THE CUSTOMS (ELECTRONIC CASH LEDGER) REGULATIONS, 2022
Electronic Cash Ledger
Section 51A was inserted in Customs Act, 1962 (‘Act’ for short) vide Finance Act, 2018. The newly inserted Section 51A requires every assessee to maintain electronic cash ledger...
DGFT Bans Import of air conditioners with refrigerants.
The Directorate General of Foreign Trade (DGFT) has issued a notification on October 15, 2020, which has amended the Import Policy of air conditioners...
Redemption Fine Status Quo Penalty (For Threshold of Monetary Limits) – Customs
Redemption Fine Status Quo Penalty (For Threshold of Monetary Limits) - Customs
As per Circular the redemption fine shall also be treated
like the penalty for...
CBIC: Implementation of the CAROTAR, 2020 with effect from 21st September 2020
On 21st August 2020, The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020) was notified by the Central Board of Indirect...
Waiver of custom duty on Remdesivir injections: CG
This customs duty waiver will remain in effect till October 31, 2021, and is among the measures to increase the production and supply of...
GST collection falls by 8%, indirect tax collection up 12% in FY21 for CG
The central government’s indirect tax collections rose by more than 12 per cent at Rs10.71 trillion during Financial Year (FY) 2020-21 compared to Rs9.54...
Govt. puts Ceiling on MEIS Benefits available to the Exporters.
The Directorate General of Foreign Trade (DGFT) on behalf of the Central Government's Ministry of Commerce & Industry released a notification on Tuesday which...
RoDTEP Scheme for Exporters is Launched but where are the Details ?
RoDTEP Scheme - Questions Unsawered
Recently you would have heard about the remission of duties and Taxes on export product scheme i.e. RoDTEP Scheme...
Manufacturers of Mobile Phone & Electronics seeks for Exemption from ‘Faceless Assessment’.
Manufacturers of the Electronics and Mobile Phones are seeking to get an exemption from the new “faceless assessment” system for clearing of their Import/Export...
Govt. waived custom duty on Oxygen concentrators gifted by foreigners to there Indian relative
The government on Friday can allowed people living in abroad to send oxygen concentrators as gifts to relatives in India and exempted custom duty...
CG: Date of order permitting Clearance and Loading of Goods for Export extended till...
The Government of India is seeking to extend the date of the order permitting clearance and loading of goods for export under section 51...
Budget 2018- 80C Limits May be Increased to Rs 2,00,000/-
Budget 2018- 80C Limits May be Increased to Rs 2,00,000/-
Finance minister Arun Jaitley may raise tax breaks offered on money parked in a slew...
Are You Making NRI Property Investment in India – Here are Few Things You...
NRI Property Investment in India – FEMA, Income Taxes & GST Viewpoints !
By CA Ankit Gulgulia (Jain)
Non Residents Indians have always been keen and...
All Industry Rates of Duty Drawback 2012-13
All Industry Rates of Duty Drawback 2012-13
The Ministry has notified the All Industry Rates (AIR) of Duty Drawback 2012-13 vide Notification No. 92/2012- Customs...
Authentication of supply invoice/ ARE-3 by the Central Excise Authorities for Claiming Deemed export...
Subject: Authentication of supply invoice/ ARE-3 by the Central Excise Authorities for Claiming Deemed export benefits- reg.
Attention is drawn to Circular No. 15/2008-Cus dated...
CBIC: Auto Let Export Order (LEO) allowed under Express Cargo Clearance System (ECCS)
On September 7, 2020, a circular was released by the Central Board of Indirect Taxes and Customs (CBIC) that aimed in providing the facility...
One PAN– One IEC–W.e.f 1.4.2015 (Multiple IEC’s to be cancelled)
Cancellation of validity of Multiple IECs against single PAN – reg. - Public Notice - Dated 17-2-2015 - DGFT
Public Notice No. 87 (RE-2013)/2009-2014
New Delhi,...
Anti Dumping Duty on Chinese Chemical for 5 Years
The revenue department has imposed anti-dumping duty for five years on a Chinese chemical {Zeolite 4A} used in making detergents to guard domestic players from...
Anti-dumping duty likely on Chinese Chemical Imports
Anti-dumping duty likely on Chinese chemical imports
India is likely to impose anti- dumping duty of up to USD 397 per tonne on a Chinese...
10% import duty on wheat
10% import duty on wheat
In a move intended to prevent foreign wheat from flooding the domestic market, the Centre on Friday imposed a 10...
4% SAD Refund – Due Date Extended
SAD Refund Due Date Extended
The Due date of utilizing the amount of re-credited 4% SAD refunds for payment of duty in case of re-credited DEPB/...
CBEC: Annual Information Return to detect Tax evasion
CBEC: Annual Information Return to detect Tax evasion
For detecting tax evasion the tool used by the income tax department now will be used by...
DGGI catches exporter companies for defrauding exchequer through fraudulent ITC Claims and cash refund...
The Directorate General of GST Intelligence (DGGI's) officers have developed intelligence about few exporter companies which were engaged in fraudulent availment of Input Tax...
DGFT: Allows export of Hand Sanitizer Containers with Dispenser Pumps
The Directorate-General of Foreign Trade (DGFT), Ministry of Commerce and Industry has released a notification regarding the upliftment of export ban on all alcohol-based...
DGFT: Announced Amendments in Export Policy of Masks & PPE Kits
The Director-General of Foreign Trade (DGFT) released Notification No.29/2015-2020 on August 25, 2020, which explained the amendment made in the Export Policy of Personal...
DGFT: Amendments in Export Policy of PPE Kits & Masks got notified.
On 6th October amendments were introduced in the Export Policy of personal protection equipment or Masks by the Director-General of Foreign Trade (DGFT), which...
CBIC: Deferred Import Duty payment without Intimation Benefit is available for Eligible Importers
On 19th August 2020, the Central Board of Indirect Taxes And Customs (CBIC) released a notification No.79/2020-Customs (N.T.) which notified the Deferred Payment of...
CBIC: Customs Officers can now amend any document to conduct Faceless Assessment of Bills...
On Monday, the Central Board of Indirect taxes and Customs (CBIC) has released a notification which gave the power to the Customs Officers to...
Only Two Documents Can Get You IEC Code Now
Apply for IEC code with only Two documents- COPY OF- TRADE NOTICE NO.18/2016
Reference is invited to the Notification No.34 dated 29th January, 2016 vide...
Customs & Central Excise Amendments–Budget 2015
Important changes in respect of Customs and Central Excise duty and legislative changes are contained in the four Annexes appended to this letter:
(i) Annex...