What is the New Time limit for GST Credit Note?
GST Credit Note As per Amended Sec 34(2) of CGST Act, 2017, now GST Credit Note can be declared in…
Category: Customs
DGFT extends the Foreign Trade Policy (FTP) 2015-2020 till March 31, 2023
The DGFT vide Notification No. 37/2015-2020 dated September 29, 2022 extends the existing Foreign Trade Policy (“FTP”) 2015-2020 which is…
Whether Importer can be treated as the original owner of Goods for Provisional Release of Seized Goods under Customs Act
The Hon’ble Bombay High Court in Commissioner of Customs (Import) v. Dinesh Bhabootmal Salecha [CUSTOM APPEAL (L) NO. 20820 OF…
Extension of Customs clearances beyond normal working hours in Inland Container Depot(s)-reg.
As a measure of trade facilitation and the ease of doing business, the CBIC has been enabling the facility of…
Amendments in Customs Brokers Licensing Regulations
The CBIC vide Notification No. 52/2022-Customs (N.T.) dated June 24, 2022 has issued the Customs Brokers Licensing (Amendment) Regulations, 2022…
Extended the time period for furnishing of certificate and validity of security w.r.t. Mega Power Projects
Background: Earlier the CBIC vide Notification No. 50/2017-Customs dated June 30, 2017 (“N/N 50”) notified the effective rates and exemption of Customs Duty…
Payment of Customs Duty on export of goods -reg.
Trade Notice No. 01/2022 dated 03.06.2022 is being published by the Noida Special Economic Zone Department. Attention is invited to…
CBIC exempts from maintaining deposits in ECL under Customs Act w.e.f. June 01, 2022 upto November 29, 2022
Background: Section 51A of the Customs Act, 1962 (“the Customs Act”) requires every assessee to maintain Electronic Cash Ledger (“ECL”) in the customs portal.…
Amendments in HS codes w.r.t. exemption of Social Welfare Surcharge to align with the Finance Act, 2022
Earlier, the CBIC vide Notification No. 11/2018-Customs dated February 2, 2018 notified exemption on certain specified goods from the whole…
THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT,1975 AS EFFECTIVE FROM 01-05-2022
The first schedule to the Customs Tariff Act, 1975 as effective from 01.05.2022 including the changes introduced vide Finance Act,…