Government Policy

Understanding meaning of Extradition Treaty and Arrangement

Custom Duty - Extradition is an act where one jurisdiction delivers a person accused or convicted of committing a crime in another jurisdiction, over to their law enforcement. It is a cooperative law enforcement process between the two jurisdictions and depends on the arrangements made between them...

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Conversion of One Business Entity To Another- Tax Implications

Custom Duty - The matter for discussion attempted herein, – based on independent thoughts and own viewpoints shared hereby, – concerns the ongoing controversy, with presumably no specific direction or clues for guidance in mind; which is as regards the tax implications of section 47(xiiib), rtw sec 47 A(4) (for short, the enactment), of the...

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

Custom Duty - 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 […]...

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Affidavit is a Sworn Written Statement !

Custom Duty - In this article we shall look through the different components of an affidavit, let’s begin with understanding the term Affidavit- “Affidavit” is a term used very frequently in the common-parlance; however, the consequences it carries are highly underestimated. People file affidavits being unaware of what its repercussions might be ...

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Indian market in 2019

Custom Duty - Everyone in stock market desires to have a vision about the future movement of stock market. So, they can be benefited from it. And with the arrival of 2019, these desires have increased exponentially. The year 2018 has passed, but the volatility of the market has been continuously increasing. It is now crystal clear that […]...

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Computer based Examination under Customs Brokers Licensing Regulations

Custom Duty - Computer based Examination under Regulation 6 of the Customs Brokers Licensing Regulations, 2018 (As Amended); The Examination to be conducted on 15th March, 2019 at designated Examination Centers across India...

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Taxation of Digital Businesses

Custom Duty - The Government has not held any consultation regarding taxation of digital businesses as such. However, to address the challenges posed by the enterprises who conduct their business through digital means and carry-out activities in the country remotely, the following measures have been taken:...

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Cabinet Approves Abolition of Institution of Income-Tax & Indirect Tax Ombudsman

Custom Duty - Union Cabinet chaired by PM Narendra Modi has approved the proposal for Abolition of Institution of Income-Tax Ombudsman and Indirect Tax Ombudsman....

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Cabinet approves amendments to Banning of Unregulated Deposit Schemes Bill, 2018

Custom Duty - Union Cabinet has given its approval to move official amendments to Banning of Unregulated Deposit Schemes Bill, 2018, pursuant to recommendations of Standing Committee on Finance (SCF). ...

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Government Unveils vision for the Next Decade 

Custom Duty - Government Unveils vision for the Next Decade  The Government has unveiled its vision for the next decade, listing thereby ten most important dimensions in 2030. “With this comprehensive ten-dimensional Vision, we will create an India where poverty, malnutrition, littering and illiteracy would be a matter of the past. India would be a ...

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Collecting parking fee by malls illegal : Gujarat HC issues notice (Read PIL)

Sajeev Bhargav Ezhava Vs. Versus State Of Gujarat (Ahmedabad High Court) - Petitioner Sajeev Ezhava, filed public interest litigation before Hon’ble Gujarat High Court contending that the parking fee collected by malls and commercial establishments is illegal and against the basis of exempting them from municipal taxes. ...

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Hotels / restaurants can Sale mineral water above MRP: SC

Federation of Hotel and Restaurant Association of India (Supreme Court of India) - Federation of Hotel and Restaurant Association of India (Supreme Court of India); Hon’ble SC held that that neither the Standards of Weights and Measures Act, 1976 read with the enactment of 1985, or the Legal Metrology Act, 2009, would apply so as to interdict the sale of mineral water in hot...

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Text of ICJ Judgment in the case of Kulbhushan Jadhav

Jadhav Case - India V. Pakistan (International Court Of Justice) - In the present case, the Applicant claims that Mr. Jadhav, who is an Indian national, was arrested, detained, tried and sentenced to death by Pakistan and that, despite several attempts, India was given no access to him and no possibility to communicate with him....

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Charging Vat on discounted MRP is unfair Trade Practice: NCDRC

M/s. Aero Club (Woodland) Vs Rakesh Sharma (NCDRC) - Once it has come on record that the MRP of the product includes all taxes, it was not open for the trader to impose VAT again on the discounted price....

