Statutory updates

Transvahan Technologies India Pvt. Ltd. & Another And Sepson AB and its group entities & Another

Export Duty on Onions under Customs Tariff Act

The Central Government amends the Second Schedule to the Customs Tariff Act, 1975, to prescribe an export duty on onions.

48/2023-Customs : Seeks to prescribe an effective export duty of 40% on onions till 31st December 2023

Amendment in Appendix 4B of Handbook of Procedures, 2023

The Directorate General of Foreign Trade amends Appendix 4B of the Handbook of Procedures, 2023.

Export Policy Clarification for Non-Basmati White Rice

The Directorate General of Foreign Trade clarifies that the export conditions for non-basmati white rice under HS Code 1006 30 90 are independent of each other.

Investment Guidelines for NPS and APY Schemes

This master circular consolidates investment guidelines for various National Pension System (NPS) and Atal Pension Yojana (APY) schemes.

Income Tax Eighteenth Amendment Rules 2023 for Residential Accommodation

The Central Board of Direct Taxes issues the Income-tax (Eighteenth Amendment) Rules, 2023 to amend the rules for the valuation of residential accommodation provided by employers.

Competition Commission Order on UPL Sustainable Agri Solutions Acquisition

The Competition Commission of India rules that the green channel notice filed by Platinum Jasmine A 2018 Trust and TPG Upswing Ltd for acquiring a stake in UPL Sustainable Agri…

XYZ (Confidential) And H.N.B. Garhwal University & Others

39/2023-Central Tax : Seeks to amend Notification No. 02/2017-Central Tax dated 19.06.2017

40/2023-Central Tax : Seeks to appoint common adjudicating authority in respect of show cause notice issued in favour of M/s United Spirits Ltd.

61/2023-Customs (NT) : Exchange Rate Notification No. 61/2023-Cus (NT) dated 17.08.2023-reg.

Income-tax (Seventeenth Amendment) Rules, 2023

The Central Board of Direct Taxes issues the Income-tax (Seventeenth Amendment) Rules, 2023 to amend rule 26 of the Income-tax Rules, 1962.

Guidelines on Tax Exemption under Section 10 Clause 10D for Life Insurance Policies

The Central Board of Direct Taxes issues guidelines on income tax exemption under clause 10D of section 10 of the Income-tax Act 1961 for life insurance policies issued on or…

Final Notice for On-boarding on DGFT CoO Platform

Agencies and chambers notified under Appendix-2E must complete on-boarding on the DGFT Common Digital platform for Non-Preferential Certificate of Origin by 31st August 2023.

Income Tax Sixteenth Amendment Rules 2023

The Central Board of Direct Taxes issues the Income tax Amendment (Sixteenth Amendment) Rules, 2023 to amend the Income-tax Rules, 1962.

Income Tax Exemption for Urban Improvement Trust Udaipur

The Central Government notifies specified income of Urban Improvement Trust Udaipur under section 10 of the Income-tax Act, 1961.

Exemption for Haryana Water Resources Authority

The Central Government notifies the Haryana Water Resources Authority for income tax exemption under section 10 clause 46 of the Income-tax Act.