News Update

From frying pan to fire? - Service of street lighting is classifiable under heading 9991 12 and attracts GST @18%: AAARPrinting is a service rendered by appellant to himself in order to execute the supply of trade advertising material - supply is of goods [SH 4911 10] attracting GST @12%: AAARRejection order on ROM application does not merge with the original advance ruling: AAARROM order passed by AAR is not appealable u/s 100 of the CGST Act, 2017: AAARRules transgress s.30 of the SEZ Act and also misread Customs ActHenna powder - classification under GST regimeAdditions framed u/s 69 on account of unexplained investment, are unsustainable if same is based on assumptions: HCGovt in tandem with EC hikes poll expenditure ceiling by from Rs 28 lakh to about Rs 31 lakhPenalty proceedings are invalidated where twin charges u/s 274 have both been struck off in the SCN issued to the assessee: ITATExpenses incurred on repairs cannot be treated as capital in nature, where such repair work was very essential: ITATRegistration u/s 12AA granted to assessee with effect from a new date is unwarranted, where assessee had only applied for a duplicate registration certificate: ITATCOVID-19 vaccination - Govt to use digital health card, says PMVAT - Assessment order based entirely on proposals made by Enforcement Wing & ISIC authorities, is unsustainable, where it does not involve independent application of mind by AO: HCIFSCA sets up framework for regulatory sandbox to tap into innovative FinTech solutionsCus - Application for early hearing merits being allowed where the applicant seeks release of live consignment of goods & where applicant is required to produce certificate from BIS Authority for release of goods: CESTATCX - Rebate of duty paid on exported goods - As per proviso to Section 35B(1), the Tribunal is not vested with jurisdiction to hear cases pertaining to rebate of duty: CESTATIndia, US to sign BEA military pactFuture will be shaped by societies that invest in science and innovation: PMST - Club & Association service - CENVAT credit is allowed where such service is used to obtain conference halls & cabins at short notice, for conducting business meetings & where such input service has direct nexus with assessee's output service: CESTATFM reviews CAPEX of CPSEsGovt writes to over 2800 corporates to clear MSME duesKCC Scheme - Sanctions with credit limit of Rs 1.35 lakh crore achievedGovt carrying out reforms in every sector of economy to prop up growth: PMIgnoring limitation proves costlyInverted duty structure - A Case study (See 'TOG Insight' in promotes four officers as Pr Commissioner of Customs & Central Excise + posts Sameer Pandey as DS in GST Council SecretariatIs penalty compulsorily attracted on late payment of GST?No mutation of COVID-19 detected in India: Health MinisterBSVI introduction a revolutionary step: Javadekar
WTO to conduct China & others trade policy reviews

By TIOL News Service

NEW DELHI, SEPT 09, 2020: FOUR WTO members - Zimbabwe, Thailand, Indonesia and Macao, China - will undergo reviews of their trade policies and practices before the end of the year. The Trade Policy Review Body (TPRB) chair, Ambassador Harald Aspelund of Iceland, announced an updated programme of reviews for the remainder of 2020, which had to be revised due to the COVID-19 pandemic and the lockdown measures implemented around the world.

The Trade Policy Review Body will also undertake before the end of the year the annual overview of developments in the international trading environment on the basis of the report by the Director-General. A TPRB meeting is planned for December 2020.

The communication sent to members on 18th August notes the review of Zimbabwe will be held on 30 September and 2 October; for Thailand, on 24 and 26 November; for Indonesia, on 9 and 11 December; and for Macao, China, on 15 and 17 December.

The WTO Secretariat continued its preparatory work for these reviews in collaboration with the respective delegations using all possible means of communication, including videoconferences. However, for some members due to undergo their reviews in 2020 it was not possible to make these arrangements in an efficient manner, and their reviews were therefore postponed to 2021.

The WTO Secretariat is working on the preparation of the programme of reviews for 2021 in close contact with the relevant delegations. More than 20 members are currently considered on the provisional list of reviews for next year, including those initially scheduled for 2020 and subsequently postponed. These include Argentina, Bahrain, China, India, the Kyrgyz Republic, Mauritius, Mongolia, Myanmar, Nicaragua, Oman, Qatar, the Republic of Korea, the Russian Federation, Saudi Arabia, Singapore, Tonga, the United States, and Viet Nam, as well as the joint reviews of the Central African Economic and Monetary Community (CEMAC) - Cameroon, Congo, Gabon, Central African Republic and Chad - and the Organization of Eastern Caribbean States (OECS) - Antigua & Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

A detailed programme with specific dates for 2021 will be announced by the TPRB chair in the coming weeks. In 2021, the TPRB will also meet twice to consider the Director-General's trade monitoring reports.