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Archive: 09 December 2022

Posts in 09 December 2022

Customs broker doesn’t require to obtain certificate of bonafide exporter from any officer

December 9, 2022 588 Views 0 comment Print

CESTAT Delhi held that Customs broker is not required obtain any Recommendation or a certificate from any officer that the exporter is bonafide. Accordingly, order alleging violation of regulation 10(n) of CBLR unsustainable.

Addition unsustainable as genuineness of transaction proved

December 9, 2022 1599 Views 0 comment Print

ITAT Ahmedabad held that assessee has produced many evidences to provide genuineness of the transactions and hence addition confirmed by CIT(A) is liable to be deleted.

TDS credit available in year in which corresponding income is offered to tax

December 9, 2022 12819 Views 0 comment Print

ITAT Chennai held that TDS credit of the earlier financial years is available as income relating to said TDS has been offered to tax for the impugned assessment years on the basis of mercantile system of accounting.

Postal Export (Electronic Declaration and Processing) Regulations, 2022

December 9, 2022 2574 Views 0 comment Print

These regulations may be called the Postal Export (Electronic Declaration and Processing) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.

Section 194J –Technical Service v/s Professional Service

December 9, 2022 31230 Views 0 comment Print

The article is all about the confusion in both the definitions. If we read both the definitions, at first glance it seems overlapping because there is mention of technical consultancy in the definition of professional services as well as technical consultancy is also mentioned under definition of fees for technical services.

Exports by Post (Amendment) Regulations, 2022

December 9, 2022 912 Views 0 comment Print

These regulations may be called the Exports by Post (Amendment) Regulations, 2022. They shall come into force on the date of their publication in the Official Gazette.

Tax planning for Individuals

December 9, 2022 6483 Views 1 comment Print

Explore effective tax planning strategies for individuals as the year-end approaches. Discover deductions under various sections like 80C, 80D, 80E, and more. Maximize savings and minimize tax liability.

One Nation One Housing Policy Prepared and Documented For Indian Sub-Continent

December 9, 2022 1146 Views 3 comments Print

Explore the One Nation One Housing Policy aligned with Sustainable Development Goal 2030. Understand the vision for affordable housing, a fundamental right for all.

RODTEP Benefit Extended to Chemicals, Pharma and Steel Sector

December 9, 2022 3951 Views 0 comment Print

Commerce Ministry finally allowed RODTEP benefit to Chemical, Pharma and Steel Sector for the Exports transactions undertaken between 15 December 2022 to 30 September 2023 which was a long pending demand from the industry. The benefit is being expanded to these industry to boost exports will cost around 1000 Crore to the industry. The Scheme […]

CBEC Circular related to valuation of goods sold to independent and related parties is not violative of central excise laws

December 9, 2022 1269 Views 0 comment Print

Circular No. 643/34/2002-CX dated July 1, 2002, issued by CBEC clarifying the doubts regarding Valuation Rules with respect to goods when sold partly to related persons and partly to independent buyers, is not violative of Central Excise Act 1994 and Central Excise Valuation Rules 2000.

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