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Court convicts nine accused including then assistant general manager, IDBI bank & others for causing loss of Rs.99.21 lakh to bank

The Special Judge, CBI Cases, Visakhapatnam has convicted 9 accused including  then AGM, Assistant Manager, both of IDBI Bank, 5 private persons & 2 private firms.

The Court sentenced Sri Surendranath Datti, then Assistant General Manager-cum-Centre Head, IDBI Bank Ltd., Vizag Retail Asset Centre, Siripuram Junction, Visakhapatnam  to undergo two years Rigorous Imprisonment with fine of Rs.60,000/-; Sri Dwibhashyam Karthik, then Asstistant Manager, IDBI Bank Ltd., Vizag Retail Asset Centre, Siripuram Junction, Visakhapatnam  to undergo two years Rigorous Imprisonment with fine of Rs.30,000/-; and private persons Sri Buddha Srinivasa Rao, Civil Contractor & Construction Business, Anakapalle, Visakhapatnam  District to undergo one year Rigorous Imprisonment with fine of Rs.30,000/-; Smt Buddha Nirmala, Anakapalle, Visakhapatnam District to undergo one year Rigorous Imrisonment with fine of Rs.30,000/-; Sri Kotha Kama Raju, Panel Valuer of IDBI Bank Ltd. & Proprietor, M/s. R.K. Engineers, Visakhapatnam  to undergo one year Rigorous Imprisonment with fine of Rs.20,000/-; Sri Belagam Srinivasa Rao, Panel Valuer of IDBI Bank Ltd, Visakhapatnam to undergo one year Rigorous Imprisonment with fine of Rs.20,000/- &  Sri Raghupathruni Kanaka Lakshmi Prasad, Panel valuer of IDBI Bank Ltd., Srikakulam to undergo one year Rigorous Imprisonment with fine of Rs.20,000/-. The Court has also imposed fine of Rs.60,000/- on M/s Nimble Corporate Services Private Limited, Hyderabad  and Rs.30,000/- on M/s Dharshan Management, Visakhapatnam.

CBI had registered a case on the allegations that Sri Surendranath Datti, then Assistant General Manager-cum-Centre Head and Sri Dwibhashyam Karthik, then Assistant. Manager, IDBI Bank Ltd., Vizag Retail Asset Centre, Siripuram Junction, Visakhapatnam in connivance with the borrowers, Panel Valuers & others had sanctioned & disbursed the loans to ineligible borrowers by accepting fake income tax returns, ignoring adverse CIBIL Reports, violating the laid down procedures & norms of IDBI Bank and failing to ensure property security.  Thus, the accused caused a total loss to the tune of Rs.99.21 lakh to the IDBI Bank Limited.

Press Release

Instruction for BIS on toy,

CBIC instruction on BIS standards for toys or parts of toys during import

Instruction No.06/2023 February 13th, 2023

Compliance of Bureau of Indian Standards (BIS) standards for toys or parts of toys during import

Board  is  in  receipt  of  references,  on  the  above  subject,  for  strengthening compliance with the prescribed BIS standards. In this regard, your attention is drawn to  Toys  (Quality  Control)  Order,  2020  dated  25.02.2020  effective  from  01.01.2021 which, inter-alia,mandates conformity with the corresponding Indian Standard(s) for toys (including import), and further stipulates that it shall bear the Standard Mark under a license from BIS). These standards are mentioned in column (2) of the Table below:

Goods or Articles

Indian Standard

Title of Indian Standard

(1)

(2)

(3)

 

 

 

 

 

 

Toys

IS 9873 (Part 1) : 2018

Safety  of  Toys  Part  l  Safety  Aspects Related   to   Mechanical   and   Physical Properties.

IS 9873 (Part 2) : 2017

Safety of Toys Part 2 Flammability.

IS 9873 (Part 3) : 2017

Safety  Requirements  for  Toys  Part  3 Migration of Certain Elements

IS 9873 (Part 4) : 2017

Safety  of  Toys  Part  4  Swings,  Slides and  Similar  Activity  Toys  for  Indoor and Outdoor Family Domestic Use

IS 9873 (Part 7) : 2017

Safety  of  Toys  Part  7  Requirements and Test Methods for Finger Paints

IS 9873 (Part 9) : 2017

Safety of Toys Part 9 Certain Phthalates Esters in Toys and Children’s Products.

IS 15644: 2006

Safety of Electric Toys.

 

2.The field formations and Directorates may take necessary steps to prevent violation of  the  Toys  QCO  and ensure  that officers  handling  the  assessment  of  these  goods have  a  clear  understanding  of  the  requirements  under  these  Orders  and  how  the satisfaction of those requirements is to be verified.

3.To facilitate the verification to prevent violation of the Toys QCO, the BIS has made available the list of BIS licensees of domestic manufacturers and foreign suppliers of toys  as  per  their  Website  and  Mobile App.  The  flowchart  to  access  these  details  is given at Annexure-1 to this Instruction.

4.Further, it is important to note that Toys QCO defines “toys” as “Product or material designed or  clearly  intended,  whether or  not  exclusively,  for use  in  play by children under 14 years of age or any other product as notified by the Central Government from time to time”. Thus, not only do the toys as per Toys QCO have a wider definition than what is generally perceived in the HSN, but also the toys definition applies to toy parts including  in  a  completely  knocked  down  (CKD)  or  semi-knocked  down  (SKD) condition,  if  the  said  parts  retain  the  essential  character  of  toy  defined  above. Moreover,  if  any  such  toy  parts  are  regulated  through  any  other  Quality  Control Order/Technical  Regulations,  then  the  provisions  of  respective  Quality  Control Order/Technical Regulations shall apply.

