DGFT on January 20, 2023 issued a public notice no. 53/2015-20 to provide the big relief to EPCG authorisation holders in terms of Export Obligation Period as well as Average Annual Export Obligation required to be maintained by the EPCG Authorisation holder. A new sub – para 5.13(d) is added after para 5.13(c) of the […]
Director General of Foreign Trade (DGFT), on December 07, 2022 issued notification no. 47/2015-20 to amend the RODTEP Policy. Notification notified the a revised Appendix 4R under para 4.59 of Foreign Trade Policy, 2015-20 for export made from 15.12.2022 The revised Appendix 4R will be applicable for export made from 15.12.2022 to 30.09.2023. As an […]
CBIC on Thursday, November 10, 2022 issued circular no. 181/13/2022-GST for clarification on refund related issues in GST. Officials of CBIC Said that, “Representation have been received from the trade and field formation seeking clarification on various issues pertaining to the implementation of the notification no. 14/2022-Central Tax dated 05.07.2022, issued to amend the formula […]
After the guidelines issued by RBI on 11th July 2022 in relation to settlement of international trade in Indian Rupees, Industry was expecting the relief from central government in the norms of export promotion schemes. Now Central Government comes with amendments in foreign trade policy 2015-20 to allow the rupees settlement of international trade for […]
The Central Board of Direct Taxes on 27th October, 2022 issued Circular No. 21/2022 in F.No.275/25/2022-IT(B) to extend the deadline for filing quarterly TDS statement in Form 26Q for the June quarter by a month till November 30. Form 26Q is used for quarterly filing of TDS returns on payments other than salary. “Considering the […]
DGFT on 12th October 2022 issued public notice no. 30/2015-20 to Amend the SION Policy of various ‘Chemical and Allied Product’ (Product Code ‘A’) As an effect of the public notice SIONs A254, A257, A282, A1939, A1973, A2061, A2331, A2539, A2818, A3056, A3486 in regards to ‘Chemical and Allied Product’ suspended with the immediate effect
The Director General of Foreign Trade (DGFT) issued notification no. 39/2015-2020 dated 14.10.2022 to amend the earlier notification no. 30/2015-20 dated 27.08.2022 and amended the policy related to export of items under HS Code 1101 with description Wheat or Meslin flour (Atta), Maida, Samolina Rava Whole meal atta and resultant atta. Earlier the export of […]
The Director General of Foreign Trade (DGFT) issued notification no. 38/2015-2020 dated 12.10.2022 to amended the export policy of broken rice against ITC (HS) Code 1006 40 00 of chapter 10 of ITC (HS), 2018, Schedule – II (Export Policy), for the period upto 31st March, 2023, for the year 2022-23, the export policy of […]
The Central Board of Indirect Taxes and Customs has revised the aggregate turnover for e-invoicing from 100 crores to 50 crores w.e.f 1st April 2021. Complete Notification is provided below for reference purpose. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 05/2021–Central Tax New Delhi, […]
Ministry of Finance on 24.10.2020 issued press release for Extension of due dates for Annual Return and Reconciliation Statement for 2018-19. The Government has been receiving a number of representations regarding need to extend due date for filing Annual Return (FORM GSTR-9) and Reconciliation Statement (FORM GSTR-9C) for 2018-19 on the grounds that on account […]