Team Bizsol

Income Tax: CBDT has added following banks to E-filing portal for making tax payments thereon, Taxpayers are advised to use Deductor’ s TAN for making TDS/TCS payments. Bank available at E-Filing Portal Axis Bank. Bank of India. Bank of Maharashtra. Canara Bank. Central Bank of India. Federal Bank. ICICI Bank. Indian Bank. Indian Overseas Bank. …

Income Tax: CBDT has added banks to E-filing portal for making tax payments thereon, Taxpayers are advised to use Deductor’ s TAN for making TDS/TCS payments. (08.11.2022) Read More »

DGFT: Amendment in Export Policy of Broken Rice falling under HS Code 1006 40 00.– Condition (iii) of Para-2 of Notification No. 31/2015-2020 dt. 08.09.2022 has been amended with immediate effect so as to provide clearance to such rice consignments held up in CFS which had been handed over to the Container Freight Station (CFS) …

DGFT: Amendment in Export Policy of Broken Rice falling under HS Code 1006 40 00 (08.11.2022) Read More »

DGFT: The Condition No. 7(ii) of Chapter 27 of Schedule-I (Import Policy ) of ITC(HS), 2022 is amended vide Notification No. 41/2015-2020 dated 07th November 2022.

Income Tax CBDT publishes Explanatory Notes to the Provisions of the Finance Act 2022 vide Circular No. 23/2022 Dt. 3rd Nov 2022.

RBI: RBI amends the eligibility criteria for offering Internet Banking Facility by Regional Rural Banks, 2022 vide Notification No. RBI/2022-23/135 Dt. 01st Nov 2022.

DGFT: DGFT notifies PSIA ( Pre-Shipment Inspection Agencies ) and instructed the PSIA to update their membership certificate with MRAI/ISRI/IFIA within 30 days from the date of this public notice. Public Notice No. 34/2015-2020 Dt. 3rd Nov 2022.

Customs: Exchange Rate Notification No. 92/2022 Customs (N.T.) dt. 3rd Nov 2022 is published w.e.f. 4th Nov 2022. Some regular exchange used for conversion are given below: Currency For Imports(INR) For Exports(INR) US Dollar 83.80 82.10 UAE Dirham 23.30 21.90 EURO 83.05 80.05

Customs: CBIC has directed All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive) / Customs & Central Tax All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive); All Principal Directors General/ Directors General, under CBIC to ensure that an aspect lodged in the AEM is not allowed to linger and that all successive actions are …

Customs: All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive); All Principal Directors General/ Directors General, under CBIC to ensure that an aspect lodged in the AEM is not allowed to linger and that all successive actions are quickly taken without loss of time no sooner the aspect has been lodged in said AEM for Faceless Assessments using Anonymized Escalation Mechanism (AEM). Circular 23/2022 Customs dt. 3rd Nov 2022 (04.11.2022) Read More »

GST From October 2022 period onwards it is mandatory to file: Previous period GSTR-1 before current period GSTR-1. Current period GSTR-1 before current period GSTR-3B.

RBI RBI is Underwriting Auction for sale of Government Securities for ₹30,000 crore on November 04, 2022

Income Tax CBDT request for inputs from stakeholders and the general public for Common Income Tax Returns.

Income Tax: CBDT condones delay filing of Form 10A for A.Y 2022-23 for which extended due date was 31-03-2022 upto 25-11-2022 and filing for regular registration/approval has been enabled on the portal. Kindly refer the Circular No.22/2022 Dt. 01-11-2022 for more details.

Central Excise Special Additional Excise Duty on High-Speed Diesel Oil increased to Rs. 11.50 per liter vide Notification 37/2022 Central Excise Dt. 01-11-2022.

Central Excise: Special Additional Excise Duty on Aviation Turbine Fuel increased to Rs. 5 per liter vide Notification 36/2022 Central Excise Dt. 01-11-2022.

Central Excise Special Additional Excise Duty on Petroleum Crude reduced to Rs. 9500 per tonne vide Notification 36/2022 Central Excise Dt. 01-11-2022

Customs: Chapter 29 Organic Chemicals inserted under S.No 404 of Exemption Notification 50/2017 dt. 30th June 2017 vide Notification 56/2022 dt. 01st Nov 2022.

Customs Notification No. 91/2022-Cus (NT)-issued for Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg. Details mentioned in the notification.

DFGT RoDTEP Helpdesk is now functional 24*7 and call Toll Free on 1800-3010-1000 or email at icegatehelpdesk@icegate.gov.in If grievance continues, Exporters may approach higher authorities at jsdbk-rev@nic.in

RBI Money Market Operations for the month of October is given under Press Release by RBI.

Central Excise Mechanism for implementing Additional basic excise duty on Unblended Motor Spirit ( Commonly known as Petrol ) w.e.f 01/11/2022, detailed procedures set in Circular No 1085/06/2022-CX Dt. 31st October 2022.