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Notifications/Circulars

CBIC notifies Authorised Officers for import of food under FSSAI Act

February 2, 2022 1947 Views 0 comment Print

It is stated that FSSAI has notified Authorised officers at 157 Points of Entries (PoEs) for food, wherein 104 PoEs are to be manned by Customs officials as Authorized officers (AOs) while 53 PoEs are manned by FSSAI officials.

Applicability of Social Welfare Surcharge on goods exempted from basic and other customs duties/cesses

February 1, 2022 6402 Views 1 comment Print

Circular No. 3/2022-Customs No. CBIC-190354/262/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** Room No. 156, North Block New Delhi, dated the 1st of February, 2022 To, All Principal Chief Commissioners/ Chief Commissioners of Customs/Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central Tax, All Principal […]

Maharashtra relaxes Covid-19 curbs from 1st February 2022

February 1, 2022 3960 Views 0 comment Print

a) Beaches, Gardens, Parks to remain open as per normal timing before the advent of the COVID-19 pandemic. b) Amusement/ Theme parks to remain operational with 50% of the operational capacity. c) Swimming Pools, Water-Parks to remain open with 50% capacity.

Valuation of tobacco & tobacco products for payment of BED & NCCD

February 1, 2022 15684 Views 0 comment Print

Representations have been received seeking clarification on the manner of computation of valuation, after admissible abatement, for the purposes of computation and payment of Basic Excise Duty and National Calamity Contingent Duty (NCCD).

Last Date to Submit applications for MEIS, SEIS, ROSCTL, ROSL extended

February 1, 2022 5859 Views 0 comment Print

The last date of submitting applications under MEIS, SEIS, ROSCTL, ROSL and 2% additional ad hoc incentive (under para 3.25 of FTP) which was earlier notified to be 31.01.2022 has been extended to 28.02.2022.

SEBI Circular on Schemes of Arrangement by Listed Entities

February 1, 2022 2721 Views 0 comment Print

No Objection Certificate (NOC) from the lending scheduled commercial banks/ financial institutions/ debenture trustees, from not less than 75% of the secured creditors in value.

Guidelines For Issuance of Show Cause Notices under GST

February 1, 2022 12759 Views 0 comment Print

It has been brought to the notice of the Competent Authority that in several instances non­speaking & vague Show Cause Notices (SCNs) are being issued in violation of provisions of the GST Act and Rules made thereunder. In view of the above, it is important that proper diligence is made before issuance of SCNs by the Proper Officers.

Conditions for ESIC COVID-19 Relief Scheme relaxed

February 1, 2022 1122 Views 0 comment Print

The deceased Insured Person must have been in employment on the date of diagnosis of COVID19 disease and contributions for at least 35 days should have been paid or payable in respect of him / her during a period of maximum one year immediately preceding the diagnosis of COVID-19 disease resulting in death.

Finance Bill 2022 or Union Budget 2022-23

February 1, 2022 40665 Views 0 comment Print

FM Nirmala Sitharaman’s presented her fourth budget today i.e. on 1st February 2022.  In budget FM has introduced Tax on Virtual Currencies, Introduces no change in Tax Rate for Individuals, Provided relief on Surcharge on LTCG etc. AS INTRODUCED IN LOK SABHA ON 1st FEBRUARY, 2022 Bill No. 18 of 2022 THE FINANCE BILL, 2022 […]

CBIC supersedes notification No. 49/2008-Central Excise (N.T.) to align with GST law

February 1, 2022 4917 Views 0 comment Print

Seeks to supersede notification No. 49/2008-Central Excise (N.T.) dated 24.12.2008, in order to align it with the current legal position, post roll-out of GST vide Notification No. 01/2022 -Central Excise (N.T.) 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 […]

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