Custom Duty - DIRECT TAXES UPDATES Recent circulars/notifications/rules/clarifications/News – Government issues a circular clarifying the requirements for opening of Senior Citizen Savings Scheme Account (Circular no. File No. FS-10/17/2020-FS dated 07.12.2020) – CBDT releases answers to FAQs on Vivad-se-Vishwas scheme (Circular N...
Read MoreCustom Duty - DIRECT TAXES UPDATES Recent circulars/ notifications/ rules/ clarifications/News ♣ CBDT issues a circular condoning the delay in filing of form No. 10 BB (Form for furnishing the audit report of the accounts of a fund or trust or institution or any university or other educational institution or any hospital or other medical institution)...
Read MoreCustom Duty - DIRECT TAXES UPDATES Recent circulars/ notifications/ rules/ clarifications/News CBDT issues notification extending the due dates for Income Tax Returns & Tax Audit Reports, as follows (Notification no. 88/2020 dated 29.10.2020) -Without tax audit- 31.12.2020 -Transfer pricing and tax audit- 31.01.2021 -Income Tax return FY 2018-19 -3...
Read MoreCustom Duty - DIRECT TAXES UPDATES Recent circulars/ notifications/ rules/ clarifications/News ♦ CBDT issues directions for disposal of appeals under Faceless Appeal scheme 2020 (Notification no. 77/2020 dated 25.09.2020) ♦ CBDT notifies the Faceless Appeals Scheme, 2020 (Notification no. 76/2020 dated 25.09.2020) ♦ CBDT notifies for 15C for Ap...
Read MoreCustom Duty - The Government of India Central Board of Indirect Taxes and Custom vide their notification No. 38/2018- Customs (N.T.) have announced Sea Cargo Manifest and Transshipment Regulations 2018, which were supposed to come into force on August 1, 2018. Following a number of extensions and amendments, the Regulations are finally scheduled fro...
Read MoreCustom Duty - On the basis of specific intelligence, under the direction of the Commissioner of Customs (Preventive), Bhubaneswar Shri Debashish Sahu, investigation was initiated and relevant business premises of Exporter and Customs House Agent at various places was searched....
Read MoreCustom Duty - The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on 21st August, 2020, shall come into force from 21st September, 2020 upon completion of the 30 day period that was given to importers and other stakeholders to familiarize themselves with new provisions....
Read MoreCustom Duty - With the arrest of a mastermind accused namely Christian Anthony Maduneme @ Chris S/o James, Age:- 32 Yrs (Nigerian National) & Shelly Achhumi @ Sttaccy D/o Luvishe Achumi, Age-41 Yrs, DIU/IGI Airport Unit has worked out a case of cheating, registered vide FIR No. 192/20 u/s 420/467/468/471/120B IPC at PS IGI Airport....
Read MoreCustom Duty - Customs seizes smuggled textiles worth Rs 3.3 crore on fishing trawler to Bangladesh- On the basis of Specific Intelligence, a fishing trawler was intercepted by the officers of the Commissionerate of Customs (Preventive) West Bengal, in the intervening night of 06-09-2020 & 07-09-2020, which was coming from Diamond Harbour towards Sagar ...
Read MoreCustom Duty - In Bond Manufacturing offers deferred import duty on both capital goods as well as raw material or inputs used in bonded manufacturing. The import duty gets remitted if the finished goods are exported. However, if the finished goods are cleared in the domestic market, the import duty on raw material used becomes payable, but without any b...
Read MoreCommissioner Of Customs Vs Hanuman Prasad & Sons (CESTAT Delhi) - The issue under consideration is whether the invoice represent the true transaction value in the international market? This casual observation is not based on the factual position that emerges from the records of the case. Thus, for all the reasons above, the Commissioner (Appeals) was not justified...
Read MoreParayil Food Products Pvt. Ltd. Vs Union of India (Kerala High Court) - The issue under consideration is whether the rejection of advance authorization against the shipments for fulfillment of export obligations is justified in law?...
Read MoreSupreme Industries Ltd. Vs CBIC & Ors. (Bombay High Court) - The issue under consideration is whether the order passed by the custom officer against the self assessment done by petitioner without stating any specific reason is sustainable in law?...
Read MoreJumbo Bags Ltd. Vs DCIT (Madras High Court) - Jumbo Bags Ltd. Vs Deputy Commissioner (Madras High Court) The issue under consideration is whether demand or recovery notice passed against the judgement delivered by the apex court is justified law? In the instant case, the petitioner claimed exemption from payment of duty against the sales effect...
Read MoreBoxster Impex Pvt. Ltd. Vs Union of India and ors. (Bombay High Court) - The issue under consideration is whether freezing the bank account for such a long period is justified in law?...
Read MoreNotification No. 05/2021-Customs (N.T.) - (21/01/2021) - CBIC notifies Rate of Exchange of Foreign Currencies against India Rupees wef 22nd January, 2021, vide Notification No. 05/2021-Customs (N.T.), Dated: 21st January, 2021. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification ...
Read MoreNotification No. 8/2021-Customs (N.T./CAA/DRI)/S.O. 275(E) - (18/01/2021) - Notification No. 8/2021-Customs (N.T./CAA/DRI), Dated: 18.01.2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) NOTIFICATION New Delhi, the 18th January, 2021 Notification No. 8/2021-Customs (N.T./CAA/DRI) S.O. 275(E)...
Read MoreNotification No. 7/2021-Customs (N.T./CAA/DRI)/S.O. 274(E) - (18/01/2021) - Notification No. 7/2021-Customs (N.T./CAA/DRI), Dated: 18.01.2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (DIRECTORATE OF REVENUE INTELLIGENCE) NOTIFICATION New Delhi, the 18th January, 2021 Notification No. 7/2021-Customs (N.T./CAA/DRI) S.O. 274(E)....
Read MoreCase No. ADD(OI) 33/2019 - (20/01/2021) - Case No. ADD(OI) 33/2019 Final Findings in the Anti-dumping investigation concerning imports of Aniline from China PR....
Read MoreCase No- AD-SSR 08/2020 - (20/01/2021) - MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF TRADE REMEDIES) NOTIFICATION FINAL FINDINGS New Delhi, the 20th January, 2021 Case No- AD-SSR 08/2020 Subject: Sunset Review investigation concerning imports of Cold-Rolled Flat Products of Stainless Steel of width 60...
Read MoreNotification No. 05/2021-Customs (N.T.) - (21/01/2021) -
Notification No. 8/2021-Customs (N.T./CAA/DRI)/S.O. 275(E) - (18/01/2021) -
Notification No. 7/2021-Customs (N.T./CAA/DRI)/S.O. 274(E) - (18/01/2021) -
Case No. ADD(OI) 33/2019 - (20/01/2021) -
Case No- AD-SSR 08/2020 - (20/01/2021) -
Case No. AD-SSR-09/2020 - (20/01/2021) -
Case No. OI-31/2019 - (19/01/2021) -
Circular No. 02/2021-Customs - (19/01/2021) -
Case No. (OI - 30/2019) - (19/01/2021) -
Notification No. 04/2021-CUSTOMS (N.T.) [S.O. 204(E).] - (15/01/2021) -