Change in Customs Tariff w.e.f. January 1, 2022

Change in Customs Tariff w.e.f. January 1, 2022

Change in Customs Tariff w.e.f. January 1, 2022 This is to update you that Section 104(iii) of the Finance Act, 2021 which prescribed amendments in the First Schedule of the Customs Tariff Act, 1975 (‘Customs Tariff’) will become effective from January 1, 2022. This...
NITYA | Indirect Tax Bulletin | December 2021 | Week 4

NITYA | Indirect Tax Bulletin | December 2021 | Week 4

NITYA | Indirect Tax Bulletin | December 2021 | Week 4 Please click on the below link to NITYA | Indirect Tax Bulletin | December 2021 | Week 4 (Legal Precedents and Recent News) covering all recent updates. NITYA I IDT Bulletin I December I Week 4 We hope you will...
Non acceptance of MEIS claims by ICEGATE portal

Non acceptance of MEIS claims by ICEGATE portal

Non acceptance of MEIS claims by ICEGATE portal We apprised you that the Delhi High Court has also accepted challenge to capping benefits under Merchandise Exports from India Scheme (‘MEIS’). To add to exporters’ woes and much to everyone’s surprise,...
BCD rate on goods suitable for use in motor vehicles

BCD rate on goods suitable for use in motor vehicles

BCD rate on goods suitable for use in motor vehicles Several auto OEMs and part manufacturers are dealing with classification disputes vis-à-vis parts and accessories of motor vehicles. For imported goods, there is a customs duty arbitrage under Heading 8708 / 8714...
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