News Update

ST - Assessee ought not to have invoked Writ Jurisdiction straightway against the Assessment Order adjudicating the issue, which involves mixed questions of facts and law: HCWHO eyeing only 500 mn COVID-19 vaccine dose in Q1 of 2021Cus - Multiplying litigation by availing remedies in different forums is a deliberate effort on the part of the petitioner to abuse the process of law: HCSony to wind up Malaysian plant to consolidate businessCus - Department cannot be permitted to be a voluntary litigant in the Constitutional Courts especially to challenge orders of Single Judge without any valid rhyme or reason: HCRegulation Of Ott Platforms (See 'Corp Einsicht')Govt issues guidelines on advertising of online gaming & fantasy sportsCBDT issues posting order on promotion for five CCITsFour CCITs transferred to RFAC + Addl charge order for five CCITsAll states choose Option-1 to meet GST compensation shortfallCBDT issues fresh clarifications on provisions of Vivad se Vishwas SchemeGovt urges state food commissions to give special attention to vulnerable sectionIt is fit case for remand for reconsideration of additional evidence, where assessee is unable to furnish the same before the AO, due to the assessee's accounting staff having left it's employment: ITATRahul Navin, IRS officer of 1993 batch, appointed as Special Director in EDCOVID vaccine will be available in coming few weeks: PM ModiIncome arising from export cannot be divested from the export business of the undertaking for the purposes of Section 10A/10B: ITATCus - Confusion between numbers corresponding to claimed entry & eligible entry in respect of imported goods, cannot be construed as mis-declaration - declaration of tariff items & description of goods disprove charges of mis-declaration: CESTATGoyal stresses on need for standardization, quality monitoring of AYUSH productsStampede for vaccines - UN Chief cautions against 2021 turning into a mega disasterGovt may agree to tone down certain provisions of Agri ActsCanadian PM expresses concern over farmers’ stir in Delhi; India summons Ambassador to protestUS plans second economic stimulus; Talks gain momentumHyderabad local elections - BJP makes big gains even as TRS leads tallyRBI to make RTGS 24x7 service very soonSitharaman inaugurates Founding Day of DRILakshadweep Administrator Dineshwar Sharma passes awayCentre issues guidelines for feeder-level solarisation under PM-KUSUM SchemeST - SVLDRS, 2019 - Depriving the petitioner for the fault of the Department would be unfair and unreasonable: HCST demand communicated in May 2019 revised from 82 crores to 5 crores in December, 2019 - revised figure should relate back to the original quantification - SVLDRS-1 cannot be rejected on ground that liability was not quantified before 30 June 2019: HCCus - s.110 - It cannot be that seizure is made by one officer and the 'reasons to believe' are recorded by another officer: HCNDPS - Ganja recovered is between small quantity and commercial quantity - since appellant has already undergone six years RI out of the maximum punishment of 10 years, appeal allowed in part: SC LBPanel discussion on trade-based money laundering to mark DRI's Birthday todayST - VCES, 2013 - interest should have been computed on unpaid dues and not on declared amount: HCSolapur teacher bags USD one million global prize for promoting girls’ educationCGST - Tribunal not yet constituted, hence no precipitative action to be taken by respondent: HCCus - High Court need not entertain petition challenging O-i-O which was not appealed against before the Commr.(A), within the maximum limitation period: HCCX - Refund of duty claimed u/s 11B of CEA 1944 can be rejected only upon being ineligible as per statutory provisions - refund claimed prematurely is no grounds for rejection: CESTATSTIP 2020 can help India become future-ready to face situations like COVID-19
Steps being taken to moderate prices of pulses, onions & potato: Goyal

By TIOL News Service

NEW DELHI, OCT 31, 2020: FOOD Corporation of India and state agencies are all set to procure a record quantity of 742 LMT paddy during the ongoing Kharif crop season as against 627 LMT paddy last year. The number of purchase centres for Kharif 2020-21 have also been increased from 30,709 to 39,122. Stating this at a media interaction, Mr Piyush Goyal, Minister of Consumer Affairs, Food and Public distribution also said that the procurement season had been advanced to 26/09/2020 in view of the early arrival of paddy in the market.

The minister also spoke about the proactive steps to ensure affordable onions. The steps taken to moderate crisis are-

Proactive ban on onion export is imposed from 14/09/2020. DGFT  is facilitating import by private players. The Essential Commodities Act is invoked for onion stock limit of 25MT for wholesaler and 2MT for retailer, w.e.f. 23/10/2020. The Export of onion seeds is prohibited from 2020 and the disposal of onion from buffer stock is being done in order to provide relief to the people in view of the soaring onion prices.

Mr Piyush Goyal also said that the government is ensuring that steps are being taken to moderate potato prices. The import duty on potato was earlier 30%. Now, quota of 10 LMT @10% duty for import of potato till 31/01/2021 is notified.

Similarly, Steps have been taken to moderate the prices of pulses. There has been retail intervention in three pulses, viz. Moong, Urad and Tur Dal by supplying pulses from buffer stocks to States/UTs. 2 LMT of Tur from the buffer stock is to be disposed through open market sale in the next 15 Days.