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CBIC exempts E12 & E15 blended fuel from Road & Infrastructure Cess

July 12, 2022 777 Views 0 comment Print

Notification No. 14/2022-Central Excise, Dated: 12.07.2022 – Seeks to exempt E12 and E15 blended fuel from Road and Infrastructure Cess (RIC) MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 12th July, 2022 Notification No. 14/2022-Central Excise G.S.R. 535(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, […]

CBIC exempts E12 & E15 blended fuel from Special additional excise duty

July 12, 2022 1575 Views 0 comment Print

Notification No. 13/2022-Central Excise, Dated: 12.07.2022 – Seeks to amend Notification No. 28/2002-Central excise to exempt E12 and E15 blended fuel from Special additional excise duty. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 12th July, 2022 Notification No. 13/2022-Central Excise G.S.R. 534(E).—In exercise of the powers conferred by sub-section (1) of section 5A […]

Notification No. 39/2022-Customs, Dated: 12.07.2022

July 12, 2022 5214 Views 0 comment Print

Notification No. 39/2022-Customs, Dated: 12.07.2022 – Seeks to amend notification No. 50/2017-Customs with respect to the tariff heading referring to the open cells for use in manufacture of TV Panels of heading 8524 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 12th July, 2022 Notification No. 39/2022-Customs G.S.R. 539(E).—In exercise of the powers conferred by sub-section […]

CBDT amends Notification No. 60/2014 vide Notification No. 82/2022-Income Tax

July 8, 2022 1317 Views 0 comment Print

Commissioner of Income-tax as specified in column (4) of the Schedule below shall be subordinate to the Chief Commissioner of Income-tax specified in column (3) of the said Schedule.

Section 10(46) exemption to Bihar Electricity Regulatory Commission

July 8, 2022 483 Views 0 comment Print

Notification No. 81/2022-Income Tax, Dated: 08.06.2022- Central Government notifies ‘Bihar Electricity Regulatory Commission’ constituted by State Government of Bihar in respect of the specified income under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 8th July, 2022 Notification No. 81/2022-Income Tax S.O. 3142(E).—In […]

Income Tax Rule 21AL Other Conditions required to be fulfilled by original fund

July 8, 2022 1137 Views 0 comment Print

CBDT notifies new Income Tax Rule 21AL Other Conditions required to be fulfilled by original fund vide Notification No. 80/2022- Income Tax Dated: 8th July, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 80/2022- Income Tax | Dated: 8th July, 2022. G.S.R. 524(E).—In exercise of the powers conferred […]

Nomination of 29 Non-Official Members for Board of Trade

July 8, 2022 1371 Views 0 comment Print

Terms of Reference for the Non-official Members of the Board of Trade would be as follows: (i) To provide a platform to State Governments and UTs for articulating State oriented perspectives on Trade Policy.

Asian Clearing Union (ACU) Mechanism – Indo-Sri Lanka trade

July 8, 2022 1005 Views 0 comment Print

RBI decided that all eligible current account transactions including trade transactions with Sri Lanka may be settled in any permitted currency outside the ACU mechanism until further notice.

Amendment in registration time period of Steel Import Monitoring System

July 7, 2022 13056 Views 0 comment Print

The requirement of advance registration of minimum 15 days from the expected date of arrival of import consignment under SIMS has been abolished. Notification No. 19/2015-2020 | Dated: 7th July, 2022 Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade, New Delhi Notification No. 19/2015-2020 | Dated: 7th […]

Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act, 2022

July 7, 2022 2355 Views 0 comment Print

ITC(HS) 2022 Schedule-1 Import Policy is amended in sync with the Finance Act, 2022. This shall come into force with immediate effect.

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