Ministry of Commerce and Industry notifies Fire Extinguishers QC Order: Mandatory Standard mark for both Portable and Wheeled Fire Extinguishers [Read Notification]
The Ministry of Commerce and Industry vide notification no. S.O. 3585(E), issued on 11th August 2023 has notified Fire Extinguishers (Quality...
![Section 80HHC of Income Tax Act not requires Exports Profits as Sole Source of Income: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-Exports-Profits-as-Sole-Source-of-Income-ITAT-allows-Deduction-ITAT-Deduction-Exports-Profits-taxscan.jpg "Section 80HHC of Income Tax Act not requires Exports Profits as Sole Source of Income: ITAT allows Deduction [Read Order]")
DGFT introduces AYUSH Export Promotion Council (AYUSHEXCIL) to Issue Registration Cum Membership Certificate
The Directorate General of Foreign Trade (DGFT) vide notice no. 23/2023 issued on 31st July 2023 has notified the introduction of AYUSH Export Promotion Council (AYUSHEXCIL) to issue Registration Cum...
Relief to Blackberry India: Delhi HC rules Services Except in Rule 3(1) of Export of Services Rules falls under Ambit of Export of Taxable Services [Read Order]
In a major relief to Blackberry India Private Limited, the Delhi High Court ruled that services except in Rule 3(1) of Export of Services Rules falls under ambit of Export of Taxable Services. The...
DGFT extends Application Date to Obtain License to Export Broken Rice to Senegal, Gambia, and Indonesia [Read Notification]
The Directorate General of Foreign Trade (DGFT) vide trade notice 16/2023 issued on 20th July 2023 has notified the extension of submission of application date to obtain license to export broken rice...
No disallowance on claim of prior Period Expenses on Customs Duty paid due to unable to Perform Export:ITAT [ Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai Bench ruled that no disallowance on claim of prior period expenses on customs duty paid due to unable to perform Export The assessee...
![No disallowance on claim of prior Period Expenses on Customs Duty paid due to unable to Perform Export:ITAT [ Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/disallowance-claim-prior-Period-Expenses-Customs-Duty-Perform-Export-ITAT.jpg "No disallowance on claim of prior Period Expenses on Customs Duty paid due to unable to Perform Export:ITAT [ Read Order]")
Expenditure Incurred on Foreign Currency on Telecommunications Charges and Technical Services Outside India, not Excluded from Export Turnover: ITAT Allows Income Tax Deduction to Tech Mahindra [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that expenditure incurred on foreign currency on telecommunication charges and provision of technical services outside of India should...
![Expenditure Incurred on Foreign Currency on Telecommunications Charges and Technical Services Outside India, not Excluded from Export Turnover: ITAT Allows Income Tax Deduction to Tech Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Expenditure-Incurred-on-Foreign-Currency-Expenditure-Incurred-Foreign-Currency-Telecommunications-Charges-ITAT-Allows-Income-Tax-Deduction-to-Tech-Mahindra-ITAT-Taxscan.jpg "Expenditure Incurred on Foreign Currency on Telecommunications Charges and Technical Services Outside India, not Excluded from Export Turnover: ITAT Allows Income Tax Deduction to Tech Mahindra [Read Order]")
DPIIT notifies Compulsory Standard Mark in Portable Water Bottles and Flame Producing Lighters [Read Order]
The Department for Promotion of Industry and Internal Trade (DPIIT) has notified the order on compulsory standard mark in the portable water bottles and flame producing lighters vide notification...
DGFT notifies Procedure for Allocation of broken rice on Humanitarian and Foods Security Grounds to Other Countries
The Directorate General of Foreign Trade (DGFT) has notified the procedure of allocation of the broken rice on humanitarian and food security grounds to other countries on the request of the...
