"21 February 2023" Archive

Amendment in Circular No. 26/2016-Customs dated 09.06.2016

Circular No. 05/2023-Customs 21/02/2023

It has been brought to notice that cases of such antecedent verification arc lacing unreasonable delays at certain field formations. In order to ensure that this task is completed in a time hound manner. it has been decided to amend the aforesaid Circular 26/2016-Customs by inserting the following sentence at the end of Para 4.1...

CBIC amends details of ex-bond Bill of Entry / Shipping Bill in Form A

Circular No. 04/2023-Customs 21/02/2023

F. No. 483/01/2020-LC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs Room No. 227 A. North Block, New Delhi *** Circular No. 04/2023-Customs Dated 21st February, 2023 To. All Principal Chief Commissioners/ Chief Commissioners of Customs All Principal Chief Commissioners/ Chief C...

Amendment in Import Policy condition of Cashew Kernels (Broken/ whole)

Notification No. 59/2015-2020 [S.O. 796(E)] 21/02/2023

Minimum Import Price (MIP) on Cashew kernel (broken / whole) will not be applicable for imports by 100% Export Oriented Units (EOUs) and units in the SEZs subject to the condition that the imported Cashew Kernels are not sold into Domestic Tariff Area (DTA)....

CBDT amends Audit Report Format of Trust (Form No. 10B) & Rule 16CC & 17B

Notification No. 7/2023-Income Tax, [G.S.R. 118(E)] 21/02/2023

CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case of charitable or religious trusts, etc. and ‘FORM No. 10B – Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii) of clause (b) of […]...

NPS/APY Functionalities released by CRAs during Quarter III (FY 2022-23)

Circular no: PFRDA 2023/08/SUP-CRA 04 21/02/2023

Pension Fund Regulatory and Development Authority Circular no: PFRDA 2023/08/SUP-CRA 04 Dated: 21st Feb 2023 To All stakeholders under NPS Subject: NPS/APY Functionalities released by CRAs during Quarter III (FY 2022-23) The Central Record Keeping Agencies (CRAs) appointed by PFRDA develop system level functionalities as per the evolving ...

Pre-deposit mandatory under section 129E of the Customs Act in gold smuggled case

Aziz Fakirmohamed Sumbhaniya Vs  Union of India (Gujarat High Court)

Gujarat High Court held that looking at the kind of quantum of gold smuggled in India, it is impossible to accept that petitioner has no financial capacity. Accordingly, pre-deposit mandatory under section 129E of the Customs Act for further proceedings....

Notice for revocation of customs broker license issued beyond 90 days of offence report is unsustainable

Him Logistics Pvt. Ltd Vs Commissioner of Customs (Delhi High Court)

Delhi High Court held that as per regulation 17(1) of Customs Brokers Licensing Regulations 2018, notice for revocation of license to the customs broker is to be issued within a period of 90 days from the receipt of offence report. Order unsustainable as notice issued beyond the period of 90 days,...

Regulatory Requirement for Obtaining License for Tabacco Manufacturing in India

The licensing for Tabacco manufacturing is regulated by The Cigarettes And Other Tobacco Products (Prohibition Of Advertisement And Regulation Of Trade And Commerce, Production, Supply And Distribution) Act, 2003, Section 7 of the act which provides for Restrictions on trade,  commerce, production, and other conducts related to tobacco p...

Posted Under: Custom Duty |

Short Note on Minimum Wages Act / Payment of Wages Act / Equal Remuneration Act – Statutory Compliance

Minimum Wages Act, 1952 – Statutory Compliance Applicability:- It is applicable to all shop or establishment in India. Return:- Annual Due Date:- 1st February 2023 Compliances:- a) Maintenance of Combined Muster Roll-cum-Register of Wages b) Maintenance of Combined Registers of Fines, Deduction for Damage or Loss and Advance c) Main...

Posted Under: Custom Duty |

आम,साधारण,छोटे वरिष्ठ शेयरधारकों की समस्या निदान हेतु प्रचलित कानून अंतर्गत ही ठोस सुझाव

मेरे अनेक वरिष्ठ मित्र भौतिक शेयरों को लेकर काफी परेशान हैं हालाँकि सेबी ने निवेशकों के हितार्थ नियमों में कुछ संशोधन किये हैं ल...

Posted Under: Custom Duty |

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September 2023