TMI Short Notes

TMI Short Notes on various issues

1051. AMENDMENTS IN THE CUSTOMS ACT, 1962

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1052. AMENDMENTS IN THE CUSTOMS TARIFF ACT, 1975

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1053. AMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975

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1054. CHANGES IN CUSTOMS RULES

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1055. OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES IN RESPECTIVE NOTIFICATIONS [with effect from 2.2.2021, unless specified otherwise]

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1056. Other miscellaneous changes

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1057. Pruning and review of customs duty concessions/ exemptions

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1058. Prescribing the condition of observance of the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 (IGCR Rules, 2017) for certain conditional entries in notification No. 50/2017-Customs dated 30.06.2017, in lieu of certain exiting conditions. Besides certain other conditions for imports are being rationalized/simplified

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1059. IMPOSITION OF AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS ON IMPORT OF CERTAIN ITEMS [to be effective from 02.02.2021] [Clause [115] of the Finance Bill, 2021]

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1060. OTHER CHANGES (INCLUDING CERTAIN CLARIFICATIONS/ TECHNICAL CHANGES BY AMENDING NOTIFICATION NO. 50/2017-CUSTOMS DATED 30.06.2017

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1061. Review of levy of Social Welfare Surcharge on various items

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1062. Other Miscellaneous changes pertaining to Anti-Dumping Duty (ADD)/ Countervailing Duty (CVD)/ Safeguard Measures

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1063. EXCISE

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1064. AMENDMENT IN THE FOURTH SCHEDULE

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1065. Retrospective amendment in Chapter 27 of the Fourth Schedule to the Central Excise Act, 1944

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1066. Amendment in Chapter 27 of the Fourth Schedule to the Central Excise Act, 1944

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1067. IMPOSITION OF AGRICULTURE INFRASTRUCTURE AND DEVELOPMENT CESS (AIDC) ON PETROL AND DIESEL

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1068. CHANGE IN EFFECTIVE RATE OF BASIC EXCISE DUTY AND SPECIAL ADDITIONAL EXCISE DUTY ON PETROL AND DIESEL [to be effective from 02.02.2021]

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1069. EXEMPTIONS FOR M-15, E-20 AND OTHER BLENDED FUELS

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1070. Amendments in the Schedule VII of the Finance Act 2001 (NCCD Schedule)

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1071. Goods and Service Tax

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1072. AMENDMENTS IN THE CGST ACT, 2017

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1073. AMENDMENTS IN THE IGST ACT, 2017

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1074. Refund of unutilised ITC - inverted duty structure - Denial on Input services - Contradictory Judgements on the same issue - GUJARAT HIGH COURT allows the refund while MADRAS HIGH COURT not

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1075. Introduction of concept of mediation and Advance Ruling System for Residents to reduce tax litigation and more clarity

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1076. Supersession of regulation - Transportation of Goods (Through Foreign Territory), Regulations 1965

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1077. Retrospective Amendments of GST rate notifications

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1078. AMENDMENTS IN THE Goods and Services Tax (Compensation to States) ACT, 2017:

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1079. AMENDMENTS IN THE UTGST ACT 2017:

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1080. AMENDMENTS IN THE IGST ACT 2017:

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1081. AMENDMENTS IN THE CGST ACT 2017:

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1082. EXCISE AMENDMENT IN THE SEVENTH SCHEDULE TO THE FINANCE ACT, 2001* [Clause [145] of the Finance Bill. 2020]:

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1083. Other Miscellaneous changes pertaining to Anti-Dumping Duty/Countervailing Duty

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1084. Exemption from Social Welfare Surcharge hitherto available on certain items falling chapter 84, 85 and 90, is being withdrawn. Accordingly, notification No 11/2018-Customs dated 02.02.2018 is being amended to, -

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1085. Social Welfare Surcharge is being exempted on following items.

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1086. OTHER CHANGES (INCLUDING CERTAIN CLARIFICATIONS' TECHNICAL CHANGES)

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1087. IMPOSITION OF HEALTH CESS ON IMPORT OF CERTAIN ITEMS

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1088. Customs duty exemptions which have been granted through certain other stand-alone notifications have also been reviewed. The following notifications, which have ceased to be relevant, are being withdrawn:

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1089. Review of concessional rates of BCD prescribed in notification no. 50/2017 - Customs dated 30.62017: The BCD exemption hitherto available on certain goods are being withdrawn by omitting following entries of notification No. 50/2017-Customs dated 30.6.2017.

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1090. OTHER PROPOSALS INVOLVING CHANGES IN BASIC CUSTOMS DUTY RATES IN NOTIFICATIONS

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1091. AMENDMENTS IN THE FIRST SCHEDULE TO THE CUSTOMS TARIFF ACT, 1975

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1092. AMENDMENTS IN THE CUSTOMS TARIFF ACT 1975

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1093. AMENDMENTS IN THE CUSTOMS ACT 1962

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1094. Amendment in the provisions of Act relating to verification of the return of income and appearance of authorized representative.

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1095. Rationalisation of the provisions of section 49 and clause (42A) of section 2 of the Act in respect of segregated portfolios.

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1096. Rationalisation of provision relating to Form 26AS

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1097. Rationalisation of provisions relating to tax audit in certain cases.

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1098. Expanding the eligibility criteria for appointment of member of Adjudicating Authority under the Prohibition of Benami Property Transaction Act, 1988.

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1099. Filing of statement of donation by donee to cross-check claim of donation by donor

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1100. Rationalising the process of registration of trusts, institutions, funds, university, hospital etc and approval in the case of association, university, college, institution or company etc

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