News Update

Cus - Subsequent to order under challenge, Customs Broker Licence of appellant has been revoked, appeal becomes infructuous: CESTATCus - Since the licence has ultimately been revoked, appeal directed against confirmation of suspension of Customs Broker licence, has been rendered infructuous: CESTATCus - Once verification of address is complete, if client moves to a new premises and does not inform authorities or does not get his documents amended, such act or omission of client cannot be held against Customs Broker: CESTATCus - Once verification of address is complete, if client moves to a new premises and does not inform authorities or does not get his documents amended, such act or omission of client cannot be held against Customs Broker: CESTATCus - Subsequent to order under challenge, Customs Broker Licence of appellant has been revoked, appeal becomes infructuous: CESTATCus - Subsequent to order under challenge, Customs Broker Licence of appellant has been revoked, appeal becomes infructuous: CESTATSuspension & Revocation of Customs Broker LicenseIranian President Ebrahim Raisi, foreign minister die in chopper crash in northwestern IranI-T - Escapement of income due to claim of deduction u/s 80-IB(10) was certainly a subject matter of appeal and admittedly so and on this income reassessment is not permissible : HCPatanjali staffers jailed after much-hyped ‘Soan Papdi’ fails food standardsFSSAI alerts Fruit Traders against use of Calcium Carbide in Fruit RipeningBlowback for Sunak mulling curbs on post-study visas for foreign studentsI-T - Additions framed u/s 68 on account of unexplained cash credit cannot be sustained where AO does not specify how such additions had been computed: ITATIranian President Raisi’s death confirmed in copter crashPoll-related seizures piling up close to Rs 9,000 croresI-T - Charitable organisation cannot be denied registration u/s 12AB solely on grounds that it is managed by one person, but where its activities are for the benefit of the entire society at large: ITATIndonesian volcano turns active; 7 villages evacuatedCitizens join big time with EC to check electoral malpracticesCongo Military claims it foiled serious bid of coup involving Americans and British menI-T - Material to be considered for invoking Search assessment should be seized in course of search u/s 132 of the Act on searched action or requisitioned u/s 132A: ITATNew Taiwanese President assumes office amid rising tensions from China889 candidates to contest elections in Phase 6I-T - Failure of AO in recording the satisfaction based on any material seized during the course of the search, vitiates search assessment proceeding: ITATECI seizures inches close to Rs 9000 Cr; 45% of seizures are drugsPMLA - If accused appears before Special Court pursuant to summons, he shall not be treated as if he is in custody and it is not necessary for him to apply for bail : SC (See 'TIOLCorplaws')Delhi logs 44.4 degrees temperature on SundayCus - Warehoused goods cleared for export & was bound for foreign-going vessel; Customs officers issued Let Export order; Department's allegation of goods being diverted not backed by evidence, hence unsustainable: CESTATAmnesty Scheme for exporters: Govt recovers Rs 852 CroreCustoms - CBIC prescribes undertaking from importers of lubrication oil for clearance of consignmentGas tanker blast in Pune; Hotels, houses guttedST - Dry Leasing - Agreement between assessee & party for leasing jet aircraft with possession solely at risk of lessee along with maintenance, is not Supply of Tangible Goods; transaction amounts to Deemed Sale under Article 366(29A) of Constitution & hence excluded from Service Tax levy: CESTATViolations of economic sanctions: Criminal penalties come into forceST - Commissionerate at Raipur lacks jurisdiction to issue SCN demanding tax for such service which was provided by assessee's unit in Delhi, where service in question is rendered outside jurisdiction of Raipur Commissionerate: CESTATBengaluru Customs nabs 4 pax with gold powder worth Rs 1.96 CroreST - No question of suppression of facts would arise where assessee regularly files returns & maintains proper books; extended limitation need not be invoked in these circumstances: CESTAT
 
International Convention Centre inaugurated; Delhi projected to be hub for conference tourism

By TIOL News Service

NEW DELHI, SEP 18, 2023: PRIME Minister, Narendra Modi, dedicated Phase 1 of India International Convention and Expo Centre - ‘Yashobhoomi' to the nation at Dwarka, New Delhi yesterday. He also launched ‘PM Vishwakarma Scheme' PM Vishwakarma logo, tagline and portal for traditional artisans and craftspeople on the occasion of Vishwakarma Jayanti.

