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Import allowed through IOC- Govt amends policy conditions

September 16, 2021 1788 Views 0 comment Print

Policy condition no.5 of Chapter 27 of ITC (HS), 2017, Schedule – I (Import Policy) amended in terms of Government Resolution No. P-12029(11)/2/2018-OMC-PNG dated 08.11.2019. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 27/2015-2020 – DGFT New Delhi, Dated:/16th September, 2021 Subject: Amendment of policy […]

Revamped Gold Monetisation Scheme

September 15, 2021 609 Views 0 comment Print

The Gems & Jewellery sector is one of the important sectors of Indian Economy, with a contribution of around 7% to GDP, 10-12% share in country’s total merchandise export and being one of the leading sectors in terms of employment generation providing employment to approx. 5 million skilled and semi-skilled workforce.

Relaxation in Study Period for students appearing CA Intermediate Exam

September 15, 2021 1026 Views 0 comment Print

Competent Authority has decided that the students who have cleared July, 2021 Foundation Examination are required to register in Intermediate Course till November 1, 2021 in order to appear in May, 2022 Intermediate Examination.

GST act contains provision for refund of CVD/SAD paid under erstwhile regime

September 15, 2021 4488 Views 0 comment Print

Flexi Caps And Polymers Pvt Ltd Vs Commissioner, CGST (CESTAT Delhi) The apparent fact on record is that the appellant has paid the entire CVD/SAD upon the goods imported by the appellant, as inputs, for manufacturing its final product. No doubt, initially the import was made duty free but for the reason that the appellant […]

ITAT remands case back to AO- Reassessment based on change of opinion

September 15, 2021 3369 Views 0 comment Print

Magma HDI General Insurance Co. Ltd. Vs. ITO (Calcutta High Court) Mr. Dutta could not satisfy this Court about what new material of documents came into the possession of the Assessing Officer after the order of assessment under Section 143(3) of the Act, which were not produced by the assessee before the Assessing Officer in […]

Reg. Anti Dumping Duty on Rubber chemical PX-13 / MOR

September 14, 2021 1164 Views 0 comment Print

Notification No. 50/2021-Customs (ADD) In the matter of ‘Rubber chemical PX-13, originating in, or exported from, EU and Rubber chemical MOR, originating in, or exported from, China PR’

Consultation Paper on Review of SEBI (Settlement Proceedings) Regulations, 2018

September 14, 2021 1119 Views 0 comment Print

SEBI introduced concept of settlement of enforcement proceedings through rule based guidelines issued in 2007. Thereafter in 2012, comprehensive guidelines were issued which expressly provided for a system of formulating and arriving at the settlement terms.

Anti-dumping investigation on imports of Sodium Hydrosulphite

September 14, 2021 1953 Views 0 comment Print

Case No. AD (OI) – 29/2020 Anti-dumping investigation concerning imports of “Sodium Hydrosulphite” originating in or exported from China PR and Korea RP.

Extension of timelines for Issuance of Electronic health insurance policies

September 14, 2021 480 Views 0 comment Print

Timelines for (a) Issuance of electronic policies and (b) dispensing with physical signatures and wet signature on the proposal form in respect of health insurance policies, stand extended up to 31st March,2022.

IRDAI penalises Team Insurance Surveyors and Loss Assessors LLP

September 14, 2021 2697 Views 0 comment Print

Multiple surveys were conducted on the same day across different locations. Some of the sample surveys in Delhi were not conducted by the licensed surveyor as the surveyor was not in Delhi. Rather the assigned surveyor was conducting surveys in Kerala or Bihar on the concerned dates. The surveyor did not visit the site himself and only signed the report.

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