SEIS Scheme - Validity and legality of Policy Circulars - Policy ...

High Court Rules Policy Circular No. 8/2018 Ultra Vires for Overstepping RBI Authority on INR Billing in SEIS Scheme.

March 11, 2021

Case Laws Customs HC

SEIS Scheme - Validity and legality of Policy Circulars - Policy Circular No. 8/2018 dated 21.06.2018 clearly overrides the authority of the Reserve Bank of India and an attempt is made to introduce a provision for issuance of a certificate by the petitioner enabling the local domestic service provider, such as, ports to deem their INR billing as in foreign exchange. Such overriding policy decisions in our view would require an amendment in the FTP 2015-20 and as mandated under the provisions of section 5 of the FT (D&R) Act would have to be carried out only by the Central Government. - such circular is service provider are ultra vires the FTP - HC

View Source

← Previous Next →

SEIS Scheme - Validity and legality of Policy Circulars - Policy ...

High Court Rules Policy Circular No. 8/2018 Ultra Vires for Overstepping RBI Authority on INR Billing in SEIS Scheme.

March 11, 2021

Case Laws Customs HC

You may also like:

Exemption from GST - transmission or distribution of electricity - Through circular it was clarified that certain activities shall be taxable - Vires of para 4(1) of the...

Exemption of Central Tax for electricity services under Serial no. 25 of notification dated 28th June, 2017 - respondent invoked Section 74 of CGST Act, 2017 based on...

Change in policy by RBI -The new policy appears to have been declared by RBI for the reason that the NPA, in the Nationalized banks, have touched almost 8 lakhs crores....

Target Plus Scheme - Foreign trade policy - the conditions which were stipulated by the circular dated 8 May 2007 were ultra vires paragraph 3.7.6 of the Foreign Trade...

HC directed respondents to extend industrial promotion policy benefits to petitioner within 3 months. While respondents acknowledged petitioner's construction investment...

Dishonor of Cheque - The statutory notice is given by the respondent on 26.7.2018 and it was received by the petitioner on 27.7.2018. The petitioner was to pay the...

Conduct of lotteries - Power of Host State to make rules under section 12 of the Act to monitor the conduct of lotteries of Organising States within the territory of the...

Validity of Policy Circular - SFIS Scheme - Since the said Circular does not take away the benefits that have accrued on the basis of the SFI Scheme prior to the...

Declination to accept the recommendation made by the Chief Commissioner of Persons with Disabilities by his order dated 06.04.2023 - seeking direction to the respondents...

Companies (Corporate Social Responsibility Policy) Amendment Rules, 2018

SERVICE TAX ON REIMBURSEMENTS IS ULTRA VIRES - Article

The Public Notice issued by the Office of the Principal Commissioner of Customs (Preventive) in Chennai highlights the importance of complying with procedures and...

Target Plus Scheme – validity of circular - circular dated 8 May 2007 quashed and set aside - HC

Principles of natural justice - mining services - production of oil services - Survey and Exploration - only point raised before this Court is that the Adjudicating...

Amendment in Export Policy and insertion of Policy Condition under Chapter 29 and 38 of ITC (HS), 2018 - Export Policy of Hydrofluorocarbons (HFCs) - Notification

Quick Updates: