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S 11B limitation held applicable in accumulated Cenvat credit refund is bad law- Part 1

January 26, 2020 1899 Views 0 comment Print

Local taxes & duties cannot be exported & this is the principle followed the world over under the aegis of the WTO. This basic principle cannot be violated  & if the government does that by implying a limitation period not appearing in the law then it is violation of Basic Principles of Law. It is […]

DGFT: Why we indulge in stupidity & rejoice

December 26, 2019 1134 Views 0 comment Print

It is the prime responsibility of the policy makers to exercise due diligence in carrying out prime responsibility & in doing so application of mind should be visible. As per the mandate of the Parliament, the DGFT exists to facilitate exports by way of Export Promotion Policy. I have been involved with exports since 1983 […]

CCC, Mumbai-II: Actions needs to be taken to help Exporters & Mitigate Corruption-2nd story

October 29, 2019 753 Views 0 comment Print

The Finance Minister assured that the refunds of the exporters will be handled on top priority. However, if the field formations are run as personal fiefdom, there is no scope for any success. More so when you are working in a legally oriented manner i.e. you are citing the responsibilities & obligations of the officials […]

CBIC & GST Council: Lead by example of gentleman’s behavior

June 20, 2019 1344 Views 0 comment Print

I am amply sure in my mind that nobody wants to be on the wrong side of the law & be in trouble. However, for compliance, it is essential that the users should be able to understand the law. However, the truth is that neither the lawmakers nor the implementers are sure of what the […]

GST on Overseas Tour Package- CBIC & GST Council needs to collect taxes legitimately

June 17, 2019 27843 Views 3 comments Print

CBIC & GST Council: Suppress greed and collect taxes legitimately I sincerely believe every Indian wants to pay taxes legitimately & contribute to the nation building. I am also aware that Law is not a rational code & that it is an adage that the law is an ass & I am responsible for it. […]

DGFT & CBIC: The ugly face of corrupt practices- 6th Story

March 4, 2019 1788 Views 0 comment Print

There is no educational institution, which taught you to cheat therefore I fail to understand that where did the Indian bureaucracy learn to cheat the citizens. Further, the way systemic corruption pervades the complete system is mind boggling. To me, this is most despicable & disgusting feature of the Indian bureaucracy & every Indian must […]

DGFT & CBIC: The ugly face of corrupt practices–5th Story

February 4, 2019 1545 Views 0 comment Print

In respect of the exports, the Parliament has laid down that the task of the DGFT is to facilitate exports. The same applies to the CBIC because the local taxes cannot be exported therefore there is no responsibility of the collection of the taxes associated with the exports, but the responsibility is to administer the […]

DGFT & CBIC: The ugly face of corrupt practices –4th story

January 28, 2019 2472 Views 0 comment Print

The Udyog Bhawan & the North Block houses the elite policymakers & probably the best of the IAS & the IRS (because in any efficient system, the merit should rise to the top & be entrusted with policy making task) but then when you find the best in the country indulging into a con game […]

DGFT & CBIC: The ugly face of corrupt practice- 3rd Story

January 20, 2019 2286 Views 0 comment Print

When you are in the position of power, it is very easy to abuse the authority. On the other hand, it is very difficult for an authority to find courage to accept a mistake & say sorry. This is truer of the Indian bureaucracy than anywhere else in the world because there is no responsibility […]

DGFT & CBIC: The ugly face of corrupt practices—2nd story

January 14, 2019 2913 Views 0 comment Print

It is very difficult to understand the motivations of the bureaucracy in pretending that they do not understand even the very basics & the system valuing those bureaucrats in increasing the inefficiency in the system. My understanding is that for these reasons, the stooges rise to the top & they have no fear in their […]

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