Union Budget 2023: Middle Class can expect these 5 Changes
Under the newly proposed Union Budget 2023 the Union Ministry has proposed to modify the definition of ‘strategic disinvestment’. Strategic disinvestment would imply the sale of substantial portion of the Government shareholding of a central public sector enterprise (CPSE) of up to 50%, or such higher percentage as the competent authority may determine, along with...
The 2023 union budget Presented by the finance minister Nirmala Sitharaman introduced so many tax reliefs to the taxpayers of India. One of the major among was related to the Agni path scheme. Under the scheme the payment received from the agniveer corpus fund by the agniveers is proposed to be exempt from taxes. Deduction...
The Central Board of Indirect Taxes and Customs ( CBIC ) has recently notified the extension of the mandatory requirement to carry a health certificate with the import of food consignments, in reference to an order of Food Safety and Standards Authority of India. In reference to the Board’s Instruction No 18/2022-Customs dated Instruction No...
In a recent judgment the Calcutta High Court observed that Writ Court should not act as Expertise to classify Products Under Customs Tariff Act, requires Technical Analysis. The petitioner, M/s Harsh Poly fabric, approached the Court to decide upon which chapter and classification of the Customs and Central Excise Tariff Act applied to its product....
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