Chennai-IV Commissionerate is introducing the EPD portal as a one-stop solution for online submission of mandatory compliances such as Returns, intimation of import, intimation of goods receipt, B17 bond debit & credit. The portal can be accessed through the web link https://epdchennaicustoms.in/. T
Processing of Refund application of tax amount of more than Rs 2 Crore:- All the refund applications where the applicant has claimed more than Rs 2 Crore of total tax amount, the application shall be processed at the Ward level by the ETO-cum-Proper Officer and Tax Inspector in accordance with the provisions of the law and the instructions.
As per Regulations 11(1)(f) of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015, one of the functions of the Committee is to discharge any other function entrusted by the Authority from time to time. Accordingly, the committee is entrusted to review AOA of IIISLA. The detailed terms of reference are as follows:
One of the recommendations of the Committee related to the separation of role of Chairperson and MD/CEO of listed companies. The main rationale for the recommendation was that separation of powers of the Chairperson and MD/CEO may provide a better and more balanced governance structure by enabling more effective and objective supervision of the management.
Replenishment Authorisation for applications submitted before 21.02.2022 through legacy system (http://dgftcom.nic.in/eComapplications.html) will continue to be processed through legacy system by RAs.
The ‘previous 90 days period’ for determination of ‘out of order’ status of a CC/OD account shall be inclusive of the day for which the day-end process is being run. In case of borrowers having more than one credit facility from a lending institution, loan accounts shall be upgraded from NPA to standard asset category only upon repayment of entire arrears of interest and principal pertaining to all the credit facilities.
Seeks to extend the Anti-Dumping Duty (ADD) on imports of Aluminium foil of thickness ranging from 5.5 micron to 80 micron originating in or exported from People’s Republic of China, imposed vide Notification No. 23/2017-Customs (ADD), dated the 16th May, 2017,, till 15th June, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 14th […]
It is hereby notified that the name of CA. M. Jayaraman (Membership No. 207004), shall stand removed from the Register of Members for a consolidated period of 13(Thirteen) months [01(one) year plus additional 1(one) month] with effect from 14th February, 2022.
The articles of food or ingredients or additive imported by the manufacturers or processors for their captive use or production of value added products for hundred per cent exports; or the consignments of articles of food or ingredients or additives imported by the firms or companies for use of their sister concerns or wholly owned subsidiary companies, to be used for hundred per cent export production subject to a defined relationship agreement between the two entities in this behalf and accompanied with Sanitary/Health Certificate issued by the Competent Authority of an exporting country”
On the anti-evasion side, CGST Commissionerate, Gandhidham booked a case of irregular availment of Input Tax Credit (ITC) on ‘Base Oil’ by certain Transporters in Kutch who are reported to have been illegally using such ‘Base Oil’ as automotive fuel. Further, such misuse is environmentally egregious. It is reported that the total inadmissible ITC availed is in excess of Rs. 13 Crore and that an amount of Rs. 5.80 Crore has been recovered till date.
