News Update

GST - Profiteering - While the petitioner wants to pay, the State CWFs are neither operational nor functional - Strange : HCJoe Biden promises Commission to recommend changes to Supreme CourtGST - Anti-Profiteering - Directions of NAA to undertake further investigation with regard to other projects, notice and summons issued by respondent stayed: HCBihar Polls - BJP manifesto promises 19 lakh jobs + free-vaccination for COVID-19 + lentils under MSPCus - Notification prohibiting export was uploaded digitally on 14.09.2020 at 22:28:11 hours - Export of onions in respect of shipping bills which were presented and generated prior to this date/time shall be allowed: HCBihar CM Sushil Modi tests positive for CoronavirusCus - When the Court is in session of a matter, an administrative or executive authority cannot start parallel proceeding on very same subject matter at its own ipse dixit and record finding: HCSutherland 'take two' and the Transition of Cess (See 'TOG Insight' in Taxongo.com)Govt to go for graded relaxation in visa and travel restrictionsTax Returns & Politicians - They necessarily make quaint & strange bedfellows!Amendment to Rule 142(1A) is anti-taxpayerCBIC grants Customs & Excise duty exemption to goods imported against duty credit scrip under RoSLVAT - Orders directing recovery of duty from an assessee are unsustainable, where they are non speaking orders & contravene the principles of natural justice: HCCus - CBLR - It is established principle of law that mere facilitation without knowledge of consequences, would not amount to abetting an offence: CESTATIFSCA prescribes regulatory framework for REITs and InvITs in IFSCCX - Only for reason that M/s Vedanta paid duty amount much prior to issue of SCN & without contesting went for settlement, no adverse inference can be drawn so as to deny CENVAT availed by their consignee on supplementary invoices: CESTATGlobal trade to shrink by 9%, says UNCTADST - Insurance service provided to banks by Deposit Insurance Corporation, qualifies as input service - CENVAT credit can be availed of service tax paid by banks for such service provided to them in course of rendering output services: CESTATPM to meet global fund houses to woo FDI inflowsCus - SCN has tripped upon itself in its haste to carry the impugned goods beyond the scope of eligibility of the exemption notification: CESTATSearch assessment order passed u/s 153A is unsustainable where no material incriminating the assessee is found in course of search proceedings: ITATMaharashtra Govt revokes standing approval granted to CBI to enter State for probesClub expenses incurred by assessee cannot be allowed as business expenses, where they are found to have been incurred for personal use: ITATECI sets up panel to examine issues concerning expenditure limitsProviso to section 36(1)(iii) mandates capitalization of interest only in respect of capital assets purchased out of borrowed funds: ITATLimitation period of six months for deciding the application for registartion u/s 12AA is applicable to remanded matters: ITATIncome tax raids two govt contractors; detects bogus claimsPure consultancy services (without supply of goods) provided to private individuals is taxable @18%: AARProliferate Litigation as much as you can
 
Govt amends Public Procurement Order for higher local content

By TIOL News Service

NEW DELHI, SEPT 19, 2020: THE Government of India has amended the Public Procurement (Preference to Make in India) Order, 2017 on 16.09.2020, enabling nodal Ministries/Departments to notify higher minimum local content requirement for Class-I & Class-II local suppliers which was earlier fixed at 50% and 20% respectively.

As per the Order, entities of countries which do not allow Indian companies to participate in their Government procurement for any item, shall not be allowed to participate in Government procurement in India for all items related to that nodal Ministry/Department, except for the list of items published by the Ministry/Department permitting their participation.

Specifying foreign certifications/ unreasonable technical specifications/brands/models in the bid document is restrictive and discriminatory practice against local suppliers. Foreign certification, if required, shall be stipulated only with the approval of Secretary of the Department concerned.

All administrative Ministries/Departments whose procurement exceeds Rs. 1000 Crore per annum shall notify their procurement projections for the next 5 years on their respective website.

An upper threshold value of procurement beyond which foreign companies shall enter into a joint venture with an Indian company to participate in government tenders shall be notified.

 


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