Institute of Cost Accountants of India conducted election of President and Vice-President . CMA Vijender Sharma has been elected as the President and CMA Rakesh Bhalla has been elected as the Vice-President of for the year 2022-23.
Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022 vide Notification No. 99/2022-Customs (N.T.), Dated: 29.11.2022. Exemption from deposits in ECL for specified goods u/s 51A(4) of the Customs Act now w.e.f. April 1, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, Notification No. 99/2022-Customs (N.T.) […]
Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022 – vide Notification No. 98/2022-Customs (N.T.), Dated: 29.11.2022. CBIC exempts from maintaining deposits in ECL under Customs Act w.e.f. June 01, 2022 has been extended upto March 31, 2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification […]
ITAT Mumbai held that disallowance of payment towards PF and ESI contributions, under section 36(1)(va) r.w.s. 2(24)(x) when payment made well before due date of filing Income Tax Return u/s 139(1) is unsustainable even if reported by the auditor in tax audit report.
ITAT Mumbai held that exemption under section 54 for the amount invested towards the purchase of new residential property under consideration up to the date of filing of belated return under section 139(4) of the Income Tax Act.
Amendment to Instruction No 18/2022-Customs dated 12.08.2022 and 26/2022-Customs dated 06.10.2022 regarding extension of Requirement of Health Certificate accompanied with the import of food consignments-
Under SWIFT, the FSSAI and PQ are connected through online message exchange with their own systems, while the remaining four PGAs use ICES for providing online NoC. Further, vide Circular No. 01/2017-Cus dated 04.01.2017, the facility for automatic routing of Bills of Entry (BOEs) of WCCB for NoC in exports in SWIFT was introduced.
Delhi High Court held that penalty order passed beyond the time period prescribed under section 275(1)(c) of the Act i.e. after the lapse of six months from the end of the month in which the penalty proceedings were initiated is liable to be set aside.
Anti-dumping Duty on Cast Aluminum Alloy Wheels or Alloy Road Wheels (ARW) used in motor vehicles originating or exported from China PR – Notification No. 30/2022 – Customs (ADD) | Dated: 28th November, 2022 – Seeks to Amend Notification No.17/2019-Customs (ADD) Dated 9th April, 2019. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 30/2022 […]
ITAT Mumbai held that compensation received in respect of award/ agreement under Section 96 of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 is not taxable under Income Tax Act, 1961.
