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2020 wasn’t a year many of us would want to remember, and with the New Year beginning, we look forward with aspirations, positivity, and hope to step out of our respective homes. While the only resolution for 2021 should be to get normalcy back into our lives, as we prepare to get back to our old routines (hopefully), we also need to gear up for this beginning. With last year mostly spent at home, we did pamper our skin, care
INDIA New England News
By Puja Gupta
New Delhi– While 2020 was all about mindful spending and investment, 2021 would see the return of jewellery as an adornment, as people would embrace back socialising with fervent, say experts.
Jewellery in 2021 would be anything but boring and subtle. So we would see a ‘riot of colours’ expressed through unusual combinations of very different families of gemstones coming together, giving designers a very rich canvas to paint on, they add.
IANSlife spoke to industry veterans to look back at the trends that won 2020 and trends that will rule 2021.
Trends that ruled 2020
Federica Imperiali, Global Head of Product Development at Forevermark Diamonds tells IANSlife: “2020 trends were focused on the importance of protecting our precious planet, personal fulfilment, the value of empowerment and acceptance, and the choices we make. These inspirations brought to life jewellery that suggests a harmonious connection to the natural
Importers challenge notices seeking duty on EOU imports
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The tax notices have been issued under Rule 96 (10) of the Central Goods and Service Tax (CGST) Act introduced in 2017. The rule initially allowed for refund of integrated tax if the supplies of goods or services meant for exports have been cleared on payment of the tax.
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NEW DELHI: Several importers are going to court to challenge notices issued to them by the Directorate of Revenue Intelligence seeking customs duty payments on goods imported under the advance authorisation scheme or export-oriented units scheme since 2017, lawyers and tax experts said.
A writ petition has been filed in the Bombay High Court challenging the arrest provisions under the goods and services tax (GST) laws. While the government claims firms are booked under GST laws for fraudulently claiming input tax credit (ITC), experts find loopholes in the provisions, particularly those related to arrests. Abhishek Rastogi, partner at Khaitan & Co, who has filed the petition, said the Section 69 of the Central GST Act is arbitrary since it gives powers to GST commissioners to arrest a person if he has “reasons to believe” that the person has claimed fraudulent ITC. Commissioners can order up to five years of arrest of a person who he has reasons to believe is engaged in fraudulent claims. “Reasons to believe are subjective in nature and are prone to misuse,” Rastogi said.