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Notifications/Circulars

CBIC notifies Customs Exchange rate for Import & Export wef 17.02.2023

February 16, 2023 4710 Views 0 comment Print

CBIC notifies Customs Exchange rate for Import & Export with effect from 17th February, 2023 vide Exchange rate vide Notification No. 10/2023 – Customs (N.T.) | Dated: 16th February, 2023. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS ***** Notification No. 10/2023 – Customs (N.T.) | Dated: […]

DGIT (Systems), Delhi, to furnish response to TN Govt in the form of flag based on Taxpayers status

February 16, 2023 1215 Views 0 comment Print

CBDT directs DGIT (Systems), New Delhi, to furnish the response to TN Govt in the form of flag based on Taxpayers status F. No. 225/169/2022-ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** New Delhi, the 16th February, 2023 Order under section 138(1)(a) of the Income-tax Act,1961 Central […]

Procedure for remedial action in cases where Revenue Audit objection is accepted

February 16, 2023 8019 Views 0 comment Print

Where the Revenue Audit objection is accepted, the PCIT shall decide if the relevant order under audit requires revision it’s 263 as remedial action. If yes, he shall call for the relevant records and proceed to initiate action u/s 263.

IBBI penalises IP for placing non­-compliant resolution plan for consideration of CoC

February 15, 2023 1584 Views 0 comment Print

Mr. Anurag Kumar Sinha has erred in his judgement in placing a non­compliant resolution plan for the consideration of the CoC. Further, despite being non­compliant plan, it was passed and placed for AA’s approval. AA has strongly commented on the issue in its judgement pointing out the mistake of the resolution professional and the CoC […]

Challenges faced by trade w.r.t monitoring of BLUT & requirement for additional BLUT

February 15, 2023 807 Views 0 comment Print

No. K.43013(18)/2/2022-SEZ Government of India Ministry of Commerce & Industry Department of Commerce (SEZ Division) Vanijya Bhavan, New Delhi Dated the 15th February, 2023 To The Development Commissioner All SEZs Subject: Challenges faced by trade w.r.t monitoring of BLUT and requirement for additional BLUT —reg. Sir, I am directed to refer to representations received from […]

Maintenance of a website by stock brokers & depository participants

February 15, 2023 2310 Views 0 comment Print

A designated website brings in transparency and helps the investors to keep themselves well informed about the various activities of the SB/DP. In view of the same, considering the advancement in technology and need to provide better services to the investors, all SBs and DPs are hereby, mandated to maintain a designated website.

Introduction of Issue Summary Document & dissemination of issue advertisements

February 15, 2023 1584 Views 0 comment Print

ISD shall be filed in two stages: i. In the first stage, ISD will be filed containing pre-issue / offer fields. ii. In the second stage, ISD will be filed containing post-issue / offer fields after allotment/offer is completed / as applicable for respective ISD.

Special Additional Excise Duty on Diesel reduced to Rs. 1 per litre

February 15, 2023 1839 Views 0 comment Print

Vide Notification No. 09/2023-Central Excise, Dated 15th February, 2023 Government reduces Special Additional Excise Duty on Diesel to Rs. 1.00 per litre with effect from 16th day of February, 2023 from existing Rs. 6 per litre. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 09/2023-Central Excise | Dated 15th February, 2023 […]

SAED on production of Petroleum Crude & export of Aviation turbine Fuel reduced

February 15, 2023 336 Views 0 comment Print

Government reduces Special Additional Excise Duty from 16th day of February, 2023 on production of Petroleum Crude to Rs. 4350 per tonne from 5050 per tonne and to Rs. 1.50  per litre from Rs. 6.00 per litre on export of Aviation turbine Fuel vide Notification No. 08/2023-Central Excise,  Dated 15th February, 2023 GOVERNMENT OF INDIA […]

Tariff Notification No. 09/2023-Customs (NT) Dated: 15th February 2023

February 15, 2023 2256 Views 0 comment Print

Tariff Notification No. 09/2023-Customs (NT) Dated: 15th February 2023– Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi Notification No. 09/2023-Customs  (N.T.) | Dated 15th February, 2023 S.O. … (E).– In exercise […]

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