Principal Commissioner of Customs (Import) Vs M/s. Omya & Company (CESTAT Delhi) SAD is applicable at the time of import by way of an equitable levy in lieu of sales tax, so as to protect the domestic industry. Further, the Customs Tariff Act itself provides for refund of SAD on re-sale of the goods. The […]
In Re Aryan Contractor Pvt Ltd (GST AAR Maharashtra) The questions for obtaining an Advance Ruling can be asked by a supplier of goods or services or both, only in relation to the supply being undertaken or proposed to be undertaken and not in relation to any supply of goods or services or both which […]
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under India-UAE Comprehensive Economic Partnership Agreement (India-UAE CEPA) w.e.f. 01st May 2022
Exposure Draft of revised AS 108, Segment Reporting has been issued by the ASB for comments with the last date being May 28, 2022. The objective of this Standard is to establish principles for reporting financial information, about the different types of products and services an entity produces and the different geographical areas in which it operates. Such information helps users of financial statements:
CBIC notifies Rate of Exchange of South African Rand against Indian Rupees with effect from 30th April, 2022 vide Exchange rates Notification No. 38/2022-Customs (N.T.) dated 29th April, 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 38/2022-Customs (N.T.) New Delhi, dated the 29th […]
Just like the new Income Tax E-Filing Portal, the new exclusive Portal (“MCA V3 LLP Portal”) for filing of LLP (Limited Liability Partnership) forms which aimed high at easing out the various filings, has failed to deliver on time. Kindly understand the following chronology for the same:
Government of India has approved the continuation of the Interest Subvention Scheme (ISS) with modifications for the financial year 2021-22. Reserve Bank of India RBI/2022-23/35 FIDD.CO.FSD.BC.No.3/05.02.001/2022-23 April 28, 2022 The Chairman / Managing Director / Chief Executive Officer All Public Sector Banks, Private Sector Banks and Small Finance Banks Madam/Dear Sir, Modified Interest Subvention Scheme […]
CBIC imposes anti-dumping duty on N,N-Dicyclohexyl Carbodiimide (DCC) originating in or exported from China PR for a period of 5 years vide Notification No. 12/2022-Customs (ADD), Dated: 28.04.2022. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 28th April, 2022 Notification No. 12/2022-Customs (ADD) G.S.R. 321(E).—Whereas, in the matter of “N, N’ – Dicyclohexyl […]
The requirement to submit quarterly ALM returns regarding Asset Liability Management and Stress Testing (for life insurers) is dispensed with, except for Domestic Systemically Important Insurers.
CGST Commissionerate Mumbai South Arrests Co-conspirator in a Fake Input Tax Credit Claim of Rs. 11.07 Cr; Proprietor arrested earlier CGST Mumbai South Commissionerate has detected tax evasion of Rs. 876 Crores, recovered Rs. 14.4 Crores so far Anti-Evasion Unit of Mumbai South CGST Commissionerate has arrested the co-conspirator in a case of M/s New […]
