By: Admin July 09, 2024 Categories: GST Recent News The Centre will refund the compensation cess imposed on imported goods under the Goods and Services Tax (#GST) to businesses operating…
CBIC extended the exemption provide to imports of specified defence equipment’s for a further period of 5 years
By: AdminJune 28, 2024Categories: CBIC|Notification And Circular>Customs4 Min Read The CBIC vide Notification No. 26/2024-Customs dated June 28, 2024 extends the exemption provide to imports of specified defence equipment’s for…
Five-years extension expected for export credit scheme for India’s export sectors
By: AdminJune 27, 2024Categories: export import|News4 Min Read The Indian government is considering extending a crucial export credit support scheme to boost the competitiveness of the country's export sector, which…
India’s total exports estimated to grow at 10.25 % in May 2024; cumulative overall exports during April-May 2024 estimated to grow at 9.21%
By: AdminJune 15, 2024Categories: Press Release4 Min Read India’s total exports (Merchandise and Services combined) for May 2024* is estimated at USD 68.29 Billion, registering a positive growth of 10.25…
CBIC Amends Customs Notification, Adds Vizhinjam International Seaport for Import-Export in Kerala
By: AdminJune 15, 2024Categories: CBIC|Notification And Circular4 Min Read The CBIC vide Notification No. 42/2024-Customs (N.T.) dated June 12, 2024 has amended Notification No. 62/1994-Customs (N.T.) dated November 21, 1994.…
Imported Goods stored in 3P FTWZ being sold and moved to Bonded Warehouse on ‘as is where is’ basis under MOOWR scheme are not liable to GST
By: AdminJune 14, 2024Categories: Advance Ruling-New4 Min Read The Tamil Nadu AAR, in the matter of M/s. Sunwoda Electronic India Private Limited [Advance Ruling No. 06/ARA/2024 dated April 30, 2024],…
57 Types of Income & Expenses to be Reflected in AIS on the Income Tax Portal
By: AdminMay 28, 2024Categories: Important News|Income Tax|News4 Min Read The CBDT has released a Handbook on the Annual Information Statement (AIS) and provided a list of 57 types of income…