5.It may be noted that even when toyparts are imported formanufacturing toys under IGCRS,   2022   in   terms   of   exemption   Notification   No. 50/2017-Customs   dated 30.06.2017, there is a requirement to ensure, that the manufacturer possesses valid BIS certificate for such manufacturing, by verifying on BIS portal / App as specified in said Annexure-I.

Moreover,  to  facilitate  risk  management,  verification  and  avoid  queries  during clearance, the importers must be sensitized to enter the manufacturer details and their BIS license at the appropriate place at the item level in the Bill of Entry. DG Systems shall shortly also issue a suitable advisory in this regard.

he difficulties, if any, in the implementation of this Instruction may be brought to the notice of the Board.

FLOWCHART TO ACCESS DETAILS OF LICENCES FROM BIS WEBSITES

ACCESSING DOMESTIC LICENCES DETAILS

 STEP 1: Go to www.manakonline.in

STEP 2: Click on the tile “Conformity Assessment (Manakonline)”

STEP 3: Click on the tile “Search a licence”

STEP 4: In the “Search IS Number” field enter the IS no i.e. if you are accessing the list of non-electric toys enter “9873” and then IS 9873 Part 1 will appear in the next field. Then enter the captcha and click “Generate Report”

(you can access the list of electric toys in the same way by entering “15644” in the search IS

number field)

STEP 5: You can access/download the list now

NOTES

You can also access :

  1. The details of a specific licence using the licence number (CM/L-) or the Name of the licensee from the tab “Status of Licence”
  2. The details of expired/cancelled licences from the tab “Licences Expired/Cancelled”

ACCESSING FOREIGN LICENCE DETAILS

STEP 1: Go to www.bis.gov.in

STEP 2: Mouse over “Conformity Assessment” at the top of the screen

STEP 3: Under the “FMCS” column, click on “Licensee”

STEP 4: Click on the link (click here) for the “List of BIS licensees (IS wise)”

STEP 5: In the “IS Number” field enter the IS no i.e. if you are accessing the list of nonelectric toys enter “9873” and then select IS 9873 Part 1:2019 from the dropdown menu.

Then click search.

(you can access the list of electric toys in the same way by entering “15644” in the IS

number field and then selecting IS 15644:2006)

STEP 5: You can access the list now

BIS CARE APP

BIS care app can be used to verify the details of any licence

STEP 1: Download the BIS Care App from Android/Apple app store to your device

STEP 2: Click on “verify licence details”

STEP 3: Enter the licence number, and click “Go”

Details of the licence can now be accessed.

Access Instruction

 Advance Rulings in Delhi and Mumbai_mmtaxclub

CBDT: Offices established for Boards for Advance Rulings in Delhi and Mumbai

In continuation to the Notification No.96 of 2021 dated the 1st September, 2021 published in the Gazette of India, Extraordinary Part II, section 3, sub-section (ii) and in pursuance of Para 4(2) of the e-Advance Rulings Scheme, 2022, made by the Central Government by Notification No.7 of 2022 dated the 18" January, 2022 published in the Gazette of India, Extraordinary Part 11, section 3, sub-section (ii), the Central Board of Direct Taxes (hereinafter referred to as ‘the Board’) hereby sets up office for the Board for Advance Rulings (hereinafter referred to as ‘BAR’) as specified in Column 2 of the Schedule below, with their headquarters at the places mentioned in Column 3 of the said Schedule and comprising of Income-tax Authorities as specified in Column 4 of the said Schedule.

SCHEDULE

Sr. Board for Advance Rulings Headquarters Income-tax Authority  
1             Board for Advance Rulings-1  D (BAR-1), Delhi Delhi
  1. Member-I, BAR-I, Delhi

2.   Member-11, BAR-I, Delhi

3.Secretary, BAR-I, Delhi
 
2.    Board for Advance Rulings-11  D (BAR-11), Delhi Delhi
  1. Member-I, BAR-II, Delhi

2.   Member-11, BAR-II, Delhi

 3.  Secretary, BAR-II, Delhi
 
3             Board for Advance Rulings-III            Mumb (BAR-III), Mumbai Mumbai

1. Member-I, BAR-III, Mumbai

  1. Member-II, BAR-III, Mumbai
3. Secretary, BAR-III, Mumbai
 

2.  The BAR shall have such have such other income-tax Authority, ministerial staff, executive or consultant to assist the members of the BAR, as considered necessary by the Board. These shall be provided by the Principal Chief Commissioner of Income-tax concerned, who is the jurisdictional Principal CCIT for the BAR concerned, in consultation with the Board

3. This order shall come into force with immediate effect.

Copy to:

  1. PS to FM/OSD to FM/PS to MoS (R)/OSD to MoS(R)
  2. PS to Secretary(Finance)/(Revenue)
  3. Chairman, CBDT & All Members, CBDT
  4. All Principal Chief Commissioners of Income-tax / Principal Director Generals of Income-tax.
  5. Pr. Chief Controller of Accounts, New Delhi
  6. All Joint Secretaries/CsIT, CBDT
  7. Web Manager, O/o Pr.DGIT(Systems) with request to upload on the departmental website.
  8. Commissioner of Income-tax (Media & TP) and official Spokesperson, CBDT, New Delhi.
  9. Secretary General, IRS Association/ Secretary General, ITGOA/ All — India Income Tax SC & ST Employees' Welfare Association / Income Tax Employees Federation (ITEF).
  10. Jt. CIT, Data-Base Cell for uploading on IRS officer's website