"25 November 2022" Archive

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

Public Notice No. 38/2015-2020-DGFT 25/11/2022

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 Min...

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

Public Notice No. 37/2015-2020-DGFT [F. No. 01/94/180/140/AM-22/PC-4] 25/11/2022

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 No...

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Insuring India by 2047 – New landscape for Insurance Sector

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....

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Posted Under: DGFT |

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

PCIT Vs Pro Interactive Service (India) Pvt. Ltd (Delhi High Court)

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 [&helli...

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Benami transactions or Benami property

In a previous couple of months, we’ve seen a serious quelling on Benami properties and their house owners by the govt… Specialized Anti-Benami units are got wind of by the taxation department across the country and in virtually every state and thousands of properties already stand connected beneath the Prohibition of Benami Pr...

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Posted Under: DGFT |

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

In re Magnetic Infotech Pvt Ltd. (GST AAAR Telangana)

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-contracto...

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Data Centre Switch Router models lassifiable under sub-heading 85176290

In re Ingram Micro India Pvt. Ltd (CAAR Mumbai)

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...

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

In re Ingram Micro India Pvt. Ltd (CAAR Mumbai)

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...

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Mould Base merit classification under Sub-heading 84807900

In re SMI-Amtek Cranshaft Pvt. Ltd (CAAR Delhi)

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 [&he...

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

In re HP India Sales Pvt. Ltd. (CAAR Delhi)

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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