Posts in: June, 2018

Shri S. Ramesh takes over as Chairman, Central Board of Indirect Taxes and Customs

Shri S. Ramesh, IRS(C&CE:1981) has taken over as Chairman, Central Board of Indirect Taxes and Customs [CBIC], on superannuation of Smt. Vanaja N. Sarna today . Prior to his elevation, he was Member (Administration) in the Board.

Shri S. Ramesh began his career in Mumbai as Asst Commissioner, Central Excise and thereafter in Mumbai Customs. He has worked in various capacities in Hyderabad, Nagpur, Chennai, Trichy etc. He was the Chief Commissioner, Chennai Customs Zone from 2013 to 2016. Thereafter, he took over as Director General, Systems & Data Management. He joined the Board in September, 2016 as Member (IT, Central Excise & Service Tax). (Source – PIB)

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2nd Drive to be launched by MCA for striking off 2,25,910 Companies due to non-filing of financial statements – Final Opportunity of being heard will be given

During Financial Year 2017-18 ROCs identified and removed from the register of companies the names of 2,26,166 companies & 3,09,619 directors disqualified –

In a drive carried out under the supervision of the Ministry of Corporate Affairs in the Financial Year 2017-18 the Registrars of Companies (ROCs) identified and removed from the register of companies under Section 248 of the Companies Act, 2013 the names of 2,26,166 companies, which had not filed their Financial Statements or Annual Returns for a continuous period of two or more financial years. As many as 3,09,619 directors were also disqualified u/s.164(2)(a) read with Section 167(1) of the Companies Act, 2013 for non-filing of Financial Statements or Annual Returns for a continuous period of immediately preceding 3 financial years (2013-14, 2014-15 & 2015-16).

With the

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Nirav Modi/Mehul Choksi records and documents have not been destroyed in Fire at Mumbai Income Tax Office – CBDT

Central Board of Direct taxes (CBDT) has  issued clarification on 4th June 2018 regarding loss/damage to records and documents related to Nirav Modi and Mehul Choksi investigation case, in the Scindia House fire at Income Tax Office, Mumbai – Clarified that its completely false and misdirected.

A Major fire broke out in Mumbai Scindia House (Commercial) building located in Ballard Estate in south Mumbai on Friday 1st June 2018. The third floor of Scindia House has the office of Director General and Directors of Income Tax Investigation department.

It has been clarified by CBDT that News reports have been appearing in some sections of the media alleging that records & documents relating to investigation into the Nirav Modi/Mehul Choksi case have been destroyed in the Scindia House

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Directorate of Revenue Intelligence have seized 32 Kg of Smuggled Gold having value of Rs. 10.32 Crore

DRI seizes 32 Kg. Of Gold worth Rs 10.32 Crore in one of the biggest seizures of Smuggled Gold in Recent past in East and Northeast India 

Acting on an specific  intelligence, the officers of Directorate of Revenue Intelligence (DRI) have effected a seizure of 32 kgs of foreign origin gold valued at Rs 10.32 Crore, smuggled from China into India through the Indo-China Border in the State of Sikkim.

The DRI received a tip off that a huge quantity of Gold of foreign origin that has been smuggled into India from China through Indo-China Border in the State of Sikkim would find its way to Kolkata via Siliguri and would be carried by three persons who would be travelling by a hired vehicle from Gangtok to Siliguri and would

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