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ROC reduces penalty for not filing Annual Returns considering alleged fraud by Ex-Director

February 6, 2023 1440 Views 0 comment Print

Authorized Representatives have appeared for the Appellants, while reiterating the grounds taken in the appeal had stated that the Company was not in a position to conduct the AGM and file the statutory returns in time, as Shri. Shahul Hammed, Ex-Director who was in-charge of banking, accounting and maintaining of registers, has misappropriated the company’s […]

Sebi may allow AIFs to carry forward unliquidated investments to new scheme

February 4, 2023 1662 Views 0 comment Print

Consultation Paper on providing option to Alternative Investment Funds and their investors to carry forward unliquidated investments of a scheme upon completion of its tenure

Govt increases SAED on Diesel to Rs. 6 per litre

February 3, 2023 1524 Views 0 comment Print

Vide Notification No. 07/2023-Central Excise, Dated: 03.02.2023 Government increases Special Additional Excise Duty on Diesel to Rs. 6.00 per litre with effect from 4th day of February, 2023 from existing Rs. 3.50 per litre.

SAED on production of Petroleum Crude & export of ATF increased wef 4.2.2023

February 3, 2023 762 Views 0 comment Print

Government increases Special Additional Excise Duty from 4th day of February, 2023 on production of Petroleum Crude to Rs. 5050 per tonne from 1900 per tonne and to Rs. 6  per litre from Rs. 3.50 per litre on export of Aviation turbine Fuel vide Notification No. 06/2023-Central Excise, Dated: 03.02.2023 MINISTRY OF FINANCE (Department of Revenue) New […]

Offences and Penal Provisions under Customs Act, 1962

February 3, 2023 57960 Views 0 comment Print

Learn more about offences & penal provisions under Customs Act, 1962. Persons performing import/export activities without following prohibited/restricted rules are liable for confiscation of goods & penalties. Discover more about smuggling & commercial fraud & their consequences.

Less Charge Demand under Customs: Legal Provisions & Procedures

February 3, 2023 3702 Views 0 comment Print

Section 28 of the Customs Act, 1962 enables the recovery of duties that have not been levied, have been short levied, or have been erroneously refunded.

Merchant Overtime Fee under Customs Act, 1962

February 3, 2023 13842 Views 0 comment Print

Learn more about Merchant Overtime Fee requirements under the Customs Act, 1962, and how to comply with such requests when working with Customs. Explore the perishable cargo, life-saving drugs, and other consignments that require immediate clearance.

Consolidation of Cargo under Customs Act, 1962

February 3, 2023 2628 Views 0 comment Print

Clear cargo with Customs at an ICD/CFS from gateway ports with Consolidation of Cargo under Customs Act, 1962. Discover ICDs/CFSs near you to get your goods exported/imported without re-opening sealed containers. Learn more.

Arrival of Conveyances and Related Procedures under Customs

February 3, 2023 4764 Views 0 comment Print

Find out the arrival of conveyances to Customs ports and procedures under Customs Act. Know about the Customs control on imports and exports and how it is manifested.

Procedure for Clearance of Imported and Export Goods

February 3, 2023 23520 Views 1 comment Print

Clearance of imported and export goods – Learn the procedure to comply with Customs clearance formalities, ensuring correct declarations made with reference to documents and information for verification.

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