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Notifications/Circulars

PLI Scheme for Automobile & Auto components Industry

September 23, 2021 3759 Views 0 comment Print

Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry in India for Enhancing India’s Manufacturing Capabilities for Advanced Automotive Products with a budgetary outlay of Rs. 25,938 crore.

Central Motor Vehicles (Twenty first Amendment) Rules, 2021

September 23, 2021 8886 Views 0 comment Print

Rules for RECOGNITION, REGULATION AND CONTROL OF AUTOMATED TESTING STATIONS” G.S.R. 652(E) dated 23 September 2021 1. Section 56(2) of Motor Vehicle Act, 1988 introduced through Section 23 on Motor Vehicles (Amendment) Act 2019, empowers the Central Government to make rules for recognition, regulation and control of Automated Testing Stations. 2. An Automated Testing Station […]

DGTR recommends anti-dumping duty on imports of Ceftriaxone Sodium Sterile

September 23, 2021 684 Views 0 comment Print

DGTR recommends the imposition of the antidumping duty on the imports of Ceftriaxone Sodium Sterile, originating in or exported from China PR, from the date of notification to be issued in this regard by the Central Government, equal to the amount mentioned in Col. 7 of the duty table appended below. The landed value of […]

Impose anti-­dumping duty on Import of HFC Component R-32: DGTR

September 23, 2021 2322 Views 0 comment Print

Authority is of the view that imposition of anti­dumping duty on Import of Hydrofluorocarbon (HFC) Component R-32 is required to offset dumping and injury. The Authority considers it necessary and recommends imposition of anti-dumping duty on imports of subject goods from the subject country. Having regard to the lesser duty rule followed by the Authority, […]

China dumping Silicone Sealants at below normal value: DGTR

September 23, 2021 1764 Views 0 comment Print

The product under consideration i.e. Silicone Sealants has been exported from the China at a price below the normal value, thus resulting in dumping. The domestic industry has suffered material injury. The examination of the imports of the subject product and the performance of the domestic industry shows that the volume of imports from subject […]

GST evasion & fraudulent ITC availment -SCN not issued in many cases

September 22, 2021 3456 Views 0 comment Print

A detailed analysis to pursue trends in cases of GST evasion & fraudulent ITC availment booked viz-a-viz number of SCNs issued against for the FY 2017-18 [w.e.f. July, 2017], 2018-19 & 2019-20, have been made and it is observed that in GST evasion cases booked and in the Fraudulent ITC cases booked, during the above mentioned period, SCNs have been issued only in few cases.

Exercise of control not relevant for Classification From Promoter To Public Group: SEBI

September 22, 2021 714 Views 0 comment Print

Board of directors of the Company has received Letters from a constituent of promoters and promoter Group in the matter of Re-classification of their shareholding from Promoter category to Public Category. Stock exchanges shall permit reclassification of status of a promoter to public only upon compliance with the procedural requirements laid down under regulations 31A […]

PFRDA (Custodian of Securities) (Amendment) Regulations, 2021

September 22, 2021 576 Views 0 comment Print

These regulations may be called the Pension Fund Regulatory and Development Authority (Custodian of Securities) (Amendment) Regulations, 2021.

CBDT add further exclusions to section 144B Faceless Assessment

September 22, 2021 6801 Views 0 comment Print

Assessment Orders shall be passed by the National Faceless Assessment Centre (NaFAC) u/s 144B of the Act except as under:- i. Assessment orders in cases assigned to Central Charges. ii. Assessment orders in cases assigned to International Tax Charges.

Faceless Assessment in Cases in which limitation period expires on 30.09.2021

September 22, 2021 2097 Views 0 comment Print

Central Board of Direct Taxes hereby directs that in addition to the exclusion of the cases in the said Orders, cases (a) set aside to be done de novo or (b) to be done u/s 147 of the Act

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