Latest news with #CPC
Forbes
an hour ago
- Business
- Forbes
Red Mesa Aims To Rethink Hemp-Derived Cannabinoid Refining Methods
While traditional methods for refining and isolating hemp-derived cannabinoids typically involve a chemical catalyst, a new method has emerged in recent months. Hemp laws are constantly in a state of flux as some state regulators seek to restrict the use of conversion reactions, but this system introduces a novel solution. Utah-based Red Mesa Science & Refining unveiled its botanical refinement system, allowing cannabinoids to retain their natural complexity and integrity. How's this possible? The company's novel method works by extracting and distilling cannabinoids from American-grown hemp and introducing the material to an industrial-scale liquid centrifugal partition chromatography system. This allows them to precisely isolate the target cannabinoid. Red Mesa is a large-scale producer of hemp-derived CBD, CBG, CBN, CBT, and other cannabinoid isolates and distillate. The team operates a 50,000-square-foot facility in St. George, Utah with various homogenization, distillation, crystallization, liquid chromatography, and conversion processes. Crude materials go from extractors to refiners, and finally to wholesale customers, typically connected via third parties. While the company employs traditional hemp refinement methods, Red Mesa's new proprietary manufacturing process isolates rare cannabinoids such as CBN, CBT, and CBL—without chemically catalyzed conversions. 'Unique to Red Mesa is the installation of the world's largest centrifugal partition chromatography (CPC) equipment system,' Red Mesa President Jeff Applegate says in a video call, explaining the system they purchased from RotaChrom Technologies. 'It was a leap of faith in future technology to be applied to the refining of cannabinoids. It's a massive undertaking from a technology standpoint to get the system and the methods for processing underway, and to truly utilize all of the cannabinoids that come from the plant.' It's a liquid separation method that doesn't rely on chemical catalysts or solid medium— fundamentally different from flash chromatography or column chromatography methods. 'This technique uses two immiscible liquid phases and a centrifugal force to isolate cannabinoids based on their solubility difference," he says. "It's highly selective, gentle, undelicate compound, and avoids contamination risk associated with those traditional methods of separation. The CPC allows us to refine rare cannabinoids like botanical CBN, CBL, and CBT and get exactly what we want. The perfect fraction is today a reality." He explained that in the hemp business, you have two main cannabinoids: CBD and CBG. But there is additionally a host of minor cannabinoids. Red Mesa processes crude hemp oil, removing unwanted ingredients via the homogenization process before several more steps. Applegate formerly served as Chief Operating Officer of a medical rehabilitation product manufacturer, with extensive experience in sales management, manufacturing, and product development in an FDA-regulated industry. Under his leadership, Red Mesa has become a leader in the cannabinoid space, specializing in CBD, CBG, and CBN isolates, distillates, crystal-resistant distillates, and botanically-derived rare cannabinoids. The company sells raw cannabinoid material to product formulators, contract manufacturers, and white labelers. In regards to where the markets the company's ingredients end up, the hemp nutraceutical and wellness sector is number one. 'There's probably not another state with more nutraceutical and wellness horsepower than Utah," he says. "Hemp is a market that's increasingly looking for more credible producers at scale with the certifications and registrations that Red Mesa holds. And then there's also the vape industry. In the there's a growing appetite for non-psychoactive options outside of nicotine or THC." There's a increasing demand for cannabinoid isolates with greater purity levels. For instance, importing CBD to be sold in Japan is legal, but CBD products must contain less than 10 ppm THC—0.001%—which is the strictest zero tolerance CBD rule yet. In addition, certain athletes must comply with strict anti-doping rules when taking CBD, such as Olympians. The company's CBD isolates, for instance, contain ≥99% CBD purity or greater and THC-free. Every raw ingredient sold by Red Mesa is produced in-house and traceable, with third-party lab COAs verifying cannabinoid potency, under full compliance. State to state, hemp laws are constantly changing, often when it involves typical conversion methods. In Montana for instance, the state's regulatory agency now bans the use of a converted CBN as an input material to make finished CBN good products, and Applegate explained that solutions like theirs may become fundamental to the continuation of many businesses that sell those products, allowing them to circumvent those rules. Hemp in Utah is regulated under both federal and state agencies, primarily the The United States Department of Agriculture (USDA) and the Utah Department of Agriculture and Food (UDAF). All cannabinoid products marketed or sold in Utah are required to register with the UDAF. Hemp-derived cannabinoid product sales reached $28 billion in 2022 while legal cannabis products generated $26 billion in sales during that same period, according to Whitney Economics. Red Mesa brings in about 6,000 kilograms of crude feedstock inputs per month, and the company aims for about 12,000 kilograms of feedstock input by the middle of 2026. The company's large-scale B2B business model showcases the true power of the hemp industry, and where cannabinoid refinement methods are headed in the future.
