A. Amendment
DGFT Notif. 28/2024-25 dt 13.09.2024
DGFT issued Notification no. 28/2024-25 dated 13.09.2024 regarding amendment in Export policy Conditions of Onions.
DGFT Notif. 29/2024-25 dt 13.09.2024
DGFT issued Notification no. 29/2024-25 dated 13.09.2024 regarding Extension in Import Period for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule –I(Import Policy).
Notification No. 43/2024-Customs dated 13.09.2024
Seeking extension of the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.12.2024. to impose export duty of 20% on exports of Onions (HS 0703 10); to change rates of BCD and AIDC on crude and refined edible oils.
Notification No. 61/2024-Customs (N.T.) dated 13.09.2024
CBIC issued Notification no. 61/2024-Customs (N.T.) dated 13.09.2024 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.
Notification No. 04/2024- Customs (CVD) dated 10.09.2024
CBIC issued Notification no. 04/2024 -Customs (CVD) dated 10.09.2024 Seeking to impose countervailing duty on imports of Welded Stainless-Steel Pipes and Tubes originating in or exported from China PR and Vietnam.
Notification No. 05/2024- Customs (CVD) dated 11.09.2024
CBIC issued Notification no. 05/2024 -Customs (CVD) dated 11.09.2024 to Seeks continue levy of countervailing duty on Atrazine Technical imported from China PR, for 5 years pursuant to Sunset Review Final Findings issued by DGTR.
Form 10B (A.Y. 2023-24 Onwards) -Utility
Audit Report under clause (b) of the tenth proviso to section 10(23C) and section 12A(1)(b)(ii) of Income tax act,1961, in the case of a fund or trust or institution or any university or other educational institution or any hospital or other medical institution.
CBIC allows export-related benefits on Courier Shipments from 12th Sept. 2024
New amendments provide level-playing field for growth of exports through courier mode and seeks to enhance the competitiveness for MSME exporters
CBIC extends export-related benefits for exports made through courier mode
CBIC has made suitable amendments in the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010 vide Notification no. 60/2024-Customs (NT) dated 12.09.2024.
CBIC to participate in Special Campaign 4.0 from 2nd October to 31st October, 2024 to promote cleanliness and disposal of pending matters
CBIC is actively participating in the Special Campaign 4.0, with the active period between October 2nd to October 31st, 2024, to institutionalise cleanliness and reduce pendency in Government offices.
B. Article
SCN served via E-mail at the time of GST Registration Cancellation is not valid
by CA Bimal Jain
The Hon’ble Andhra Pradesh High Court in Somaprasanth Karampudi remanded the writ petition and held that physical notices sent to the Petitioner being returned with noting “Left”, should have been sufficient for the Respondent to take steps to ascertain whereabouts of the Petitioner and to serve notices at such address.
Penalty not imposable when discrepancy relates to a mere technical error in Tax Invoice or E-way Bill
by CA Bimal Jain
The Hon’ble Madras High Court in the case of M/s. Jindal Pipes Limited held that, penalty under Section 129 of the CGST Act is not imposable when discrepancy relates to stating of different location addresses of same recipient, thereby stating that the philosophy under the respective GST enactments is not to levy unjust tax and burden on assessee, who is otherwise regular in paying tax and complies with the law.
C. Tax in Media
CBIC suspends Bengaluru CGST officials arrested by police for alleged extortion charges
The CBIC on Friday said it has suspended some CGST officials in Bengaluru who have been arrested by the city police for alleged extortion charges.
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