The draft India–UK Free Trade Agreement (FTA) has introduced a first-of-its-kind “coequal” rule under product-specific origin norms.This move is aimed at offering producers greater flexibility while ensuring stricter checks against misuse of tariff concessions, ET reported citing people familiar with the matter.Under this provision, producers can qualify for FTA benefits by meeting any one of […]
Tax experts and industry representatives on Monday raised concerns over the widespread issuance of GST audit scrutiny notices under Section 74(A), meant for fraudulent practices, during a GST conclave jointly organised by the Central GST (CGST) Ahmedabad Zone and the Gujarat Chamber of Commerce and Industry (GCCI). The experts pointed out that such notices should […]
India raised concerns about the IMF’s assessment of Pakistan’s prolonged use of its resources. (AI image) India-Pakistan tensions: India on Friday raised concerns over IMF bailout packages and programs for Pakistan at the International Monetary Fund’s Executive Board meeting. “Pakistan has been a prolonged borrower from the IMF, with a very poor track record of […]
The report also said that the Ministry has already issued a SoP to all States with clear guidelines regarding deletion and restoration of job cards. | Photo Credit: MOORTHY G Stressing that genuine beneficiaries under the Mahatma Gandhi National Rural Employment Guarantee (MNREGA) Scheme are not excluded while preventing misuse of job cards, the Standing […]
Even as the civil aviation regulator, DGCA, has called for a meeting with domestic passenger carriers on the issue regarding wheelchair availability, industry insiders told businessline that the service is being ‘grossly misused by some passengers.’ At present, wheelchair facilities are provided from the ‘Kerbside to Cabin’ and from the ‘Kerbside to Stairs or Ramp,’ […]
Complaining that there has been a massive influx of refined soyabean oil and palm oil from Nepal to India, flouting Rules of Origin, the Solvent Extractors’ Association of India (SEA) has requested the Government to regulate the inflow of edible oils from Nepal and other SAARC countries. In letters addressed to the Prime Minister and […]
Lupin Limited has received an Order-in-Appeal from the West Bengal GST Appeal Authority imposing a penalty of ₹ 2,28,94,783/- under applicable provisions of the CGST Act, 2017, SGST Act, 2017, and IGST Act, 2017, according to the Company’s exchange filing. Commissioner, CGST & CX, Appeals-II, Kolkata imposed a penalty on the contention of wrongful availment […]
