SIGN IN SUBSCRIBE

News Update

Cus - Warehousing of imported solar panels/solar modules - Instruction dated 9 th July 2022 appears to travel far beyond the advisory and clarificatory function which stands placed in the Board by virtue of s.151A of CA, hence quashed: HCCus - Petitioner had opted for conversion from a less rigorous procedure of availing Duty Drawback Scheme to a more rigorous procedure under Advance Authorisation Scheme and as per Circular 36/10-Customs, same was not possible: HCCX - Respondents cannot go beyond the Reward Scheme as no discretion is vested with them to release any amount towards the reward, before finalization of the proceedings against assessee: HCGST - Petitioner is given liberty to manually file an appeal against impugned order regarding transitional credit of SGST for which they had valid evidence for payment of VAT of same amount: HCGST - For the period for which return was filed, registration cannot be cancelled retrospectively: HCHas Globalisation favoured capital more than labour? Can taxing super-rich help?GST - SC asks Govt not to use coercion for recovering arrearsChanging Tax Landscape in IndiaPrivate equity funds pouring in India’s healthcare sectorInterpretation of StatutesGoogle, Microsoft move Delhi HC against order to erase non-consensual intimate images16th Finance Commission invites views from general public on terms of referenceEvery party committed to ensure PoK returns to India; Jaishankar695 candidates to contest LS elections in Phase 5Astronomers’ efforts lead to discovery of a rocky planet with atmosphereCSIR hosts Student-Science Connect program on Climate ChangeVolkswagen asks EU not to raise tariffs on EVs from ChinaI-T - Assessee given insufficient time to file reply to Show Cause Notice; assessment order quashed; matter remanded for reconsidering assessee's replies: HCChina blocks imports from Intel & QualcommI-T - Assessee has 5 email IDs & responded to communications received on one of these IDs; Assessee cannot claim to have been denied an opportunity of personal hearing before passing of order: HCRecord rainfall damages over 1 lakh homes in Brazil; over 100 lives lostI-T- Additions framed u/s 68 r/w Section 115BBE are unwarranted where assessee duly explains nature & source of cash receipts, through sufficient documentation: ITATRussia bombards Ukraine’s power supply; Serious outages fearedI-T- Re-assessment cannot be resorted to beyond 4 years from end of relevant AY, where assessee has not failed to file ITR or to make full & true disclosure of facts necessary for assessment: ITATIndia received foreign remittance of USD 111 bn in 2022, says UNI-T- Receipt of subscription fees can't be considered as commercial activity: ITATPitroda resigns as Chairman of Indian Overseas Congress over racist remarkST - In case of payment received through cheque, it is the date of honouring cheque, which has to be construed as date of receipt of advance payment and since amount was received by appellant on or after appointed date, appellant would not be entitle to benefit of exemption notification: CESTAT86 flights of AI Express cancelled as crew goes on mass sick leaveCus - When undervaluation of goods is alleged solely based on value of contemporaneous imports, all details relating to such imports are to be necessarily established by Revenue: CESTAT
 
Centre directs States to enforce weekly stock disclosure of pulses

By TIOL News Service

NEW DELHI, APR 11, 2024: THE Centre on Wednesday directed all States and UTs to enforce weekly stock disclosure of pulses by all stockholding entities and verify the stocks declared by them. Stocks in warehouses located in major ports and in pulses industry hubs should be verified from time to time and strict action should be taken on stockholding entities found to be reporting false information on stock disclosure portal.

The Secretary, Department of Consumer Affairs, Nidhi Khare took a meeting today with Principal Secretaries and Secretaries of State Consumer Affairs, Food & Civil Supplies Departments as a follow up of the 5th April, 2024 directive to all the States/UTs to enforce pulses stock disclosure by stockholding entities. The States and UTs were apprised of the need for increased vigilance over the stock position and price trends in respect of pulses to prevent hoarding and market manipulation.

She also took a meeting with pulses importers associations and other pulses industry representatives to discuss issues relating to the import and stock disclosure. The participants shared their views and inputs on pulses industry in general and imports in particular. The importers and industry players have been asked to religiously declare their stock of pulses, including imported Yellow Peas, on weekly basis. In this regard, the Department of Consumer Affairs has revamped the stock disclosure portal https://fcainfoweb.nic.in/psp/ to include Yellow Peas and also Big Chain Retailer as an entity which will be operational from 15th April, 2024.

Apart from the five major pulses, namely, Tur, Urad, Chana, Masur and Moong, the States/UTs have been asked to monitor the stock position in respect of imported Yellow Peas. The import of Yellow Peas has been allowed from 8th December, 2023 for a period till 30th June, 2024 to augment overall availability of pulses. Khare stressed the need to ensure that imported Yellow Peas are continuously released in the market. Similarly, stocks of Tur, Urad and Masur with importers are to be monitored for smooth and continuous release in the market.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
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.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



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

TII LATEST

TIOLCORPLAWS LATEST