Category: Custom, Excise and Service Tax
CBIC has notified that two currencies, i.e. Korean Won (WON) and Turkish Lira (TRY), have been added in the Revised List of Currencies for Exchange Rate, used for valuation of …
CBIC has notified the Revised All Industry Duty Drawback Rates Schedule for 2018-19 applicable w.e.f. 19 Dec. 2018, vide Notification No. 95/2018 Customs (NT) dt. 6 Dec. 2018, in …
CBIC extends rectification facility for Shipping Bills filed upto 15 Nov. 2018 (SB005 Errors: Differential IGST Refunds), i.e. where the refund scroll has been generated for a much lesser IGST …
CBIC has clarified that where exporters have opted/ preferred to take drawback at higher rate in place of IGST refund for the period 1 July 2017 to 30 Sept. 2017, …
CBIC has authorised the 'Cost Accountants' to certify the 'IGST Refund Claims' of Exporters whose records were not transmitted from GSTN to Customs due to mismatch in GSTR 1 and …
CBIC/ Central Govt. has notified exemption from 'Basic Custom Duty (BCD) and Integrated Goods and Services Tax (IGST)' for 'Kerala Flood Relief Imports' (Materials/ Consignments despatched/ imported from abroad), …
The CBIC has notified the "Customs (Finalisation of Provisional Assessment) Regulations, 2018", in respect of the provisional assessments ordered on and after the enforcement of these regulations, including regulations on time limit …
To reduce litigation, facilitate ease of doing business and to remove long pending grievances of taxpayers in the matters of direct/ indirect taxes, the Govt. has decided to raise …
As per Section 160 of the Finance Act, 2018, the "Central Board of Excise and Customs (CBEC)" has been renamed as "Central Board of Indirect Taxes and Customs (CBIC)", …
The ICAI has released a set of "Highlights of Amendments in Direct/ Indirect Taxes and International Taxation, proposed by the Union Budget 2018-19/ Finance Bill, 2018", presented on 1 …