Proper officers under the Indian customs Act, 1962

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 13.12.2022   Proper Officers under The Indian Customs Act, 1962 CBIC vide Notification No. 105/2022-Customs (N.T.) dated December 9, 2022, amended theĀ earlier issued Notification No. 26/2022-Customs (N.T.) dated March 31, 2022, issued by the Department of Revenue, Ministry of Finance, Government of …

Powers of officers of customs-Section 5 Indian Customs Act, 1962

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 08.12.2022 Powers of officers of customs Section 5 Indian Customs Act, 1962 (1) Subject to such conditions and limitations as the Board may impose, an officer of customs may exercise the powers and discharge the duties conferred or imposed on him under …

CESTAT-Penalty u/s 114A of Customs Act not permissible in the Absence of Evidence

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 28.11.2022 CESTAT-Penalty u/s 114A of Customs Act not permissible in the Absence of Evidence The Delhi Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that penalty u/s 114A of the Customs Act,1962 is not permissible in the …

CESTAT allows benefit of Exemption from Additional Duties of Customs-Lenovo India

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 16.11.2022 CESTAT allows benefit of Exemption from Additional Duties of Customs to Hard Disk drives-Lenovo India   M/s Lenovo India Pvt Ltd, the petitioner challenged the intent of customs authorities to deny them the benefit of exemption from additional duties of customs …

ITAT allows Tax Neutral Disallowance-Novartis India case

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE   Dated: 16.11.2022 ITAT allows Tax Neutral Disallowance     The Income Tax Appellate Tribunal (ITAT), Mumbai allowed tax neutral disallowance thereby granting relief to M/s. Novartis India Limited. The issue is in relation to the adjustment of excess and short year-end provision. Source: …

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