Domestic Tariff Area

All Posts tagged under Domestic Tariff Area

Madras High Court - recovery notice - demand notice - violation judgment - Apex Court - Taxscan

Madras High Court quashes the demand/recovery notice passed in violation of the judgment delivered by the Apex Court [Read Judgment]

The Madras High Court quashed the demand/recovery notice passed in violation of the judgment delivered by the Apex Court. The petitioner, M/s.Jumbo Bags Ltd. claimed exemption from payment of duty against the sales effected by...

Merchanting Trade Transactions - RBI - Guidelines - Taxscan

RBI issues Revised Guidelines for Merchanting Trade Transactions

The Reserve Bank of India (RBI) has issued the revised guidelines for Merchanting Trade Transactions (MTT). The Following are the changes: I. For a trade to be classified as merchanting trade,...

DTA unit need not seek any Registration under SIMS at the Time of Supply: Govt. [Read Circular]

The Directorate General of Foreign Trade ( DGFT ) has clarified that Domestic Tariff Area (DTA) units need not seek any registration under Steel Import Monitoring System (SIMS). Steel Import Monitoring System (SIMS) shall require...