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CBIC includes Sierra Leone in list for tariff concession on import from specified countries

October 22, 2021 882 Views 0 comment Print

Seeks to amend notification No. 96/2008- Customs dated 13.08.2008 to include Sierra Leone to allow tariff concession in import from notified Least Developed Countries. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 22nd October, 2021 Notification No. 50/2021-Customs G.S.R. 756(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs […]

Sovereign Gold Bond Scheme 2021-22

October 21, 2021 3003 Views 0 comment Print

(i) This scheme may be called the Sovereign Gold Bond Scheme 2021-22. (ii) There will be a distinct Series (starting from Series VII) for every tranche which will be indicated on the Bond issued to the investor. (ii) It shall come into force on the date of its publication in the Official Gazette.

Reg. Multiple requests made for change in CFS for particular bill of lading /consignments

October 20, 2021 621 Views 0 comment Print

It is hereby instructed to all concerned that in cases of multiple requests made for change in CFS for particular bill of lading /consignments, the latest request for change of CFS shall be taken as final request.

Advisory for taxpayers on Form GSTR-2B

October 18, 2021 13863 Views 0 comment Print

Form GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by their suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor).

SEZ: Guidelines for change of name/shareholding pattern/constitution/Directors etc.

October 18, 2021 13290 Views 0 comment Print

Guidelines regarding reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, change of Directors, etc. of SEZ Developers / Co-developers as well as SEZ Units.

Enlisted agencies can issue CoO (NP) on all India basis w.e.f. 01.11.2021

October 18, 2021 834 Views 0 comment Print

All agencies enlisted under Appendix 2E of FTP-2015-20, who have on-boarded on Common Digital Platform for electronic Certificate of Origin (Non – Preferential), can issue CoO (NP) on all India basis w.e.f. 01.11.2021. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan, New Delhi Dated the […]

Word ‘erroneous’ in section 263 includes failure to make such an inquiry

October 15, 2021 3522 Views 0 comment Print

JNS Instruments Ltd. Vs PCIT (ITAT Delhi)  The Commissioner can regard the order as erroneous on the ground that in the circumstances of the case the Income-tax Officer should have made further inquiries before accepting the statements made by the assessee in his return.The reason is obvious. The position and function of the Income Tax […]

ICSI Enrolment Guidelines for December, 2021 Examination

October 14, 2021 8019 Views 0 comment Print

Foundation Programme Examination for December, 2021 Session will be held on 3rd and 4th January, 2022 in anywhere mode through remote proctoring. For detailed time table please refer website of the Institute www.icsi.edu

ADD on Aceto Acetyl Derivatives of aromatic or hetrocyclic compounds

October 14, 2021 1854 Views 0 comment Print

CBIC Seeks to levy of ADD on Aceto Acetyl Derivatives of aromatic or hetrocyclic compounds also known as Arylides originating in or imported from China PR vide Notification No. 60/2021 -Customs (ADD) Dated: 14th October, 2021. MINISTRY OF FINANCE NOTIFICATION New Delhi, the 14th October, 2021 Notification No. 60/2021 -Customs (ADD) G.S.R.739(E).—Whereas, in the matter […]

Govt removes restriction on Export of Diagnostic kits

October 14, 2021 1710 Views 0 comment Print

The export policy of all diagnostic kits and reagents (including instruments/ apparatus), made ‘Restricted’ vide Notification No. 09/2015-20 dated 10.06.2020 and Notification No. 18/2015-20 dated 16.08.2021 is being made ‘Free’ with immediate effect. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade UdyogBhawan New Delhi New Delhi, Dated: […]

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