Page 13 - BANKING FINANCE November 2018

U A

o e en ion an DS an CS ro i ion un er S no i ie
DS and CS ro isions under S ill e a lica le ro cto er CS ust
a or
e collected an e co erce o erator i the o era
S et ork has ade it andator
tor collects a ent on ehal o a seller he rate
or usinesses
should not e ceed er cent Such CS collected ust
and trans ort
e de osited to the go ern ent ithin da s a ter
ers to ention
the end o the onth in hich it as collected DS
codes o
ust e deducted here contract alue e ceeds
laces o con
lakh his onl a lies here the a er is a go ern ent entit or those noti ied
sign ent uoting o codes ac
the go ern ent as S Council a suggest ro ti e to ti e
cording to o icials ill hel in calcu
lating the correct distance and deter
o anie lai al e S re i
ine the alidit o the electronic
co anies o udhiana and near areas ha e een ser ed de and notice
a or e a ill hich is used
the de art ent or their alleged in ol e ent in this
usinesses to trans ort goods orth
ne us he ir s ha e een accused o clai ing S
o er Rs oth ithin and out
credit or an in ut ta credit to the tunes o Rs
side a state
crore raudulentl ing in o this ne us is said to e
n lu ion o e roleu a ill Road resident ho runs a usiness o trading
ra aterial used or aking steel and allied rod
ro u un er S un
ucts s o no state ta ation de art ent has not initiated the rocess o R
likel in near u ure against an o the co anies as it is gi ing chance to all the accused to co e
or ard and surrender the S credit clai ed the raudulentl
etroleu roducts are unlikel to
e rought i ing ore in or ation de ut e cise and ta ation co issioner D C
under the udhiana a an arg said his case has een re orted range o our
S in the de art ent and since the atter is still eing ro ed e can not di ulge the
near uture na e o the co anies and the o ners e ha e alread ser ed notices to the
States are o ain co an and others that took ake urchase ills ro this ir Right
the ie that no e are not conte lating registering an R in this case as e ant to
inclusion o ait till our in estigation concludes
etroleu roducts under S is
unlikel to reduce their rices as ar ana enie C o an S a e ee oun o e
states ha e o ers to le a ta o er
ake
and a o e the eak S rate
ar ana has eco e the irst state in ndia to announce den ing in ut ta credit
he nion inance inistr is also un
C to an oods and Ser ices a S assesse ound to e ogus or ake
likel to ush or its inclusion as it e
he State o ern ent has issued detailed guidelines e laining the circu
lie es that states ill not a our such
stances during hich credit can e locked he unctionalit o locking and
a easure he urden o the high
un locking C is an i ortant tool or sa eguarding the o ern ent re enue
uel rices on the co on an had
articularl in cases o raudulent acti ities the ta a er
triggered de ands or a reduction in
ccording to the guidelines one o the circu stances is that ull a ount o
e cise duties le ied the centre
credit a aila le in the lectronic Credit edger o the ta a er should e locked
uel rices ha e een rising ra idl
instantl in cases here the registered ta a ers are ound to e ogus ake
o er the last e onths he cost
an in estigation or intelligence
o the ndian asket o crude oil rose
Such ta a ers are not entitled or the credit on the grounds that no su l has
to a arrel on Se te er
een ade and ro er ta has also not een de osited in res ect o the clai ed
according to etroleu lanning and
credit ull a ount o credit should also e locked i the ir s ha e een ound
nal sis Cell
non unctional
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