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Notifications should not allowed to be missile attacks on budding industries

Shree Cement Ltd. Vs State of Rajasthan (Rajasthan High Court) - Another caveat on legislative practices, particularly subordinate legislation and executive policy decisions and the decision making process, which is amenable to judicial review by courts is that, it is high time that subordinate legislations in the form of notifications issued by Executive should ...

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Lakshadweep and Andaman & Nicobar Islands Industrial Development Scheme, 2018

F.No.16(35)/2018-NER - (01/01/2019) - The scheme will be called Lakshadweep and Andaman & Nicobar Islands Industrial Development Scheme, (LANIDS) 2018 and will cover Union Territories of Lakshadweep and Andaman & Nicobar Islands. It will be effective from 01.04.2018 and will remain in force up to 31.03.2020 with committed liabilities ac...

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Fugitive Economic Offenders (Receipt and Management of Confiscated Properties) Rules, 2018

Notification No. G.S.R. 397(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Receipt and Management of Confiscated Properties) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018

Notification No. G.S.R. 395(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018

Notification No. G.S.R. 394(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Application for Declaration of Fugitive Economic Offender) Rules, 2018

Notification No. G.S.R. 393(E) - (24/04/2018) - (1) These Rules may be called the Fugitive Economic Offenders (Application for Declaration of Fugitive Economic Offender) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Recent Posts in "Government Policy"

Computer based Examination under Customs Brokers Licensing Regulations

Computer based Examination under Regulation 6 of the Customs Brokers Licensing Regulations, 2018 (As Amended); The Examination to be conducted on 15th March, 2019 at designated Examination Centers across India...

Read More
Posted Under: DGFT |

Taxation of Digital Businesses

The Government has not held any consultation regarding taxation of digital businesses as such. However, to address the challenges posed by the enterprises who conduct their business through digital means and carry-out activities in the country remotely, the following measures have been taken:...

Read More
Posted Under: DGFT |

Cabinet Approves Abolition of Institution of Income-Tax & Indirect Tax Ombudsman

Union Cabinet chaired by PM Narendra Modi has approved the proposal for Abolition of Institution of Income-Tax Ombudsman and Indirect Tax Ombudsman....

Read More
Posted Under: DGFT |

Cabinet approves amendments to Banning of Unregulated Deposit Schemes Bill, 2018

Union Cabinet has given its approval to move official amendments to Banning of Unregulated Deposit Schemes Bill, 2018, pursuant to recommendations of Standing Committee on Finance (SCF). ...

Read More
Posted Under: DGFT |

Understanding meaning of Extradition Treaty and Arrangement

Extradition is an act where one jurisdiction delivers a person accused or convicted of committing a crime in another jurisdiction, over to their law enforcement. It is a cooperative law enforcement process between the two jurisdictions and depends on the arrangements made between them...

Read More
Posted Under: DGFT |

Conversion of One Business Entity To Another- Tax Implications

The matter for discussion attempted herein, – based on independent thoughts and own viewpoints shared hereby, – concerns the ongoing controversy, with presumably no specific direction or clues for guidance in mind; which is as regards the tax implications of section 47(xiiib), rtw sec 47 A(4) (for short, the enactment), of the...

Read More
Posted Under: DGFT |

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

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 […]...

Read More
Posted Under: DGFT |

Affidavit is a Sworn Written Statement !

In this article we shall look through the different components of an affidavit, let’s begin with understanding the term Affidavit- “Affidavit” is a term used very frequently in the common-parlance; however, the consequences it carries are highly underestimated. People file affidavits being unaware of what its repercussions might be ...

Read More
Posted Under: DGFT |

Indian market in 2019

Everyone in stock market desires to have a vision about the future movement of stock market. So, they can be benefited from it. And with the arrival of 2019, these desires have increased exponentially. The year 2018 has passed, but the volatility of the market has been continuously increasing. It is now crystal clear that […]...

Read More
Posted Under: DGFT |

ICICI Bank safeguards investors’ interest in the face of crisis

There is more than one reason to believe that ICICI Bank has moved onto greener pastures in 2019. A closer look at ICICI Bank’s Q3 results shows that its retail loans have grown by 22% year-on-year and constitute 59% of the loan portfolio as of December 31, 2018. Further, addition to the bank’s gross non-performing […]...

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Posted Under: DGFT |

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