News Update

I-T - High Court need not delve into merits of issue involving transfer pricing adjustment due to factual nature of such exercise: HCOmicron hop-scotches to 50 countries; detected in 16 States in US + Germany warns against travel over winter holidaysI-T - Where complainant is a public servant, period of limitation for filling application against acquittal order is six months and in every other case it is 60 days u/s 378(5) of the Cr. P.C : HCCOVID-19: India reports 2800 deaths with 9000 fresh cases on SundayI-T- Re-issuance of notice already issued by AO having jurisdiction u/s 143(2) and now subsequently transferred to another AO is not required :ITATBiden’s new tax deduction proposal to cost USD 275 bn revenue in next 5 yrsI-T- When AO completed assessment u/s 143(3) making certain addition in respect of unexplained investment he can't reopen the assessment for enhancement of addition merely on basis of report of DVO : ITATOmicron - Initial inputs on severity are quite ‘encouraging’, says Dr Anthony FauciI-T- Revisional proceedings are not rightly held as cash receipts on account of sales cannot be doubted if the assessee has sufficient stock : ITATKarnataka makes both does of vaccine mandatory for visiting malls & cinema hallsGST - 'Baby wipes' are correctly classifiable under heading 3307 and attract GST @18%: AAROmicron may wreck economic recovery ship: IMF ChiefGST - Tax credit of GST paid on leasing of land is not available: AARKerala issues gag order for medical officers interacting with media; formal nod to be obtainedGST - Healthcare service (diamond plan) provided for 20 years for patient and his family members upon payment of lump-sum amount of Rs.10 lakhs is exempted: AARCOVID-19 related restrictions: Protesters pelt stones & firecrackers at police; Earn teargas & water cannons in return in BrusselsGST - Aorom Herbal Smokes are not 'medicaments'' [HSN 3004] but Cigarettes of Tobacco substitutes, classifiable under HSN 2402 9010 and attract GST @28% and Compensation Cess of Rs.4006/- per thousand: AARPortuguese Govt dissolves Parliament; Polls on Jan 30ST - The Tribunal is not empowered to entertain the appeal filed against grant of refund/rebate of Swachh Bharat Cess (SBC) and Krishi Kalyan Cess (KKC) amount: CESTAT
Contamination detected by EU - Govt says India exports strictly non-GMO rice

By TIOL News Service

NEW DELHI, OCT 21, 2021: GOVT yesterday clarified that there is no commercial variety of GM rice in India. In fact, the commercial GM cultivation of rice is banned in India. There is no question of export of GM rice from India. A particular incident which is reported through Rapid Alert by EU, the GMO contamination is suspected to have been found in the rice flour which was processed in EU and they themselves are not sure of the exact source of contaminant. The broken white rice exported from India which is allegedly one of the possibilities has passed through many hands before reaching to the actual processors in EU.

There is always a possibility of mixing or cross contamination at every stage. The exporter however, has confirmed that the rice exported was non-GMO and there is hardly any possibility of cross contamination even during inland transit as the final sample was drawn at the port of loading by an independent inspection agency having the International recognition who after due to testing and verification issued Non GMO certificate before shipment. The cross contamination if any, could be possible while processing of the broken rice into final products.

Since, there is no commercial variety of GM in India, proper testing was also done before shipment of the consignment. The possibility of GMO contamination due to white rice exported by India is not possible.

India is exporting strictly non-GMO rice to World.

As reported in the same news item this could be the conspiracy to malign the image of India as a reliable suppliers of quality rice to the world. The experts in India both from Genetic Engineering Appraisal Committee (GEAC) and Agricultural experts from IARI and other rice experts in India are however, investigating the matter but re-confirming that commercial GM variety of rice is not grown in India.