Addressing the gathering, the Prime Minister acknowledged the contribution of the Shramiks and Vishwakarmas in the construction of the magnificent facility. “Today I dedicate 'Yashobhoomi' to every worker of the country, to every Vishwakarma”, he said. He told the Vishwakarmas linked with today's program that 'Yashobhoomi' is going to be a vibrant center connecting their creations with the world and global markets.

“The Viksit Bharat of today is crafting a new identity for itself in every sector”, the Prime Minister said referring to the Bharat Mandapam which had become a topic of discussion across the world and stated that Yashobhoomi furthered this tradition with greater magnificence. “The message from Yashobhoomi is loud and clear. Any event that takes place here will attain success and fame”, Shri Modi emphasized. He further added that Yashobhoomi will become a medium for showcasing the India of the future.

He said that in order to showcase India's grand economic prowess and commercial muscle, this is a worthy center in the capital of the country. It reflects, he continued, both multimodal connectivity and PM Gatishakti. He illustrated this by talking about the connectivity provided to the center by Metro and inauguration of Metro terminal today. He also highlighted that the ecosystem of Yashobhoomi will take care of the travel, connectivity, accommodation and tourism needs of the users.

The Prime Minister said that Conference tourism will also progress only where there are necessary resources for events, meetings, and exhibitions, hence Bharat Mandapam and Yashobhoomi Center are now going to make Delhi the biggest hub of conference tourism. Lakhs of youth are likely to get employment. In the future, “Yashobhoomi will become a place where people from countries all over the world will come for international conferences, meetings and exhibitions”, Shri Modi added.

The Prime Minister invited the stakeholders to Yashobhoomi. He said, “Today I invite people associated with the Exhibition and Event industry from countries around the world to come to Delhi. I will invite the Film Industry and TV Industry of every region of the country, East-West-North-South. You hold your award ceremonies, film festivals here, hold first film shows here. I invite people associated with International Event Companies, Exhibition Sector to join Bharat Mandapam and Yashobhoomi.”

In his welcome speech, Shri Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, said that the leadership provided by the Prime Minister in difficult times ensured that the G20 summit was taken to every nook and corner of the country and became a people's presidency. This event has been so successful that it has been called as “Modi-fied G20” by an expert, he said. New Delhi Leaders Declaration will give the future a new direction and will play a role in changing the direction of world affairs, Commerce and Industry Minister said.

Shri Goyal said that Yashobhoomi is a proof of Prime Minister's vision of “Skill, speed and scale”. He informed that the project of IICC was completed speedily under Prime Minister's leadership and is being inaugurated today as Yashobhoomi. The first phase of this project is complete and the second phase will enlarge it into double its size today, he said. This convention centre at Dwarka is a great example of PM Gatishakti ideal, Shri Goyal said adding that the International Airport can be reached by expressway in 5 minutes, metro connectivity connects it to Connaught place in 20 minutes and there is ample provision of hotels linked to this project.

Shri Goyal said that in the last 9 years, the convention centres that are being set up in the country will become world class exhibition centres. Bharat Mandapam and Yashobhoomi will promote trade, industry, export and employment. Yashobhoomi will promote MSME sector, farmers and artisans and provide new opportunities and markets for them, he said.

Prime Minister has laid the foundation of making India a developed nation in Amrit Kaal by creating a strong economy and infrastructure, uplifting the poor, digitisation and by ensuring a corruption free government, Commerce Minister noted. Today the entire world is witness to Prime Minister's commitment to inclusive growth, he said. Making laws simpler to make the lives of common man easy, helping the start-ups, increase trade and exports, create new opportunities for employment and creating faith in the hearts of the people will ensure that the country has become unstoppable now, he said. Noting the inauguration of historic launch of Vishwakarma Yojana, Shri Goyal said that the Prime Minister has recognised the hard work of our artisans and the scheme will honour and strengthen them.


POST YOUR COMMENTS
   

TIOL Tube Latest

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.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.