Daily Archives: December 17, 2015

No attachment of bank account when stay application is pending before first appellate authority

By | December 17, 2015

Issue  The petitioner preferred an appeal together with the stay application before the Deputy Commissioner of Commercial Tax (Appeals) under section 73 of the Act on 6.7.2015, well within the period of limitation. However, during the pendency of the hearing of the stay application and the appeal, the fourth respondent issued attachment orders dated 21.7.2015,… Read More »

Initiatives by Govt of India for promoting Public Private Partnerships (PPPs)

By | December 17, 2015

Initiatives by Government of India for promoting PPPs: Government of India (GoI) has been placing strong emphasis on the use of Public Private Partnerships (PPPs) as a strategy for expanding the provision of infrastructure services. Several initiatives have been taken to create an enabling framework for PPPs: Ø  The appraisal mechanism for the PPP projects… Read More »

Govt Approve Model Text for Indian Bilateral Investment Treaty

By | December 17, 2015

Model Text for the Indian Bilateral Investment Treaty The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the revised Model Text for the Indian Bilateral Investment Treaty. The revised Indian model text for Bilateral Investment Treaty (BIT) will replace the existing Indian Model BIT.  The revised model BIT… Read More »

CBEC notify Fireworks under Section 110 (1A) of Customs Act, 1962

By | December 17, 2015

Notifying Fireworks under Section 110 (1A)  of Customs Act, 1962 [TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART-II, SECTION 3 SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  Notification No. 143/2015- Customs (N.T.)  New Delhi, the 15th December, 2015              G.S.R. ………….(E). – In exercise of the powers conferred by sub-section (1A) of section… Read More »

Govt increased Excise Duty rates on Petrol and Diesel

By | December 17, 2015

Seeks to further amend notification No 12/2012-Central Excise dated 17.03.2012 so as to increase  Excise Duty rates on Petrol and Diesel (both unbranded and branded) [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  Notification No. 46/2015-Central Excise New Delhi,… Read More »