NDTV
a day ago
- Business
- NDTV
Delhi Development Authority Announces Recruitment For 1,383 Vacancies, Check Details
DDA Recruitment 2025: The Delhi Development Authority (DDA) has released a recruitment notification to fill a total of 1,383 vacancies in Groups A, B, and C. The vacant posts include roles such as Junior Engineer, Assistant Section Officer, Patwari, and more. Candidates with qualifications ranging from 10th pass to postgraduate are eligible to apply. The registration process will commence soon. Interested and eligible candidates can submit their applications by visiting the official website, Vacancy Details The DDA recruitment drive aims to fill vacancies in Group A, B, and C posts. Here are the vacancy details: Assistant Executive Engineer (AEE) Junior Engineer (JE) Assistant Section Officer (ASO) Stenographer Grade D Legal Assistant Patwari Naib Tehsildar Multi-Tasking Staff (MTS) Deputy Director Assistant Director Programmer Surveyor Junior Translator Architectural Assistant Planning Assistant Assistant Director (Ministerial) Assistant Security Officer DDA Recruitment 2025: Who Can Apply Applicants must fulfill the required eligibility conditions to be considered for the roles. Academic Qualifications: The educational criteria differ depending on the post. Qualifications may include completion of Class 10, ITI certification, diploma programs, or undergraduate and postgraduate degrees in the relevant disciplines. Age Criteria: The age requirements vary for each position, typically falling between 19 and 35 years. Salary Structure: The salary for each role is determined according to Levels 1 through 11 under the 7th Central Pay Commission (CPC) framework. Interested individuals should refer to the official notification for complete information on eligibility, the selection process, and other important instructions before submitting an application. DDA 2025 Recruitment: Selection Process The recruitment process comprises the following stages: Online Examination (CBT): A computer-based test will be conducted to evaluate candidates' knowledge and job-specific skills. Skill Assessment: Certain roles may require a practical test to measure job-related abilities. Verification of Documents: All essential documents, including proof of age and educational qualifications, will be verified. Personal Interview: For select positions, candidates will be invited for an interview to assess their overall suitability. To get detailed information and submit your application, visit the official website of the Delhi Development Authority (DDA).
New Indian Express
2 days ago
- Politics
- New Indian Express
AP High Court raps police for intervening in civil dispute cases
VIJAYAWADA: In a significant ruling, the High Court has sharply criticised police interference in civil disputes, particularly those related to land issues, stating that they have no authority to intervene in such matters. The HC clarified that civil disputes between individuals should be resolved through civil courts under the Code of Civil Procedure (CPC) or through statutory bodies like the State Legal Services Authority, District Legal Services Authority, and Mandal Legal Services Authority. The court emphasised that police attempts to resolve civil disputes under initiatives like the Pre-Litigation Counselling Forum (PLCF) create confusion among parties and may escalate conflicts. The HC explicitly directed Visakhapatnam police to refrain from interfering in civil cases under any pretext. In a related case, 74-year-old S Shyamala from Visakhapatnam's Bay Colony approached the High Court, alleging harassment by the Visakhapatnam Commissioner of Police (CP), who repeatedly summoned her in connection with a civil land dispute. Shyamala sought court intervention to prevent police from pressuring her to resolve the dispute outside the legal framework.
