DGFT Notification No. 14/2023, has introduced amendments to Category 5B of Appendix 3 (SCOMET Items) to Schedule 2 of the ITCHS classification. The amendments simplify and liberalize the SCOMET policy for the export of drones and unmanned aerial vehicles (UAVs). The notification provides details on the revised categories, including exemptions and conditions for General Authorization for Export of Drones (GAED). Read more for a comprehensive analysis of the amendments and their impact.
Read the interpretative letter issued by the Securities and Exchange Board of India (SEBI) in response to Vidli Restaurants Limited’s request for informal guidance on Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The letter discusses the proposed transaction involving the transfer of shares and voting rights within the promoter group and provides clarification on open offer obligations and exemptions.
DGGI in Gurugram has successfully dismantled a massive network of fake entities involved in fraudulent tax practices. The operation has prevented a tax evasion amounting to Rs. 1,124.66 crore, safeguarding the government exchequer.
Unravel the complexity of the case between Amadeus Software Labs India Pvt Ltd and the Commissioner of Central Tax (CESTAT Bangalore), involving ambiguity over the jurisdiction for a second appeal in tax rebate matters.
RBI has issued a circular allowing remittances to International Financial Services Centres (IFSCs) for the purpose of ‘studies abroad’ under the Liberalised Remittance Scheme (LRS). This move expands the scope of permissible transactions in IFSCs and benefits resident individuals pursuing courses mentioned in the gazette notification.
ITAT Hyderabad’s decision on Shridhar Madhav Diwan vs DCIT case emphasizes re-examination of denied foreign tax credit due to late Form No. 67, aligning with DTAA provisions and Income Tax Rules.
A discussion on ITAT Ahmedabad’s ruling condoning the late filing of an appeal due to the negligence of the tax practitioner, in the case of Sanjeev Harshadrai Sheth Vs ITO.
Learn about the fixation and review of norms of advance authorization through the new online Norms Fixation IT module. Find out how to apply, access help and FAQs, and contact the DGFT for assistance. Stay updated with the latest guidelines for exporters and importers.
A comprehensive review of the case National Building Construction Corporation Limited vs Commissioner of Central Excise & Service Tax, exploring the impact of the correct classification under Section 65(105)(zzd) for construction contracts.
Read the SEBI Master Circular on Issue of Capital and Disclosure Requirements, covering non-compliance, rights issues, disclosures, online filing, and compensation to investors.
