CBIC Instruction on classification of parts & accessories of automobiles comes as relief after much debated Westinghouse judgment We apprised you regarding rising disputes on classification of parts and accessories of automobiles in light of the Supreme Court...
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...
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,...
Amendment in Legal Metrology (Packaged Commodities) Rules, 2011 w.e.f. April 1, 2022 The Legal Metrology (Packaged Commodities) Rules, 2011 (‘LMPC Rules’) provides various declarations to be made on retail and wholesale packages. Recently, Ministry of Consumer...
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...
Notifications and Circulars issued pursuant to changes proposed in 45th GST Council Meeting We shared booklet ‘NITYA Insight | Issue 236 | Changes proposed in 45th GST Council Meeting’ containing our insight on various recommendations of GST Council. Recently...
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