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Archive: 25 November 2022

Posts in 25 November 2022

Export of wheat flour (atta) allowed under Advance Authorization Scheme

November 25, 2022 2217 Views 0 comment Print

The SION-El 10 stands deleted. The export of wheat flour (atta) is allowed under Advance Authorization Scheme. Accordingly, a new SION has been notified and import of ‘Wheat’ is placed under Appendix 4J with pre-import condition. Domestic procurement is not allowed in case of such Advance Authorization. Government of India Ministry of Commerce and Industry […]

Description of export & import item of SION J-222 in Textile Product Group amended

November 25, 2022 1296 Views 0 comment Print

The description of export item and import item of SION J-222 in Textile Product Group stands amended with immediate effect vide Public Notice No. 37/2015-2020-DGFT Dated 25th November, 2022. Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Vanijya Bhawan, New Delhi Public Notice No. 37/2015-2020-DGFT Dated 25th November, […]

Insuring India by 2047 – New landscape for Insurance Sector

November 25, 2022 2880 Views 0 comment Print

IRDAI has committed to enable ‘Insurance for All’ by 2047, where every citizen has an appropriate life, health and property insurance cover and every enterprise is supported by appropriate insurance solutions and also to make Indian insurance sector globally attractive.

PF/ESI/EPF paid before filing return of income allowable

November 25, 2022 3135 Views 0 comment Print

PCIT Vs Pro Interactive Service (India) Pvt. Ltd (Delhi High Court) In view of the judgments of the Division Bench of Delhi High Court in Commissioner of Income-Tax versus Aimil Limited, (2010) 321 ITR 508 (Del) the issue is covered against the Revenue and, therefore, no substantial question of law arises for consideration in this […]

Benami transactions or Benami property

November 25, 2022 4773 Views 1 comment Print

Understand the impact of Benami transactions and property dealings. Learn about the legal implications and consequences of such transactions.

Services to Educational Boards – Sub contractor not eligible to claim exemption

November 25, 2022 1224 Views 0 comment Print

In re Magnetic Infotech Pvt Ltd. (GST AAAR Telangana) Exemption not available to sub-contractor on services provided to educational institutions on behalf of main contractor The AAAR, Telangana in the matter of M/s Magnetic Infotech Private Limited [Order-in-Appeal No. AAAR/13/2022 dated November 22, 2022] has ruled that the sub-contractor is not entitled to claim Goods […]

Data Centre Switch Router models lassifiable under sub-heading 85176290

November 25, 2022 795 Views 0 comment Print

CAAR rule that Data Centre Switch Router models specified in para 2 are classifiable under sub-heading 85176290 of first schedule to Customs Tariff Act, 1975 and are eligible to avail benefit under Sr. No. 13N of Notification No. 24/2005-Customs

Data Center Switch models capable to be used as carrier ethernet switches classifiable under sub-heading 85176290

November 25, 2022 1617 Views 0 comment Print

In re Ingram Micro India Pvt. Ltd (CAAR Mumbai) M/s Ingram Micro India Private Limited filed an application on 17.08.2022 seeking advance rulings on the classification of 18 different series of data centre switch models and applicability of Sr. No. 20 of Notification No. 50/2017-Customs, dated 30.06.2017 on these devices. 2. The applicant is a […]

Mould Base merit classification under Sub-heading 84807900

November 25, 2022 945 Views 0 comment Print

In re SMI-Amtek Cranshaft Pvt. Ltd (CAAR Delhi) CAAR note that the applicants intend to import specially designed, cut-to-shape & size goods said to be mould bases. It is also confirmed by the authorized representative that question posed for advance ruling is not pending before the officer of Customs and no dispute has arisen at […]

Classification of Laser Jet Printer should be based on its primary function

November 25, 2022 1011 Views 0 comment Print

In re HP India Sales Pvt. Ltd. (CAAR Delhi) The moot question is as to whether or not, the items, i.e printers in question, in absence of formatter board and firmware have the essential character of a printer. To arrive at the conclusion, I intend to refer to a few judgments. In the case of Jaypee […]

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