GSTN has introduced an update to facilitate the registration compliance for buyers of metal scrap through form GST REG-07. This update follows the new GST provisions for metal scrap buyers as outlined in the advisory issued on October 13. [GST Portal Advisory dated 22.10.2024]
GST GSTN has implemented a validation process for cases where a taxpayer attempts a non-core amendment to update bank account details. [GST Portal Advisory dated 22.10.2024]
The Directorate General of Foreign Trade (DGFT) has issued a public notice to notify procedure for filing of Annual RoDTEP Return (ARR) by exporters (IECs) whose total RoDTEP claims exceeds Rs. 1 crore in a financial year across all 8-digit HS codes. The ARR of particular financial year shall be filed on DGFT portal by …
The Directorate General of Foreign Trade (DGFT) has issued a notification to lift the requirement of Minimum Export Price (MEP) for the export of Non-Basmati White Rice under HS Code 1006 30 90 with immediate effect. [Notification No. 37/2024-25 dated 23.20.2024]
DGFT The Directorate General of Foreign Trade (DGFT) has issued a notification to provide for additional policy conditions for Exports of Sesame Seeds to United States of America (USA). The additional conditions are as follows: India Oilseeds & Produce Export Promotion Council (IOPEPC) is designated as competent authority to issue export certification. The IOPEPC shall …
The Central Board of Indirect Taxes (CBIC) has issued a notification to direct that no customs duty is required for the import of “Simply Sawn Diamonds” under tariff items 7102 21 and 7102 3100 during the period from July 1, 2017, to February 1, 2022. [Notification No. 70/2024-Customs (NT) dated 23.10.2024]
Customs The Central Board of Indirect Taxes (CBIC) has issued a notification to amend the tariff values of palm oil, soya bean oil, brass scrap, gold, silver, and areca nuts. [Notification No. 69/2024-Customs (NT) dated 23.10.2024]
The CBIC has issued instruction which provides for the issuance of Equipment Type Approval (ETA) for License-Exempt Wireless Equipment Devices. [Instruction No. 24/2024- Customs dated 22.10.2024]
The CBIC has issued notification to impose Anti-Dumping Duty on Isopropyl Alcohol imported from China PR for 5 years, pursuant to final findings of DGTR. [Notification No. 22/2024-Customs (ADD) dated 22.10.2024]
The CBIC has issued notification to impose Anti-Dumping Duty on Sulphur Black imported from China PR for 5 years pursuant to final findings of DGTR. [Notification No. 21/2024-Customs (ADD) dated 22.10.2024]
The CBIC has issued notification to impose Anti-Dumping Duty on Cellophane Transparent Film imported from China PR for 5 years pursuant to final findings of DGTR. [Notification No. 20/2024-Customs (ADD) dated 22.10.2024]
Customs The CBIC has issued notification to impose Anti-Dumping Duty on Thermoplastic Polyurethane (TPU) imported from China PR for 5 years pursuant to final findings of DGTR. [Notification No. 19/2024-Customs (ADD) dated 22.10.2024]
GST The CBIC has issued corrigendum to provide RCM is applicable only on renting of commercial “immovable” property. Earlier, the entry was “Service by way of renting of any property other than residential dwelling” and now immovable word is inserted. [Corrigendum G.S.R. 652(E) dated 22-10-2024]
Customs The CBIC has issued a notification that seeks to impose anti-dumping duty on imports of “Unframed glass mirror” falling under tariff item 7009 91 00 originating in or exported from China PR for a period of 5 years. [Notification No. 18/2024-Customs (ADD) dated 21.10.2024]
The CBIC has issued a notification to clarify on certain aspects of origin procedures under free trade agreements (FTAs). The Board has addressed challenges in import clearance related to third-party invoicing under the ASEAN-India FTA (AIFTA). Key points include concerns about origin status discrepancies between Certificates of origin (COOs) and invoices, the validity of third-party …
The Central Board of Direct Taxes (CBDT) has notified ‘West Bengal Pollution Control Board’ for the purposes of clause (46) of section 10 of the Income-tax Act, 1961. The notification shall be effective for the AY 2015-16 subject to the certain conditions. [Notification No. 117/2024/F. No. 300196/27/2022-ITA-I(Pt.1) dated 18.10.2024]
Income Tax The Central Board of Direct Taxes (CBDT) has notified the tolerance range while calculation of Arm’s length price as per section 92C to be 1 per cent for wholesale trading and 3 per cent in all other cases for assessment year 2024-25. “wholesale trading” means an international transaction or specified domestic transaction of …
DGFT The DGFT has issued Trade notice which provides that, a new electronic system allows Certifying Authorities (e.g., Charted Accountants, Company Secretaries, Cost Accountants, Chartered Engineers, etc.) to digitally sign and upload Appendix 4H certificates via the DGFT website. Exporters can submit Appendix 4H forms online, which are verified and signed by Certifying Authorities using …
GST The GSTN has issued additional FAQs on IMS. [New & Updates from GST portal dated 17.10.2024]
Customs The CBIC has issued instruction to implement retrospective issuance of certificates of origin under India-UAE CEPA under exceptional situations. [Instruction No. 21/2024- Customs dated 16.10.2024]
webinar on “Impact of Decisions of the 57th GST Council Meeting” on 14th October 2026 at 4:00 PM to 6:00 PM
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