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Referencer Library - Latest Documents - Last 90 Days

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1. 

Highlights of the Union Budget 2023-24.

01.02.2023

The major budget announcement was the increase in the rebate limit for paying income taxes to Rs 7 lakh. Further, railways has been accorded its highest-ever capital outlay of Rs 2.40 lakh crore.

 

Announcing its last full budget before the 2024 elections, the read more »

2. 

2nd highest Gross GST collection in January 2023, breaching earlier 2nd highest record in the Month of October 2022.

21.01.2023

Rs 1,55,922 crore gross GST revenue collected in the month of January 2023

 

Second highest collection ever, next only to the Rs 1.68 lakh crore gross collection in April 2022

GST collection crosses Rs 1.50 lakh crore mark for the read more »

3. 

Countervailing Duty (CVD) on Saccharin and Its Classification.

15.12.2022

1. As per the Notification No.04/2022-Customs (CVD) dated 21.10.2022, final Countervailing Duty (CVD) has been levied on import of Saccharine originating in or exported from Thailand. The said goods is specified in column (3) of the table of the said notification falling under tariff item 29251100 of read more »

4. 

Classification of Goods under Customs Tariff.

15.12.2022

1. Introduction :

1.1. The important Customs related functions include the collection of Customs duties on imports and exports as per the Customs Act, 1962 and the Customs Tariff Act, 1975. In relation to collection of customs duties on imports and exports, goods read more »

5. 

ANTI-DUMPING DUTY ON N, N'-DICYCLOHEXYL CARBODIIMIDE (DCC) AND ITS CLASSIFICATION.

15.12.2022

As per the Notification No. 12/2022-Cus. (ADD), dated 28-04-2022, Anti-Dumping Duty (ADD) has been levied on import of N, N′-Dicyclohexyl Carbodiimide (DCC) originating in or exported from China PR. The said goods is specified in column (3) of the table of the said notification falling under the read more »

6. 

DRI arrests Tardeo resident involved in Rs. 500-cr iPhone smuggling racket.

04.12.2022

Mumbai: The Mumbai zonal unit of Directorate of Revenue Intelligence (DRI) claims to have unearthed a major racket involving M/s Salecha Electronic Inc and M/s 2000 Semiconductors that allegedly imported iPhones worth around Rs. 500 crore by mis-declaring gadgets as “computer parts and memory modules”. According to read more »

7. 

Three rates better than one flat rate.

06.11.2022

After our Prime Minister made out a strong case against a flat rate of tax in GST, the debate on this issue has assumed more importance. Rahul Gandhi has said recently that if Congress comes to power, it will make one flat rate for GST. 

Flat read more »