News Update

Monetary limits - CBDT amends Circular to 'fight it out'For rains-ravaged Kerala 'relief' calls pour in; Customs explains proceduresMultiple personality Order - Implications and way forward!Customs Brokers and their woesST - Respondent cannot take shelter under a faulty software programme when they themselves handled system - Penalty u/s 78 of FA, 1994 wrongly set aside by CESTAT: High CourtBudget Allocation of Rs 2875 Cr - CBIC not happy with trend of spending less!I-T - Once trademark acquired is used for selling products, its eligibility for depreciation cannot be questioned, simply because trademark is not put to use for manufacturing activities: HCRecasting base year for GDP - Govt mulling over various alternativesFlood-battered Kerala - Cabinet Secretary-headed NCMC calls for shifting focus on supplies of food, water, medicines, power, fuel and telecom servicesIndia successfully test-fires 'Helina', copter-based anti-tank guided missile + also test-fires guided bombs smart anti-airfield weapon systemGovt yet to firm up mind for back-casting of GDP series; Various alternatives under considerationMulti-modal transport - TIR Convention comes into forceJalandhar CGST Commissionerate is first to become e-OfficeAadhaar Regulator to launch phased introduction of face recognition features from Sept 15Walmart wraps up Flipkart acquisition formalities; Current management to run operationsFormer UN Chief Kofi Annan passes away at 80DRI, Police & para-military forces seize 78 drums of ganja, heroin & tabletsKerala CM says worst flood in 100 years; PM announces Rs 500 Cr immediate reliefWorld Humanitarian Day - UN urges global leaders to protect people caught in conflictST - Tribunal has relied upon speech of Finance Minister for holding that assessee was not liable to pay tax without discussing relevant provisions of law/notifications - Matter remanded: HCAdvance Ruling - a nightmare for taxpayers?I-T - Exemption u/s 10(23C)(iv) can be claimed only to the extent of actual income and not for accumulated income: ITATSection 197 Certificate - CBDT proposes to amend Rules to make it electronicImport of Pet Coke allowed for only cement, lime kiln, calcium carbide and gasification Industries, when used as feed stock/manufacturing process on Actual User ConditionCBDT puts in abeyance controversial clauses relating to GAAR & GSTEvery 1% growth in mining industry soars up industrial production index by 1.5%, says FICCIRailways launches 'Digital Screens' at 22 Stations
 
Cabinet approves mechanism to resolve inter-CPSE disputes

BY TIOL News Service

NEW DELHI, MAY 16, 2018: THE Union Cabinet today approved recommendations given by the Committee of Secretaries, to strengthen the existing mechanism for resolution of commercial disputes involving Central Public Sector Enterprises (CPSEs) as well as involving other departments and organizations within the Government. Such approval would lead to the putting in place of an institutionalized mechanism within the Government for speedy resolution of commercial disputes of CPSEs without the matter being referred to the Courts of law.

The measures include putting in place a two-tier mechanism, replacing the existing Permanent Machinery of Arbitration (PMA) mechanism to resolve commercial disputes (excluding disputes concerning the Railways, Income Tax, Custom & Excise Departments) between CPSEs inter se and CPSEs and Government Departments & Organizations, outside the Courts of law. At the First level (tier), such commercial disputes would be referred to a Committee comprising of Secretaries of the administrative Ministries or Departments to which the disputing CPSEs or Parties belong and Secretary-Deptt. of Legal Affairs. The Financial Advisors (FAs) of the two concerned administrative Ministries or Departments would represent the issues related to the dispute in question before the above Committee. In case the two disputing parties belong to the same Ministry or Department, the Committee would comprise Secretary of the administrative Ministry or Department concerned, Secretary-D/o Legal Affairs and Secretary-Department of Public Enterprises. In such a case, the matter may be represented before the Committee by the FA and one Joint Secretary of that Ministry/Department.

Further, in case of a dispute between CPSE and State Government's Department or Organization, the Committee would be comprised the Secretary of the Ministry/Department of the Union to which the CPSE belongs and Secretary-D/o Legal Affairs and a senior officer nominated by the Chief Secretary of the State concerned. In such a case, the matter may be represented before the Committee by concerned Principal Secretary of the State Government's Department or Organization.

Besides, at the Second level (tier), in case the dispute remains unresolved, even after consideration by the above Committee, the same would be referred to the Cabinet Secretary, whose decision will be final and binding on all concerned. For the prompt disposal of disputes, a time schedule of 3 months at the first level has been prescribed. The Department of Public Enterprises (DPE) will issue guidelines immediately to all CPSEs through their administrative Ministries/Departments and State Governments & UTs for compliance. The new mechanism would promote equity through mutual/collective efforts to resolve commercial disputes thereby reducing the number of litigations regarding commercial disputes in Court of Law and also avoid wastage of public money.


POST YOUR COMMENTS
   

TIOL Tube Latest

Legal Wrangle | GST | Episode 80

What's New

CGST Rule Notification
CGST Rate Notification
CGST Circular
IGST Rate Notification
UTGST Rate Notification
Cess Rate Notification
Income Tax Notification
Income Tax Circular
CBDT Order - IT Return  
Customs Tariff Notification
Customs NT Notification
Customs Circular
Anti Dumping Notification
Excise - Instruction  
Service Tax Circular
DGFT Notification
DGFT Public Notice
DGFT Circular
RBI Circular

TAXATION & WILDLIFE



wso shell wso shell Indoxploit Shell wso shell hacklink hacklink satışı hacklink deface mirror hacklink satış wso shell