Day: November 16, 2016

Unregistered partnership firms can be referred to arbitration, Mere non filing of deed not make arbitration application liable to dismissal–SC

Unregistered partnership firms can be referred to arbitration, there is no contrary statutory provision. Mere non filing of deed not make arbitration application liable to dismiss–Supreme Court  ABCAUS Case Law Citation: 1055 (2016) (11) SC Important Case under consideration: Atul Singh & Othes Vs. Sunil Kumar Singh   &   Others 2008 (2) SCC 602 Bharat Sewa Sansthan Vs. U.P.Electronics Corporation Ltd.  …

Revised Rules for reporting cash deposit transaction by banks. Amendment to Rules 114B and 114E. More than Rs. 250000 deposited now reportable-CBDT

Revised Rules for reporting cash deposit transaction by banks. Amendment to Rules 114B and 114E. More than Rs. 250000 deposited between 9th Nov, 2016 to 30th Dec, 2016 now reportable-CBDT CBDT has further amended Rules 114B, 114C, 114D and 114E  by Notification No. 02/2017 dated 06-01-2017 providing for …

Deferred payment of customs duty by eligible importer. Importer shall indicate deferred payment in Bill of Entry filed. Custom Circular 52/2016

Deferred payment of customs duty by eligible importer. Importer intending to use benefit shall indicate deferred payment in Bill of Entry filed Circular No. 52/2016-Cus F. No.450/81/2016-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ****** New Delhi, dated the …