CBIC Extends IGST Exemption till 31/03/2023

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 30.11.2022 CBIC extends IGST and Compensation Cess Exemption to Goods Imported against AA/EPCG The Central Board of Indirect Taxes and Customs (CBIC) has extended the exemption from Integrated Tax (IGST) and Compensation Cess on goods imported against AA/EPCG authorizations till 31st March …

CESTAT-Customs Board (CBEC) cannot modify Scope of Exemptions

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 14.11.2022   CESTAT-CBEC cannot modify Scope of Exemptions   The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that Central Board of Excise and Customs (CBEC) has no power to modify scope of exemption notification issued …

Acceptance of Electronic Certificate of Origin issued under the India-UAE CEPA

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 28.10.2022 Acceptance of Electronic Certificate of Origin issued under the India-UAE CEPA     The Central Board of Indirect Taxes and Customs (CBIC) has issued an instruction with regard to the India-United Arab Emirates Comprehensive Economic Partnership Agreement (India-UAE CEPA) stating, inter alia, that …

Import Duty Concession for Solar Projects withdrawn by CBIC & New Metro Projects Added

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 21.10.2022 Project Import (Amendment) Regulations, 2022   The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendment to the Project Imports (Amendment) Regulations, 2022. A notification issued on Wednesday stated that “In the Project Imports Regulations, 1986, in the …

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), …

%d bloggers like this: