SIGN IN SUBSCRIBE

News Update

GST - Tax demand and penalty were confirmed entirely on the basis of the statement recorded on 26.09.2022 and by disregarding the reply filed and documents annexed thereto - Orders unsustainable, matter remanded: HCGST - Refund - Proper officers have to comply with the provisions of s.54(7) - Claim to be processed within two weeks: HCGST - Since the only reason for passing impugned order is that petitioner had not filed any reply, one opportunity needs to be granted - Matter remitted: HCChina faces acute revenue crunch! Will it reform clunky fiscal system?Arunachal cops bust sex racket; 21 including govt employees arrestedI-T- Not providing cross-examination of maker of the statement on which AO relies upon to take adverse view against an assessee is a serious flaw which render the action of AO a nullity : ITATMajor road accidents: 8 killed in MP & 6 in OdishaI-T- 84-day delay in filing appeal before CIT(A) is condonable, where caused due to assessee's ill health; matter remanded for reconsideration: ITATNSSO reveals joblessness on decline in urban IndiaBharat Pavilion at Cannes Film Festival inauguratedAs protests turn violent, France declares state of emergency in CaledoniaI-T- Amount of enhancement is deemed to be income of previous year in which it is received for purposes of 'enhanced compensation' taxable as capital gain: ITATLawrence Wong assumes office as Singapore’s new PMDoT receives overwhelming response to its Sangam Initiative: 144 participants selectedPutin seeks greater support for war efforts in BeijingI-T- DDT liability is distinct and separate from the liability to pay income-tax on the total income of an assessee : ITATGST - SC tells UoI - Not necessary to make arrest in every caseFirst set of citizenship certificates after notification of CAA Rules, 2024 issuedAssassination attempt at Slovakia PM Fico; Serious injuries reportedCus - Without checking authenticity of certificate of origins, the same cannot be discarded & based on the same, benefit of exemption cannot be denied: CESTATFM says PM’s active monitoring behind infra sector turnaroundCBIC revises tariff value of edible oils, gold and silver6 burnt to death as bus catches fire after ramming into lorry in APCX - Since the appellant has fulfilled procedural requirement as mentioned in Clause 2(a) of Notfn 33/99-CE , refund applications filed by appellant cannot be rejected: CESTAT
 
Govt approves procurement of 26 defence items only from local suppliers

By TIOL News Service

NEW DELHI, MAY 21, 2020: GOVERNMENT has issued Public Procurement (Preference to "Make in India') Order 2017 vide Department of Industrial Policy and Promotion (DIPP) Notification No.P-45021/2/2017-B.E.-II dated 15.06.2017 (as amended on 29/05/2019) to encourage 'Make in India' and to promote manufacturing and production of goods and services in India.

Under this order, Department of Defence Production (DDP), Ministry of Defence has so far notified 127 items where purchase preference is given to local suppliers as per PPP-MII 2017. In order to further encourage procurement from local suppliers, 26 items out of 127 already notified, have now been notified under clause 3(a) of the Public Procurement (Preference to Make in India) Order 2017 and henceforth, procuring entities shall procure these items only from local suppliers, irrespective of purchase value, provided that the local suppliers meet the Minimum Local Content (MLC) as prescribed for each item.

List of items is as follows:

Sl. No.
Items
Minimum Local Content
Items used in Shipbuilding Industry
1. Helo Landing Grid 60%
2. Doors (Water tight & Weather tight) 60%
3. Gemini Inflatable Boat 60%
4. Oil Pumps 50%
5. Battery Loading Trolley 50%
6. Sacrificial Zinc Anode Flanges 50%
7. Fibre Glass Cloth –E Grade 50%
8. High temperature Gasket 50%
Other items used in defence manufacturing  Industry
9. 6mm to 100mm thickness Weldox Plate 50%
10. 6mm to 100mm thickness Hardox Plate 50%
11. Electric Motor (474175410130) 40%
12. Cable Assemblies (486872360154,486872400506, 487072020686,487072021268,487072130102) 40%
13. MASS -R118)( 455611150102) 40%
14. MODULATOR (212362440179) 40%
15. Dual Switched Amplifier (455610540360) 40%
  Belleville Springs No. 2A46M 109-55 50%
  Sealing Ring 008-012-25 GCF TM-589C 50%
  Sealing Ring 012-016-25 GCF TM-589C 50%
  Sealing Ring 030-038-46 GCF TM-589C 50%
  Sealing Ring 038-046-46 GCF TM-589C 50%
  Sealing Ring 046-048-46 GCF TM-589C 50%
  Sealing Ring 048-056-46 GCF TM-589C 50%
  Sealing Ring 060-070-58 GCF TM-589C 50%
  Sealing Ring 065-075-58 GCF TM-589C 50%
  Sealing Ring 085-095-58 GCF TM- 50%
  Sealing Ring 100-110-58 GCF TM-589C 50%

ABB/SS/Nampi/KA/DK/Savvy/ADA


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