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Risks of Climate Change Are The Strongest Negative Externalities That Affect India And Other Countries: Union Budget 2022-23

February 1, 2022 462 Views 0 comment Print

The government aims to attain the vision of promoting energy transition and climate action during the Amrit kaal. While presenting the Union Budget 2022-23 in Parliament today, Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, laid emphasis on this vision and put the same as one of the important priorities of the country for moving forward.

Conditions for ESIC COVID-19 Relief Scheme relaxed

February 1, 2022 972 Views 0 comment Print

The deceased Insured Person must have been in employment on the date of diagnosis of COVID19 disease and contributions for at least 35 days should have been paid or payable in respect of him / her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death.

Union Budget Proposes to Form High-Level Committee to Refine Urban Development for a Paradigm Change

February 1, 2022 300 Views 0 comment Print

FM proposed to form a high-level committee of reputed urban planners, urban economists and institutions to make recommendations on urban sector policies, capacity building, planning, implementation and governance to steer a paradigm change

Highlights of The Union Budget 2022-23

February 1, 2022 48744 Views 2 comments Print

HIGHLIGHTS OF THE UNION BUDGET 2022-23 The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART A India’s […]

Govt amends notification No. 25/1999-Customs to omit redundant entries

February 1, 2022 5445 Views 0 comment Print

Seeks to amend notification No. 25/1999-Customs dated 28.02.1999 to omit redundant and obsolete entries. vide Notification No. 14/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 14/2022-Customs New Delhi, the 1st February, 2022 G.S.R.88(E). […]

Govt to implement graded BCD structure for smart meters and its parts

February 1, 2022 2670 Views 0 comment Print

Seeks to implement a graded BCD structure for smart meters and its parts, sub-parts and sub-assembly vide Notification No. 13/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 13/2022-Customs New Delhi, the 1st February, 2022 […]

Adjustment of section 14A disallowance cannot be made while computing Section 115JB Book Profits

February 1, 2022 1551 Views 0 comment Print

ITAT held that adjustment of disallowance u/s 14A could not be made while computing Book Profits u/s 115JB as per the decision of Special Bench of Delhi Tribunal in ACIT V/s Vireet Investment (P) Ltd. (165 ITD 27) as well as the recent decision of Hon’ble Karnataka High Court in Sobha Developers Ltd. V/s DCIT (2021; 125 com 72).

Govt reduces export duty on raw hides and skins of buffalo

February 1, 2022 3021 Views 0 comment Print

Seeks to amend notification No. 27/2011-Customs dated 01.03.2011 to omit redundant entries and reduce export duty on raw hides and skins of buffalo vide Notification No. 10/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification […]

CBIC exempts AIDC/Health cess/RIC on goods imported under certain Notifications

February 1, 2022 1485 Views 0 comment Print

Seeks to amend  Notification No. 104/2010-Customs, dated the 1st October, 2010, Notification No.38/96-Customs, dated the 23rdJuly, 1996, Notification 40/2017-Customs, dated the 30thJune, 2017, Notification 60/2011-Customs, dated the 14thJuly, 2011, Notification 148/94-CUSTOMS, dated the 13thJuly, 1994 to exempt AIDC/Health cess/RIC on goods imported under the said notifications vide Notification No. 08/2022-Customs Dated 1st February, 2022 to give […]

CBIC withdraws notifications prescribing additional custom duty on transformer oil import

February 1, 2022 1449 Views 0 comment Print

Seeks to rescind notification Nos. 190/1978-Customs and 191/1978-Customs both dated 22th September, 1978 prescribing additional duty of customs on imports of transformer oil equivalent to such portion of the excise duty leviable on the raw material commonly known as transformer oil base stock or transformer oil feedstock vide Notification No. 04/2022-Customs Dated 1st February, 2022 […]

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