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Updates Of the Day...

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Updates Of the Day
1.Penalties u/s 114 of Customs Act could be invoked for Export made u/s 113. [COC vs Kamalabhai, Madras High Court]
2.RBI has made the changes in the valuation guidelines of jewellery where advance against pledge of gold ornaments / jewellery is extended by the cooperative banks.
3.Supreme Court struck down National Judicial Appointments Commission Act that was brought in to replace the collegium system for appointing judges in the higher judiciary.
4.Relief under service tax cannot be granted if assessee does not comply with provisions of VCES, 2013. [Bombay High Court: Sunil Agnihotri Productions vs. UOI]
5.Services provided by a ‘Common Effluent Treatment Plant Operator’ for treatment of effluent is exempt from service tax. Vide Notification No. 6/2015-ST.
6.E-biz launches composite application form for PAN, TAN, DIN and Company Incorporation.
7.It is better to be unique than the best. Because being the best makes us the number one but being unique makes us the only one.
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