Tariff Notification No.103/2020-Customs(N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg.

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes& Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of … Read more

Base Erosion Profit Shifting

Introduction: With the development of technology and globalization of businesses, Multinational enterprises (MNEs) have started designing their business operations in a way to minimize their global tax cost through making effective use of tax rules and applicable exemptions available under tax treaties. However, on the other hand, International Tax Rules have not been able to … Read more

Import Export Code – FAQ

FAQ Q1. What is the technical requirement for filing an IEC? A valid PAN Valid Mobile Number and Email ID. Scanned copy of the documents to be uploaded. Q2. How to apply for new IEC application? On the DGFT website under Quick links select Apply for New IEC/Modify existing IEC. Enter PAN and press Search … Read more

Export of Roasted Gram in consumer packs up to one Kg is permitted

(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section (ii)) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification 40/2015-20 New Delhi, Dated : 15 February, 2016 Subject: Amendment in export policy of Pulses. S.O.(E) In exercise of the powers conferred by Section 5 of … Read more

All varieties of onions can be exported without any Minimum Export Price

(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section ii)  Notification No. 29 /2015-20    Subject:- Export Policy of Onions- Removal of Minimum Export Price (MEP) on Onions.     2.                  Para 2 of Notification No. 26 dated 11.12.2015 is amended to read as: “Export of onion for the item … Read more

The Minimum Export Price (MEP) for export of onions is revised to US$ 400

(To be Published in the Gazette of India Extraordinary Part-II, Section – 3, Sub-Section ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 26/2015-20 New Delhi, Dated: 11th December, 2015 Subject:- Export Policy of Onions- revision in Minimum Export Price (MEP). S.O. (E)        In exercise of powers conferred … Read more

Format of CA Certificate required for Factory Stuffing

TO WHOM SOEVER IT MAY CONCERN We hereby confirm that we have examined the prescribed register and also relevant of record and audited accounts of M/S. XYZ At: ADDRESS,   PIN—— for the Period of 2014-2015. 1-      M/S. XYZ  have made the following Export in the Preceding one licensing Year. 2-      The following Documents/Record have been furnished … Read more

Basic customs duty on wheat has been increased from 10% to 25% for a period up to 31.03.2016

Government has made the following changes in indirect tax rates, effective from today, that is 19th October, 2015:  1) In view of the continued fall in international prices of wheat and the anticipated adverse impact of increased imports during the first half of this financial year, basic customs duty on wheat has been increased from … Read more