1981 Circular of the Board clarifies that losses of up to 1% can be allowed without detailed scrutiny and loss above 1% can be condoned after scrutiny, we find no reason to not condone losses in these cases as claimed.
CBIC extends anti-dumping duty on imports of Toluene Di isocyanate for a period of 5 years unless revoked earlier vide Notification No. 28/2022-Customs (ADD) | Dated: 21st September, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 28/2022-Customs (ADD) | Dated: 21st September, 2022 G.S.R. 717(E).—Whereas, the designated authority, vide notification No. 7/26/2021-DGTR, dated […]
CBIC notifies Notification No. 80/2022-Customs (N.T.) | Dated: 21st September, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 80/2022-Customs (N.T.) | Dated: 21st September, 2022 G.S.R. 718(E).—In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, […]
There have been some media reports which states that ‘Oil Ministry seeks windfall tax review’. The reports, quoting Ministry of Petroleum & Natural Gas’ letter of August, 2022 have stated that the Ministry has sought changes in the levy of Special Additional Excise Duty (SAED). These reports are misleading. It is clarified that the levy […]
These Regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022.
These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2022.
Ehtesham Qutubuddin Siddique Vs CPIO, Ministry Of Home Affairs (Delhi High Court) Petitioner sought information by way of RTI application requiring disclosure of the proposal and all documents in the Department’s file regarding issuance of the notification under Section 45(1) of the Unlawful Activity (Prevention) Act 1967 (UPPA, 1967). CIC while upholding the view taken […]
HC held that domain name https://india-mart.co/ shall be immediately blocked. MeitY/DoT to issue blocking orders within 24 hours from receipt of present order.
Assessee to satisfy the authority by submitting Crypto currency ledger to verify information as was submitted by him before AO in proceedings under Section 148A
On the anti-smuggling side, last week saw the Directorate of Revenue Intelligence (DRI) interdict a consignment declared as ‘Floor Clean Mops’. Examination revealed more than 200,000 e-cigarettes, valued in excess of Rs. 48 Crore, concealed in container.
