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Abcaus

IP registration application

Pendency of criminal proceedings u/s 498A of IPC makes a person not fit and proper to become IP

administrator March 23, 2019 bankruptcy, IBBI
Pendency of criminal proceedings u/s 498A of IPC makes a person not fit and proper to become an Insolvency Professional. ABCAUS Case Law Citation: ABCAUS 2839 (2019) (03) IBBI In the instant case, the Insolvency and Bankruptcy Board of India (IBBI/Board) rejected the application for registration as an …
bankruptcy

Income Tax/Sales Tax Department are Operational Creditor under IBC 2016 – NCLAT

administrator March 23, 2019 bankruptcy, NCLAT
Income Tax/Sales Tax Department and local authority are Operational Creditor under Insolvency and Bankruptcy Code, 2016 – NCLAT ABCAUS Case Law Citation: ABCAUS 2838 (2019) (03) IBBI Important Case Laws Cited/relied upon by the parties Central Bank of India vs. State of Kerala & Ors.─ (2009) 4 SCC …
Seizure of goods

Transporters can be proceeded against under UPGST Act despite not seller/purchaser of goods

administrator March 22, 2019 GST, High Courts
Transporters/Trucks owners can be proceeded against under UPGST Act despite not doing business in respect of sale/ purchase of goods – High Court ABCAUS Case Law Citation: ABCAUS 2837 (2019) (03) HC In the instant case, the petitioners were the Truck owners who challenged the individual notices issued …
Rate of Exchange

Rate of Exchange of conversion of Foreign Currencies from 21.03.2019

administrator March 22, 2019 Finance Ministry
Rate of Exchange notified for conversion of the Foreign Currencies into Indian currency or vice versa with effect from 21st March, 2019 In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board …
incriminating material

The “Yeddy Diaries” entries prima-facie of doubtful nature-CBDT refutes media report

administrator March 22, 2019 Income Tax
The “Yeddy Diaries” entries prima-facie of doubtful nature- CBDT refutes media report The Congress today demanded an investigation after a report was published in news magazine “The Caravan” alleging payoffs by former Karnataka Chief Minister BS Yeddyurappa to BJP’s national leaders, its central committee, and judges and advocates”. …
export import

IGST/Compensation Cess exemption under Export promotion Schemes extended upto 31.03.2020

administrator March 22, 2019 GST
Extension of IGST/Compensation Cess exemption under Advance Authorisation, EPCG & EOU scheme upto 31.03.2020. Amendments to FTP 2015-2020 MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION No. 57 /2015-2020 New Delhi, the 20th March, 2019 Subject: Amendments to Foreign Trade Policy 2015-2020 …

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