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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 …
BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 25.01.23 Refunds under the Indian Customs Act, 1962 against Advance Authorization/EPCG License Revocations The legal provisions related to the refund’s provisions under the Indian Customs Act, 1962, which is applicable for PAN India locations is produced below for a Legal …
BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 13.01.23 Tariff concessions under the India Australia ECTA The CBIC vide Notification No 62/2022-Customs dtd 26th December 2022 and Notification No 64/2022-Customs dtd 29th December 2022 has notified the tariff concessions provided under the India Australia ECTA. Indian Importers may plan their …
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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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BORN IN INDIA I SERVED FROM INDIA I TO THE GLOBE Dated: 12.11.2022 Important GST Refunds matter Order on “Intermediary”- Punjab & Haryana High Court The Punjab and Haryana High Court has held that the Genpact India cannot be treated as an “intermediary” and therefore allowed a refund of Rs.26,34,61,625/- in favor of the …
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