Indirect Taxes

CBIC notified exchange rates effective from 6-5-2022.

Notification No. 40/2022 – Customs (N.T.) dated 5-5-2022

Issue involved is of interpretation and thus, the bona fides of appellant to hold a different opinion cannot be suspected and thus extended period cannot be invoked.

M/s Rajendra Mittal Construction Company Pvt. Ltd. v. Commissioner, Central Excise and Service Tax, 2022-TIOL-373-CESTAT-DEL

Preferential Certificate of Origin for exports to UAE to be issued from CoO e-platform w.e.f. 1-5-2022.

Notification No. 01/2015-2020 dated 29-4-2022, Trade Notice No. 5/2022-23 dated 29-4-2022.

Customs Tariff (Determination of Origin of Goods under CEPA between India and UAE) Rules, 2022 notified.

Notification No. 39/2022 – Customs (N.T.) dated 29-4-2022.

India-UAE Comprehensive Economic Partnership Agreement (CEPA) enters into force w.e.f. 1-5-2022.

Press Release dated 1-5-2022

CBIC issues instruction for granting exemption from customs duty on parts of specified medical oxygen related equipments.

Instruction No. 4/2022, dated 27-4-2022.