.T. (CESTAT Ahmedabad) We find that among other submissions the learned counsel has also made reference of Section 154 of Customs Act, 1962 whereby the assessment can be amended by Re­assessment of Bill of Entry. However, on query from the bench learned counsel fairly submits that they have […]

Out-door catering services used primarily for personal use or consumption of any employee is not ‘Input Service’: SC

November 18, 2021 2628 Views 0 comment Print

The statutory provision – Rule 2(1) defining ‘Input Service’ post 01.04.2011 is very clear and the out-door catering services when such services are used primarily for personal use or consumption of any employee is held to be excluded from the definition of ‘Input Service’.

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