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Record-revenue collection of Rs. 1.20 lakh crore for January 2021

February 1, 2021 645 Views 0 comment Print

Field formations, both on the GST and Customs sides, have striven hard and are part of a record-setting revenue collection of about Rs. 1.20 lakh crore for the month of January, 2021.

CBIC exempt E-20 fuel from Road and Infrastructure Cess

February 1, 2021 561 Views 0 comment Print

Budget 2021- CBIC Seeks to exempt E-20 fuel from Road and Infrastructure Cess – Notification No. 06/2021-Central Excise Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 06/2021-Central Excise New Delhi, the 1st February, 2021 G.S.R. 88(E).- In exercise of the powers conferred by sub-section (1) of section 5A […]

CBIC exempt Agriculture Infrastructure and Development Cess on blended fuels

February 1, 2021 2709 Views 0 comment Print

Budget 2021- Seeks to exempt Agriculture Infrastructure and Development Cess on blended fuels- Notification No. 03/2021-Central Excise Dated 1st February, 2021 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2021-Central Excise New Delhi, the 1st February, 2021 G.S.R 85 (E). – In exercise of the powers conferred by section 5A of the […]

Customs Tariff (Identification and Assessment of Safeguard Duty) Amendment Rules, 2021

February 1, 2021 1821 Views 0 comment Print

Budget 2021- Seeks to further amend Customs Tariff (Identification and Assessment of Safeguard Duty) Rules, 1997 to provide for the manner of application of safeguard measures including tariff-rate quota and make certain other miscellaneous changes. Notification No. 12/2021-Customs (N.T.) Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 12/2021-Customs […]

Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2021

February 1, 2021 1020 Views 0 comment Print

Budget 2021- Customs Tariff (Identification, Assessment Collection Anti-dumping Duty Dumped Articles  Determination Injury) Amendment Rules, 2021- Seeks to further amend Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 to enable provisional assessment in anti-circumvention investigation and make certain other miscellaneous changes. – Notification No. […]

Budget 2021-22: The Queen’s Gambit

February 1, 2021 1317 Views 0 comment Print

An assessment of today’s budget might want to start by listing the myriad challenges that the finance minister faced. Mercifully, the economy seems on the mend and the nominal GDP growth of 14.4 per cent assumed in the budget for 2021-22 looks impressive. However, some the fizz in the number comes from the extraordinarily low denominator of 2020-21 due to the 7.7 per cent contraction in real GDP.

Deployment of electronic facility at Employer Interface of EPFO’s Unified Portal

February 1, 2021 4794 Views 0 comment Print

Deployment of electronic facility at Employer Interface of EPFO’s Unified Portal for Principal Employers to view EPF compliances of their Contractors & contract workers EMPLOYEES PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, Govt. of India) Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi-110 066. No. C-I/011(16)2020-21/ABRY/1179 Date: 01.02.2021 To, All Addl. CPFCs in […]

Rate of Agriculture Infrastructure & Development Cess for specified goods

February 1, 2021 12585 Views 0 comment Print

Budget 2021- Seeks to prescribe effective rate of Agriculture Infrastructure and Development Cess for specified goods. – Notification No. 11/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2021-Customs New Delhi, the 1st February, 2021. G.S.R.69(E).– In exercise of the powers conferred by sub-section (1) of section 25 […]

List of specified projects under heading 9801 of First Schedule to CTA amended

February 1, 2021 1158 Views 0 comment Print

Budget 2021– Seeks to further amend No. 42/96 – Customs, dated the 23rd July, 1996 so as to make suitable amendments to the list of specified projects under heading 9801 of the First Schedule to the Customs Tariff Act (CTA). – Notification No. 9/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT […]

CBIC withdraw BCD exemption on specified parts of transformers

February 1, 2021 903 Views 0 comment Print

Budget 2021- Seeks to further amend notification No. 25/99-Customs dated 28th February, 1999 so as to withdraw BCD exemption on the specified parts of transformers- Notification No. 4/2021-Customs Dated 1st February, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 04/2021-Customs New Delhi, the 1st February, 2021 G.S.R.62(E). – In exercise of […]

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