Wednesday, May 30, 2018

HC admits challenge to 'pre-import condition' for availing exemption under Advance Authorization scheme


Delhi HC admits writ petition challenging constitutional validity of amendment to Notification No. 18/2015–Cus vide Notification No. 79/2017-Cus whereby exemption from IGST and Compensation Cess on inputs under Advance Authorization Scheme has been subjected to “pre-import condition”; Petitioner has also challenged amendment to Para 4.14 of FTP vide Notification No. 33/2015-20 in this regard; Matter has been listed for hearing on August 8

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Deferred Customs Duty for Manufacturers: EMI Scheme Takes Effect from 1 April 2026

  In a significant move to ease working capital pressures for manufacturers, the Central Board of Indirect Taxes and Customs (CBIC), vide Ci...