SIGN IN SUBSCRIBE

News Update

Cus - When there is nothing on record to show that appellant had connived with other three persons to import AA batteries under the guise of declaring goods as Calcium Carbonate, penalty imposed on appellant are set aside: HCCongress fields Rahul Gandhi from Rae Bareli and Kishori Lal Sharma from AmethiCus - The penalty imposed on assessee was set aside by Tribunal against which revenue is in appeal is far below the threshold limit fixed under Notification issued by CBDT, thus on the ground of monetary policy, revenue cannot proceed with this appeal: HCGST -Since both the SCNs and orders pertain to same tax period raising identical demand by two different officers of same jurisdiction, proceedings on SCNs are clubbed and shall be re-adjudicated by one proper officer: HCFormer Jharkhand HC Chief Justice, Justice Sanjaya Kumar Mishra appointed as President of GST TribunalSale of building constructed on leasehold land - GST implicationI-T - If assessee is not charging VAT paid on purchase of goods & services to its P&L account i.e., not claiming it as expenditure, there is no requirement to treat refund of such VAT as income: ITATBengal Governor restricts entry of State FM and local police into Raj BhawanI-T - Interest received u/s 28 of Land Acquisition Act 1894 awarded by Court is capital receipt being integral part of enhanced compensation and is exempt u/s 10(37): ITATCops flatten camps of protesting students at Columbia UnivI-T - No additions are permitted on account of bogus purchases, if evidence submitted on purchase going into export and further details provided of sellers remaining uncontroverted: ITATTurkey stops all trades with Israel over GazaI-T- Provisions of Section 56(2)(vii)(a) cannot be invoked, where a necessary condition of the money received without consideration by assessee, has not been fulfilled: ITATGirl students advised by Pak college to keep away from political eventsI-T- As per settled position in law, cooperative housing society can claim deduction u/s 80P, if interest is earned on deposit of own funds in nationalised banks: ITATApple reports lower revenue despite good start of the yearI-T- Since difference in valuation is minor, considering specific exclusion provision benefit is granted to assessee : ITATHome-grown tech of thermal camera transferred to IndustryI-T - Presumption u/s 292C would apply only to person proceeded u/s 153A and not for assessee u/s 153C: ITATECI asks parties to cease registering voters for beneficiary-oriented schemes under guise of surveys
 
Cruise Shipping Policy gives major boost to Cruise Tourism

By TIOL News Service

NEW DELHI, JULY 26, 2015: THE implementation of Cruise Shipping Policy has resulted in the growth of the cruise shipping sector in the country. The Government has taken the following steps to promote cruise and coastal tourism in the country:

(i) Ministry of Tourism under its Scheme for Assistance to Central Agencies extends financial assistance to the Ports and Lighthouses for development of cruise related Tourism Infrastructure. The Assistance is extended for smooth operation of cruise liners that call on Indian Ports and also for up-gradation of existing cruise passenger terminals. 

(ii) Ministry of Tourism has identified theme based circuits under recently launched Swadesh Darshan Scheme to promote tourism in the country.   One of the circuits identified is “Coastal Circuit” for development of coastal tourism infrastructure in the country, which will result in development of cruise tourism.

(iii) To promote lighthouses as unique tourism destinations, some lighthouses have been identified for development by Ministry of Shipping. Out of these, two projects at Chennai and Mahabalipuram have been completed.

(iv) Foreign flag vessels carrying passengers have been allowed to call at Indian ports for a period of 10 years with effect from 6 th February, 2009 without obtaining a licence from Director General of Shipping.       

The details of the cruise ships handled in Indian Major Ports is as under:

Port

2012-2013

2013-2014

2014-2015

Chennai Port

5

3

6

Mumbai Port

41

37

47

Marmugoa Port

23

18

26

Cochin Port

41

34

40


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST