The Directorate General of Foreign Trade ( DGFT ), vide Public Notice No. 49/2023 dated March 11, 2024, issued the guidelines for Import on Allocation for the Financial Year 2024-25. This procedure specifically pertains to

In a recent development, the Haryana Goods and Services Tax ( GST ) Department has issued Order No. 01/2024/GST-II on March 15, 2024, amending its previous Order No. 02/2021/GST-II dated March 22, 2021, which pertains

The Central Government has prohibited onion exports until further orders. According to the notification “Export prohibition on export of onions under HS Code 0703 10 19 valid till 31 st March, 2024 is extended until

The Central Board of Indirect Taxes & Customs ( CBIC ), under the Ministry of Finance, vide notification no.  22/2204-CUSTOMS ( N.T. )  has notified the amendment in tariff value of crude palm oil, Gold,

A two-judge bench of the Delhi High Court has held that the complete sealing of the business premises is illegal under the GST laws. The petitioners’ premises were visited by the Revenue authorities on 29.08.2018

The Central Board of Direct Taxes ( CBDT ) last day came with a clarification in connection with the search proceedings conducted on the Cost Accountant of MP Galla Jayadaev in Vijayawada. The Income Tax

In a large scale operation against frauds in banks, the Central Bureau of Investigation ( CBI ) is today conducting searches at around 187 places in different States/UTs including in Andhra Pradesh, Chandigarh, Delhi, Gujarat,

The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in the Delhi region. The search action has resulted

The Income Tax Department conducted a search on 9th October 2019 on a prominent business group in Karnataka which runs multiple educational institutions. During the course of the search, the modus operandi of conversion of

Chapter XIX-A of the Act pertains to the settlement of cases. Under sub-section (1) of section 245C of the Act, an assessee at any stage of a case relating to him can make an application

The Income Tax Department started a Search and Survey action on 22.12.2020 in the cases of three leading contractors of North-Eastern India. One of the groups is also into the Hospitality business. The Search and

The Income Tax Department conducted search action under the Income-tax Act, 1961 in the case of a group of trusts that are running educational institutions in and around Chennai for the past thirty years. The

The Allahabad High Court has recently held that the  'reasons to believe' are mandatory to conduct search and seizures procedure adopted as per the State GST Acts. The Assessee, Rimjhim Ispat Limited, had their factory

The Income Tax Department carried out a search and seizure operation on a prominent road construction contractor in Bihar and Jharkhand. The search action was initiated on 27.10.2021 at various premises located in Bihar, Jharkhand,

The Income Tax Department carried out search and survey operations on a group based in Mumbai on 08.02.2021. This group is mainly engaged in the business of manufacturing of Gutkha, Pan masala and allied substances,