This document is the 387th issue of Tax Connect, a publication from Tax Connect Advisory Services LLP, covering the period of 29th January to 4th February 2023. It features articles on Income Tax, GST, FEMA, Customs, and DGFT regulations, including discussions on deductibility of interest on statutory liabilities, GST applicability on incentives, and amendments to import policies. This issue is particularly useful for tax professionals, businesses, and anyone needing to stay updated on the latest tax and trade regulations in India.