Major Highlights-Budget 2023-24

BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 01.02.23 Major Highlights-Budget 2023-24   Key points FY-2024 fiscal deficit target at 5.9% of GDP Outlay for capital spending increased 33% to 10 trillion rupees in 2023/24 Cigarettes to get costlier as Budget proposes 16% hike in duty To set up agriculture accelerator …

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 …

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