DGFT: DGFT has introduced monthly workshops to educate and assist exporters in navigating the intricacies of E-Commerce exports. [Trade Notice No. 25/2023-24-DGFT Dated: 1st September, 2023]
Central Excise: Government increased the Special Additional Excise Duty on export of Diesel to Rs. 6 per liter. [Notification No. 29/2023-Central Excise Dated: 1st September, 2023]
Central Excise: Government modified Special Additional Excise Duty rates on petroleum crude production and export of ATF (Aviation Turbine Fuel). [Notification No. 28/2023-Central Excise on September 1, 2023]
DGFT: Annual SCOMET Update 2023 has been notified effective from 27th September 2023 amending Appendix 3 with addition of few Chemicals, technical notes, Technology specially designed for aero gas turbine engines to enable “aircraft” to cruise. [Notification No. 27/2023 dated 28th August 2023].
DGFT : Relaxation is given for export of non-basmati white rice if duty is paid before 21.57.01 hours on 20.07.2023 when prohibition to export was imposed. [Notification No. 29/2023 dated 29 August 2023]
DGFT : Export of Non-Basmati White Rice (HS Code 1006 30 90) to Bhutan, Mauritius and Singapore is permitted through National Cooperative Exports Limited. [Notification No. 30/2023 dated 30 August 2023]
Customs : Anti-dumping duty is imposed on import of fishing net (HS code 6508 11 10) origin and / or export from China & Malaysia. [Notification No. 08/2023-Customs (ADD) dated 29 August 2023]
GST : GSTIN introduced Electronic Credit Reversal and Reclaimed statement functionality to monitor ITC to be reclaimed which was reversed due to not matching with GSTR-2B. [GSTN Advisory date 31 August 2023]
DGFT : The quantity of 5841 MT Sugar to be exported to EU from India under TRQ for the year 2023-24 (October to September 2024) has been notified. [Public Notice 29/2023 dated 25th August 2023]
Customs : Due to sudden surge in shipments Customs duty at the rate 20% is imposed on Parboiled Rice from 25th August 2023 till 15th October 2023 [Notification No. 49 & 50 /2023-Customs dated 25 August 2023]
GST : Due to agitation in Manipur, due date of GST returned for April to June was already extended to 31st July, now due date of GSTR-1, GSTR-3B & GSTR-7 for the period April to July 2023 and quarterly GSTR-3B of April to June is extended to 25th August 2023 for the taxpayers having principal …
Company Law: Amnesty scheme introduced for LLPs for submission of Form 3(LLP Agreement), Form 4 (Partners Details) & Form 11 (Annual Return) [General Circular No. 08/2023 Dated:23.8.2023]
DGFT: Certificate issued by Shellac & Forest Products Export Promotion Council (SHEFEXIL) prior to change in policy condition from 31st July 2023 for export of Food Supplements containing botanicals, shall be recognised after change in policy condition. [Trade Notice No. 24/2023 dated 25.08.2023]
Customs: Export duty on Onion imposed at 40% of value of goods from 19th August 2023 to 31st December 2023. [Notification No. 48/2023-Customs dated 19.08.2023]
GST Appellate Tribunal in various states has been announced
All about Digital Personal Data Protection Bill
No Interest, No Penalty can be levied under Customs Act | Landmark Decision
Clarification on Transactions between Head Office and Branch Offices
Income Tax: Formula is prescribed to calculate taxable income for the amount received under Life Insurance Policy [Notification No. 61/2023 income Tax dated 16.08.2023]
Income Tax: Exemption on specified income is granted to Urban Improvement Trust Udaipur. [Notification No. 62/2023 income Tax dated 16.08.2023]
