The Central Board of Indirect Taxes and Customs (CBIC) has notified that no Customs Duty payable on goods imported into India by All India Football Federation for organising AFC Women’s Asian Cup India, 2022. The government empowered under sub-section (1) of section 25 of the Customs Act, 1962 exempted the goods falling under the First […]
The Director General of Foreign Trade (DGFT) has issued the clarification on the Steel Import Monitoring System. “Subsequent to the issuance of Notification No.33/2015-2020 dated September 28, 2020 amending import policy of all HSN Codes under chapter-72, 73 and 86 of Schedule-I (Import Policy) of ITC (HS) from ‘Free’ to ‘Free subject to compulsory registration […]
In a relief to the Nayara Energy, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench has dismissed the Revenue’s plea levying interest by Commissioner under CENVAT Credit Rules. The appellant has explained why it could not immediately avail CENVAT credits on Tanks fabricated in the year 2007. It has been stated that […]
The Karnataka High Court directed the Customs Authority to refund Disputed Amount Import Duty in excess back to Importer pending disposal of the appeal. In pursuant to the import of the goods, petitioner, FCI Oen Connectors filed his returns and requested the respondents for closure of the Bonds and sought return of the Bank guarantee […]
A two-judge bench of the Madras High Court has denied the benefit of exemption of urban land tax to Chennai Port Trust under the provisions of the Tamil Nadu Urban Land Tax Act of 1996. While considering an appeal filed by the State, Chief Justice Amreshwar Pratap Sahi and Justice Senthilkumar Ramamoorthy ruled that the […]
The Lieutenant Governor (LG) of Jammu and Kashmir, Manoj Sinha while Putting speculations to rest said that the Union Territory administration would not levy any property tax on the people in Jammu and Kashmir. Earlier this month, the Union home ministry had empowered the union territory’s administration to impose the property tax following an amendment […]
The Telangana High Court has granted bail to CA accused of assisting to launder Rs 1,100 cr from Mumbai to Hong Kong. The petitioner was summoned on 26.11.2021 and his statement was recorded at Delhi Zonal Office and he has admitted to having issued Form 15CB certificates. The quantum of remittances was clearly not in […]
Tuesday15th June, our next webinar under our SIMPLIFIED banner on the subject ‘Denial of IGST Refund / Rebate to Advance Authorization Holder – Way Forward’ will be held between 5:00 PM and 7:00 PM. CA. NAVJOT SINGH will be our guest speaker for this webinar aimed at professionals and students alike. He has been an […]
Next Saturday, on 5th June, Taxscan is will be conducting the next program under our SIMPLIFIED banner. The Webinar will be on SEBI’s Proposed changes to the Framework of Promoters, Promoter Group & Independent Directors. CS Gaurav Pingle will be the speaker at this webinar aimed at professionals and students alike. Gaurav Pingle is an […]
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