Time of India
2 days ago
- Business
- Time of India
33% more money on tax refund interest this year for income taxpayers due to ITR filing deadline extension
The Income Tax Department has extended the due date for Income Tax Return (ITR) filing from July 31, 2025, to September 15, 2025. However, there is an unintended consequence of ITR filing deadline extension by income tax department for FY 2024-25 (AY 2025-26). This deadline extension may result in higher interest payout for many people claiming income tax refund this year including both Indian and NRI taxpayers. Taxpayers can claim an income tax refund in their ITR, when their income tax liability is lower than the tax amount already deposited by them through TDS deduction, advance tax, etc. Under Section 244A, the income tax department has to pay simple interest of 0.5% interest on the whole or the excess amount of tax refund so refunded, for every month or part of a month. However, one has to remember that this interest on tax refund is taxable as income from other sources in the relevant year of earning. Many taxpayers won't mind this increased income as this income may still remain tax-free for them. This is because from FY 2025-26 (AY 2026-27), non-salaried and salaried individuals can enjoy completely tax-free income for levels up to Rs 12 lakh and Rs 12.75 lakh respectively due to increased Section 87A tax rebate. How can taxpayers get extra tax refund interest due to ITR filing deadline being extended to September 15, 2025 S. Sriram, Partner, Lakshmikumaran and Sridharan attorneys, says: 'Though the due date is extended till September 15, 2025, if the tax-payer files the return by July 31, 2025, the CPC can process the return immediately and grant the tax refund. But the delay in filing of return by taxpayers till September 15, 2025 will certainly entitle them additional interest, till the time the income tax return so filed, is processed by the Centralised Processing Centre.' Sriram adds: 'Granting of refund of taxes is not dependent upon the due date for filing of tax returns, but actual filing of return by the taxpayer, and the processing of return by the CPC.' Chartered Accountant (Dr.) Suresh Surana agrees with Sriram and adds: 'In furtherance to the press release dated 27th May 2025, the CBDT has issued Circular No. 6 of 2025, also dated 27 May, 2025, clarifying that the due date for filing an ITR under Section 139(1) stands extended from July 31, 2025 to 15 September 15, 2025. Accordingly, when an assessee furnishes their ITR on or before 15th September 2025, such ITR will be treated as filed within the time allowed under Section 139(1). As a result, interest under Section 244A on eligible tax refund amounts will be payable from April 1, 2025, even if the ITR is furnished after July 31, 2025 but within the extended due date of September 15, 2025. Live Events 'Delay in releasing utility means delay in ITR filing, resulting in delay in refund. All the refunds which are being stuck will get delayed. Also, the government will have a huge bill of paying additional interest on tax refunds, which will be funded again by the taxpayer's money,' says Chartered Accountant Chirag Chauhan. Also read: ITR filing last date extended from July 31, 2025, for FY 2024-25 (AY 2025-26): Check the new date here How much extra money can taxpayers get due to the ITR deadline extension for FY 2024-25? For this calculation we have taken five possible scenarios and assumed that the taxpayer filed his/her ITR on September 15, 2025, and e-verified it. There is also another assumption which is that the tax refund is out of TDS deducted on the income. Interest on the tax refunds is also assumed to be paid by September 30, 2025: Scenario Tax Refund Interest @0.5% per month from 01st April till September 30, 2025 Interest @0.5% per month from 01st April till July 31, 2025 Scenario Tax Refund (in INR) Interest@0.5% per month from April 1, 2025 till July 31, 2025 (in INR) Interest@0.5% per month from April 1, 2025 till September 30, 2025 (in INR) A 25,000 500 750 B 50,000 1000 1500 C 1,00,000 2000 3000 D 1,50,000 3000 4500 E 2,00,000 4000 6000 Source: Chartered Accountant (Dr.) Suresh Surana If we calculate the extra percentage of tax refunds on account of interest, then it comes to be 33% in each case. With the previous deadline of 31 July a taxpayer, who is eligible for Rs 25000 tax refund and filed ITR by July 15, would have received an interest amount of Rs 500 if refund was processed on July 31. However, due to deadline extension if he now files the ITR by September 15 and refund is processed on September 31 he would now receive Rs 750 as interest on this refund amount of Rs 25,000, which is 33% more than Rs 500. Interest given on tax refund amount is taxable for all taxpayers According to Surana, 'Interest received on income tax refund is taxable in the hands of all categories of taxpayers. Such interest is granted under Section 244A and is chargeable to tax under the head "Income from Other Sources" in the year in which it is actually received, irrespective of the