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Graded BCD structure for wearable devices and its parts, sub-parts & subassembly

February 1, 2022 3789 Views 0 comment Print

Seeks to implement a graded BCD structure for wearable devices and its parts, sub-parts and subassembly vide Notification No. 11/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2022-Customs New Delhi, the 1st February, […]

CBIC amends 9 custom notifications to prescribe end-dates as per Section 25(4A)

February 1, 2022 2469 Views 0 comment Print

Seeks to amend notification Nos. 146/94-Customs, 147/94-Customs, 39/96-Customs, 50/96-Customs, 30/2004-Customs, 81/2005-Customs, 5/2017-Customs, 16/2017-Customs, 32/2017-Customs to prescribe end-dates as per Section 25(4A) of Customs Act, 1962 vide Notification No. 10/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF […]

Custom duty rate amended on certain Textile items upto 30.04.2022

February 1, 2022 2406 Views 0 comment Print

Seeks to further amend Notification No. 82/2017- Customs dated 27.10.2017 to prescribe effective rate on certain Textile items upto 30.04.2022 vide Notification No. 07/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. Government of India Ministry of Finance (Department of Revenue) Notification No. 07/2022-Customs New […]

CBIC amends amend Notification No. 52 and 37/2017-Customs

February 1, 2022 3333 Views 0 comment Print

Seeks to further amend Notification Nos. 52/2017- Customs dated 30.06.2017 and  Notification No. 37/2017- Customs, dated the 30th June, 2017, to remove entries which are being operated from the First Schedule to the Customs Tariff Act and certain redundant entries vide Notification No. 06/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide […]

CBIC withdraws 15 redundant Custom Duty Notifications

February 1, 2022 1122 Views 0 comment Print

Seeks to rescind 10/1995-Customs, dated the 7th March, 1995, 26/1999- Customs, dated the 28th February, 1999, 27/2004- Customs, dated the 23rd January, 2004, 14/2006- Customs, dated the 1st March, 2006, 48/2006- Customs, dated the 26th May, 2006, 90/2007- Customs, dated the 26th July, 2007, 8/2011- Customs, dated the 14th February, 2011, 24/2011- Customs, dated the […]

Govt amends Basic Customs Duty (BCD) rates wef 02.02.2022

February 1, 2022 34644 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD) vide Notification No. 02/2022-Customs Dated 1st February, 2022 to give effect to Changes prescribed vide Union Budget 2022-23 i.e. Finance Bill 2022. New Delhi, the 1st February, 2022 GOVERNMENT OF INDIA MINISTRY OF FINANCE […]

Fabrication of documents not permissible even if it not cause loss to revenue: SC

February 1, 2022 5061 Views 0 comment Print

Even  assuming for a moment that the petitioners produced fake and fabricated documents, that has not caused any wrongful loss to the Government. Hence, this Court is of the view that a registration of crime and conducting investigation are abuse of process of law and, hence, the proceedings in the crime are liable to be quashed.

Constitution (Scheduled Tribes) Order (Amendment) Bill, 2022 introduced in Lok Sabha

January 31, 2022 1740 Views 0 comment Print

Constitution (Scheduled Tribes) Order (Amendment) Bill, 2022 seeks to amend the Constitution (Scheduled Tribes) Order, 1950, by amending the list of Scheduled Tribes in the State of Tripura. The amendment in the list of Scheduled Tribes relating to the State of Tripura may entail additional expenditure on account of benefits to be provided to the persons belonging to the communities proposed in the Bill under the continuing schemes meant for the welfare of the Scheduled Tribes.

Bad Debts allowable if written off in books of account despite non-reply by such debtor to Section 133(6) notice

January 31, 2022 1533 Views 0 comment Print

GBT India Pvt. Ltd. Vs National E–Assessment Centre (ITAT Delhi) During the course of scrutiny assessment proceedings, the Assessing Officer noticed that the bad debts are related to very brand conscious entities, which by no stretch of imagination can be made as bad debts. The Assessing Officer further observed that the assessee has not furnished […]

GST on supply of RO Plant/system to Indian Navy/Coast Guard

January 31, 2022 6894 Views 0 comment Print

In re Rochem Separation Systems India Private Limited (GST AAR Maharashtra) Question 1: What is applicable rate of GST on supply of Reverse Osmosis Plant/system (RO Plant/system) to Indian Navy/lndian Coast Guard in normal course? Answer: – In view of the discussions made above, the applicable rate of GST is 18%. Question 2: What is […]

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