IGST refund against a higher drawback rate-Customs cannot deny the refund

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 03.08.2022 Customs authority cannot deny IGST refund to the Exporters against a higher drawback rate claimed It has been lately observed that lot of Indian exporters are not getting their IGST refund from customs. The exporters are facing a harrowing time to …

Amendment of Shipping Bills after export- Indian Customs Act, 1962

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 22.07.2022 Provisions to amendment of Shipping Bills after export- Indian Customs Act, 1962   Feel free to connect with us for matters related to Indirect Tax matters, trade compliance issues pertaining to India Customs, IGST matters related to Exports, DGFT matters, Legal …

Setup your own Multi Modal Rail cargo terminal in India under Gati Shakti Policy-Indian Railways

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 06.06.2022 Gati Shakti- Indian Railways Feel free to connect with us for consulting on the Gati Shakti scheme and consulting on setting up your own Rail cargo terminal. The Ministry of Railways has come up with a new Gati Shakti scheme to …

BIS Standards as applicable on Solar Modules in India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 31.05.2022 BIS Standards on Solar Modules in India   The Ministry of New and Renewable Energy (MNRE) has implemented a Quality Control Order on SPV Systems, Devices and Components Goods Order 2017 under BIS Act(Compulsory Registration Scheme). The said order includes SPV Modules, …

CESTAT Rejects Customs Order- Favours The Importer in Related Party Transaction under

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 21.05.2022 SVB Proceedings in a “Related Party Transactions” (CVR, 2007)- Customs Loses Appeal at CESTAT New Delhi   In a major relief to an Importer, the Principal bench of CESTAT, New Delhi has Rejected the Order in Original issued by the Commissioner (Appeals), …

GST Not Leviable on Import Ocean Freight in India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 19.05.2022   GST Not Leviable on Import Ocean Freight in India   Supreme Court has dismissed the Special Leave Petition of the Government on the matter of applicability of GST on Import Ocean Freight. Now all the assessees who have received the Show …

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