assessment year to which the refund pertains. Accordingly, taxpayers are required to report this interest income in their ITR and discharge the applicable tax liability thereon.' This means that the interest granted on tax refund amount is taxable for FY 2025-26 (AY 2026-27). For FY 2025-26 (AY 2026-27), taxpayers can enjoy up to Rs 12 lakh completely tax free due to application of enhanced limit of Section 87A tax rebate. This will result in many taxpayers being eligible to pay no income tax on the interest amount that they receive with their income tax refund. Manmeet Kaur, Partner at Karanjawala & Co, explains how interest on tax refund is computed. "Till the tax refund amount is refunded, the Income Tax Department shall pay interest over and above this amount that is to be refunded. This component of interest on income tax refund is computed from the date of filing of income tax returns. In case the return is filed on or before the due date, interest begins to be computed from 1st April of the Assessment Year till the grant of refund. If the return is filed after the due date, the interest shall be computed from the date of return filing to the date of grant of refund. Section 244A of the Income Tax Act, 1961 provides for the modalities and computation of interest payments to taxpayers on the refund amount pending after filing of ITR. Therefore, the interest on refund may be dependent upon verification of the income tax refund claimed by the taxpayer by the Income Tax Department, and the extension of due date might or might not matter at all."
Yahoo
3 days ago
- Climate
- Yahoo
Big Country Summer Outlook: It's going to be hot & that's not clickbait!
BIG COUNTRY, Texas () – Heading into summer, especially here in the Big Country, we all know what to expect: hot and dry conditions. However, each month, the Climate Prediction Center releases a seasonal outlook that helps explain why we can expect specific weather patterns and how intense they may become. Let's take a closer look. Abilene records hottest day ever with sweltering 113°F, more record breaking heat ahead First, the Farmers' Almanac, a well-known publication that has been around since the 1800s, uses a combination of tools, including climatological patterns, sunspot activity, lunar tides, and other atmospheric data, to make seasonal predictions. According to the Summer 2025 outlook, it's expected to be hot and dry. Sure, we already had a feeling, but according to them, this summer is shaping up to be a real scorcher. That being said, they aren't expecting things to get out of hand right away. June is forecast to be near normal, which still means it'll be plenty warm around here. But once we head into July and August, that's when they're predicting the heat could really ramp up, possibly even to record-breaking levels. Last summer, we recorded one of the hottest summers on record. Nationwide, temperatures were approximately 2.5 degrees above normal, marking the hottest summer on Earth since global records began in 1880. Unfortunately, this year could be just as intense, if not hotter. As for rainfall, the Farmers' Almanac says precipitation across the country will range from near to slightly below average. For Texas, that doesn't take much. We're typically already running a deficit by the time July rolls around. Beat the Big Country heat, signs and symptoms of dehydration Looking at the Climate Prediction Center's latest outlook, they're forecasting above-normal temperatures and below-normal precipitation for the Big Country from June through August. This forecast is based on several factors, one of which is the current El Niño-Southern Oscillation (ENSO) pattern. ENSO is a vital climate phenomenon that influences temperatures and precipitation globally. Right now, we're in what's called an ENSO-neutral phase, meaning there's no strong El Niño or La Niña influence. That leaves the door open for other drivers, such as local soil moisture and sea surface temperatures. One thing the CPC paid close attention to this time was soil moisture. Thanks to recent rains across the Big Country, we've seen some improvement. That added moisture can help limit just how fast temperatures climb early in the season. However, if the dry trend continues, and there's a decent chance it will, it won't take long for hot and dry conditions to return. That raises the risk of worsening drought and triple-digit temperatures, especially later in the summer. How Abilene firefighters battle both fire and 100°+ temperatures Looking even farther out, there's a possibility that La Niña could start to develop by fall. If that happens, we could see the dry pattern shift slightly to the southeast; however, for now, there is still a lot of uncertainty. So, all in all, we're expecting a classic Big Country summer: hot, dry, and potentially even more intense than what we saw last year, especially in July and August when we typically hit peak heat. Make sure to practice heat safety and always be aware of the signs of heat illness. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
