Transitional provisions under SCMTR Regulation 15(2) further extended till 31st Dec. 2022 to enable submission of manifests under erstwhile regulation

CBIC has issued notification to further extend the transitional provisions of Sea Cargo Manifest and Transhipment Regulations (SCMTR), 2018, till 31st December 2022 to enable submission of manifests under erstwhile…

Continue ReadingTransitional provisions under SCMTR Regulation 15(2) further extended till 31st Dec. 2022 to enable submission of manifests under erstwhile regulation

CBIC issues conditions amp; restrictions for re-import of returned jewellery exported through the courier mode on e-commerce platform

The CBIC has issued conditions amp; restrictions for re-import of returned jewellery exported through the courier mode on e-commerce platforms. In this regard, amendment has been introduced in Courier Imports…

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CBIC exempts Additional Customs Duty on import of Petroleum, Crude and Aviation Turbine Fuel

The CBIC has issued notification to exempt the levy of Additional Customs Duty on import of Petroleum, Crude and Aviation Turbine Fuel.The CBIC has issued notification to exempt the levy…

Continue ReadingCBIC exempts Additional Customs Duty on import of Petroleum, Crude and Aviation Turbine Fuel

CAP storage falls in definition of warehouse; income from letting of CAP storage is eligible for sec. 80P relief: ITAT

INCOME TAX : In view of definition of warehouse prescribed in Madhya Pradesh Agricultural Warehouse Act, 1947 CAP storage is a warehouse and, thus, income from letting of CAP storage…

Continue ReadingCAP storage falls in definition of warehouse; income from letting of CAP storage is eligible for sec. 80P relief: ITAT