News Update

Violence in Delhi - HM asks all parties to rise above party linesEESL completes a decade of helping India become energy efficientCBIC hikes tariff value for Gold5 SC judges catch H1N1 flu; Govt scrambles to take preventive stepsGST - Anti-Profiteering - Sanitary Napkins - Order of NAA stayed: HCCX - assessee is eligible to avail Cenvat Credit on group medical insurance policy taken for employees: CESTATCus - Where limitation period for converting drawback shipping bills into DFIA bills is not provided in Customs Act, same cannot be fixed through a Circular - time limit fixed by Circular is only procedural & lacks authority of statutory provision: CESTATST - Consideration is essential pre-requisite for rendering any service - no tax leviable if such element is missing & if business is conducted on principal-to-principal basis: CESTATCharges of concealment of particulars of income or furnishing inaccurate particulars thereof, are not sustainable, if additional income declared by assessee in returns is accepted by AO: ITATDisallowance made u/s 14A r/w Rule 8D is not tenable if quantum of interest-free funds exceed that of investments made: ITATNo enduring benefit arises from raising finances to fund a specialised job - cost incurred thereto is not capital expenditure: ITATACC issues appointment order of 17 Joint Secretaries, including an IRS officerCBDT lists 20 most contended issues - Govt to move SC to club all pending cases and dispose them, says Revenue SecretaryComputing profits from life insurance business, when computed u/s 44 r/w I-T Rules, do not entail an embargo on conducting scrutiny assessment: HCST - RTO charges and extra charges related thereto does not fall under BSS: CESTATChange in accounting method, resulting in disallowance of indirect expenses incurred, is not tantamount to concealing particulars of income - no penalty imposable: HCCX - Statutory return not designed to capture the particular grade/specification of material required for manufacture - For manufacture of automobile axle, 6 mm size of H.R. coil required, however, credit taken on other than 6mm and is rightly denied: CESTATUn-utilised amount received as grant from Government, cannot ipso facto be treated as income of the recipient of such amount: HCCX - Data retrieved from computer hard drive cannot be relied upon as evidence where computer was used by multiple persons & if no certificate u/s 36B of CEA is furnished in its support: CESTATRe-opening of assessment is invalidated if based on material already on record during original assessment proceedings & is tantamount to change of opinion: ITATST - Circular dated 18.05.2017 clarifies that turnover/transaction charges are to be included in gross value when computing service tax liability - penalties imposed are upheld if assessee collects an amount representing service tax, but does not deposit same: CESTATOyo, MakeMyTrip invite CCI eyeballs; Probe orderedFATF puts Mauritius on Grey List, triggers panic among FDI carriersPradhan invites investments, Technology Transfer into Indian Steel SectorShooters can now keep more firearms and ammunitionGST - Anti-Profiteering - Petitions challenging constitutional validity of s.171 of the CGST Act r/w rule 126 of CGST Rules and pending before Bombay HC, P&H HC transferred to Delhi HC (where 20 petitions are pending on subject matter) in the interest of uniform and consistent view on law: SCVseV Scheme - CBDT fixes 100% of disputed tax demand cases as target for officersACC appoints Rohit Yadav, JS, Ministry of Steel, as new JS in PMOTrump praises people of India for upholding democratic values; 1.25 lakh people welcome him at Ahmedabad stadiumCoronaVirus - Death toll soars to about 2600 in China; No of infected cases goes up to 77KGST - An agenda for reforms - Part - 74 -Anti-profiteering - Complaint sans statutory basis
 
India, Germany to increase collaboration in Industry 4.0 & cyber security

 

By TIOL News Service

NEW DELHI, JAN 20, 2020: THE seventh annual meeting of the Indo-German Working Group on Quality Infrastructure took place on January 16-17, 2020 in New Delhi with around 80 participants. Germany and India established the Working Group in 2013 to strengthen their economic and technical cooperation, reduce technical barriers to trade, and increase product safety. The German Federal Ministry for Economic Affairs & Energy (BMWi) and the Indian Ministry of Consumer Affairs, Food and Public Distribution in collaboration with other Ministries are working closely together on standardisation, accreditation and conformity assessment, metrology, product safety and market surveillance.

The Director General of the German Federal Ministry for Economic Affairs and Energy, Mr Stefan Schnorr, stated that quality infrastructure is the language of international trade. With a growing relevance of technical regulations – such as mandatory standards – our exchange on regulatory approaches and compliance procedures eases doing business and boosts trade. He welcomed the signing of the Work Plan 2020. The parties agreed to intensify the cooperation on standards, technical regulation, certification, and market surveillance in key economic areas such as machinery safety, automotive, electric mobility and cybersecurity. A mutual understanding of requirements for safe and secure products helps to protect the citizens in both countries. The Indo-German discussion paper on the cybersecurity of Internet of Things (IoT) devices was touted as a good example for successful cooperation.

Secretary, Consumer Affairs, Mr Avinash K. Srivastava stated that Germany is a trusted and important partner for India. It is encouraging to see the intense technical cooperation that happens in our bilateral Working Group. He expressed gladness at the deepening cooperation in areas such as cybersecurity, market surveillance, Industry 4.0, and legal metrology. This year, focus would be put on strengthening the dialogue on technical regulation, exchange on regulations of medical devices, and exploring twinning arrangements at ISO and IEC level.

This year's annual meeting was attended by a German delegation of the Federal Ministry for Economic Affairs and Energy (BMWi) headed by Director General Mr Stefan Schnorr, representatives from the German Institute for Standardization (DIN), the German Commission for Electrical, Electronic & Information Technologies (DKE), the National Metrology Institute of Germany (PTB), and representatives from German companies and industry associations such as VDMA and VDA. The Indian delegation included representatives from the Ministry of Consumer Affairs, Food and Public Distribution, the Ministry of Electronics and Information Technology, the Ministry of Heavy Industries and Public Enterprises, the Bureau of Indian Standards (BIS) as well as the Confederation of Indian Industry (CII).

The dialogues on Quality Infrastructure take place within the framework of the Global Project Quality Infrastructure (GPQI), within which BMWi engages in political and technical dialogues with strategic trading partners. GIZ – the German Agency for International Cooperation – supports the implementation of the project on behalf of BMWi.


POST YOUR COMMENTS