The Central Board of Indirect Taxes and Customs has changed the place of supply for B2B MRO services in the case of the shipping industry, to the location of the recipient of service.
The Finance Ministry on 31st May 2021 exempted the Customs Duty on "Amphotericin B" that is used to treat Mucormycosis, commonly known as Black Fungus, till 31st August 2021.
Earlier, this exemption was notified till 30th June 2021, however, considering the drastic impact of the second wave of the COVID-19 pandemic, the Central Government on 31st May 2021 extended the same to 31st August 2021.
Tariff Notification No. 49 /2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.
CBIC has issued Circular No.10/2021-Customs, dated 17th May 2021 in order to assist the trade in understanding the improvements in the IGCR, 2017 so that they may make full use of the new facilities.
List of officers for expeditious clearance of drawback and refund claims by Noida Customs has been listed in this news piece.
The Central Board of Indirect Taxes and Customs has implemented the "Special Refund and Drawback Disposal Drive" with the objective of priority processing and disposal of all pending refund and drawback claims.
Ministry of Commerce & Industry, Department of Commerce has permitted the Import of oxygen concentrators for personal use through post, courier or e-commerce portals, where Customs clearance is sought as "gifts", till 31 July 2021.
Customs Duty on Imports of Inflammatory Diagnostic (marker) kits, namely- IL6, D-Dimer, CRP, LDH, Ferritin, Pro Calcitonin (PCT) and blood gas reagents, has been exempted till 31st October 2021, to supplement testing efforts.
Tariff Notification No.45/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver.
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)