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CAAR Mumbai Ruling: Import Conditions, EPCG License, & Export Clarifications

May 4, 2024 1239 Views 0 comment Print

Explore the implications of deferred duty payments for imported capital goods vs. raw materials, and the eligibility for duty drawback on exports. Full text of the order included.

Consultation Paper on Proposed IFSCA (Listing) Regulations, 2024

May 4, 2024 531 Views 0 comment Print

Review the draft IFSCA Listing Regulations 2024. Learn about changes in regulations for financial product listings in India’s International Financial Services Centres.

CBI Arrests Mumbai Income Tax Officer for Bribery, Rs. 4 Lakh Seized

May 4, 2024 2748 Views 0 comment Print

CBI) made a significant arrest today in Mumbai, apprehending an Income Tax Officer caught red-handed accepting a bribe of Rs. 4.00 lakh from complainant.

Classification of Thermal Putty for Mobile Phone Manufacturing: CAAR Delhi Ruling

May 3, 2024 486 Views 0 comment Print

Dive into the classification of Thermal Putty for mobile phone manufacturing. Understand the chemical composition, functionality, and customs tariff rulings.

No GST on entry fee collected from visitors/devotees/pilgrim by religious trusts

May 3, 2024 921 Views 0 comment Print

Explore the GST implications of entry fees collected by religious trusts. Understand why the entry fee for religious visits is exempt from GST in Rajasthan.

ITC on Building Repair: AAR Rajasthan allows withdrawal of Application

May 3, 2024 669 Views 0 comment Print

Delve into the applicability of GST on building materials & labor in repairs. Learn about ITC, works contracts, and more. Full order details included.

Amendment on Import Duty Exemption for Desi Chana, Export Duty on Onions & Extension for Yellow Peas

May 3, 2024 1194 Views 0 comment Print

Stay updated with the latest customs amendments issued by the Ministry of Finance, New Delhi, on 3rd May 2024. Learn about changes in customs duties.

DGFT Suspends SIONs Inoperative for Last 5 Years

May 3, 2024 555 Views 0 comment Print

Stay informed about the suspension of inoperative Standard Input-Output Norms (SIONs) by the Directorate General of Foreign Trade, Ministry of Commerce, India.

ICAI President’s Message – May 2024

May 2, 2024 585 Views 0 comment Print

Explore the transformative impact of AI in accounting, its global and Indian implications, challenges, regulations, and ICAI initiatives. Join the journey to shape the future of the profession.

Customs G-Card Requirement Review: Instruction No.12/2024

May 1, 2024 2331 Views 0 comment Print

Learn about the review of G-Card holder requirements at Customs stations and the conduct of G-Card examinations as per Regulation 13 of CBLR, 2018.

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