Government of India’s Ministry of Finance introduces concessional BCD on Liquified Propane & Butane through Notification 44/2023-Customs.
Ministry of Finance, New Delhi, increases import duty on Liquified Propane & Butane under Customs Tariff Act. Analysis and effective date of Notification 43/2023.
Read the corrigendum to Notification No. 38/2023-Customs (N.T.) issued by the Ministry of Finance, Department of Revenue.
Amendment in Foreign Exchange Management (Current Account Transactions) Rules, 2000. The amendment introduces a new rule regarding the use of international credit cards while outside India. Stay informed about the changes and their implications.
CBIC issued Notification No. 42/2023-Customs Dated: 30th June, 2023 to amend Notification No. 11/2021-Customs. The amendment introduces a new entry prescribing an Agriculture Infrastructure and Development Cess (AIDC) rate of 15% for Liquefied Petroleum Gas (LPG) imports
CBIC issued Notification No. 41/2023-Customs Dated: 30th June, 2023 to amend Notification No. 50/2017-Customs. The amendment introduces a new entry prescribing a Basic Customs Duty (BCD) of 5% for Liquified Petroleum Gas (LPG).
CBIC issued Notification No. 40/2023-Customs Dated: 30th June, 2023 to increase standard tariff for Liquified Petroleum Gas (LPG) falling under specific tariff items in First Schedule of Customs Tariff Act, 1975.
DGFT has issued a notification amending the import policy for cigarette lighters. The notification prohibits the import of gas-fueled pocket lighters, both non-refillable and refillable, under certain HS codes. However, import is allowed if the CIF value per lighter is Rs. 20/- or above. This article provides an introduction to the notification, analysis of the revised import policy, and concludes with the impact of the amendment.
Discover the Mahila Samman Savings Certificate, 2023—a significant initiative aimed at strengthening the financial security of women in India. Now available through both Public Sector and selected Private Sector Banks.
Notification No. 46/2023-Income-Tax Dated: 26th June, 2023 regarding deemed arm’s length price for assessment year 2023-2024. Learn about the tolerance range for wholesale trading and other cases in international transactions or specified domestic transactions.
