News Update

ED attaches Dubai-based Midwest Hotel, 14 commercial and residential properties worth Rs 203 Cr of Iqbal Mirchi under PMLAGST - VKC Footsteps decision disagreed as Gujarat High Court failed to take into consideration scope, function and impact of proviso to Section 54(3): HCCCI gives nod to proposed combination of Midlife & API HoldingsGST - Parliament has used double negative in proviso to s.54(3) - Proviso performs larger function of limiting the entitlement of refund: HCGST - Inverted Duty Structure - Refund - This is clearly in nature of benefit or concession and cannot be equated with refund claim for excessive taxes that were paid inadvertently: HCGST - Un-amended Rule 89(5) exceeded scope of s.54(3)(ii) and extended benefit of refund to credit that accumulates both on account of rate of tax on 'inputs' and 'input services': HCNTPC invites EoI for setting up manufacturing facility within plant premisesGST - If words 'input services' are read into Rule 89(5) then it becomes ultra vires Section 54(3)(ii): HCPM to have tête-à-tête with CMs of 7 States on COVID-19COVID-19 - PM to interact with CMs of 7 States reporting skyrocketing graph of new cases on WednesdayRajya Sabha okays amendments to Companies Bill & Banking Regulation BillDeficits and fulfilling promises to States - A different viewCus - Procedure for rejection of declared value u/r 12 of CVR is mandatory in nature - the mandate of Rules 4 to 9 must be satisfied sequentially before invoking provisions of Rule 12: CESTATIFSCA Panel submits interim report on international retail businessST - Even if receipts under Club & Association service, earned by a society registered under Societies Registration Act are treatable as its income, no service tax is leviable on such amount: CESTAT46K villages in Bihar to be connected with OFC Internet by Mar 31, 2021Cus - It is a substantive right of the exporter to claim drawback; should not be denied on account of procedural irregularities: CESTATIEA, NITI Aayog launch Report on Sustainable RecoveryPenalty cannot be imposed for alleged breach of one limb of Sec 271(1)(c), if penalty proceedings were initiated for breach of other limb of Sec 271(1)(c): HCRailways needs Rs 50 lakh Cr by 2030; to rely more on PPPAssessment u/s 153A can be resorted to only if any material incriminating the assessee is found during Search operation conducted u/s 132: ITATCBDT notifies scope of faceless assessment with cut-off date of Aug 13Income tax officers compulsorily retired under Rule 56(j) - Representation - Govt constitutes Panel

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (I)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS

NOTIFICATION NO

90/2020-Customs (N.T.), Dated: September 17, 2020

In exercise of the powers conferred by section 157 read with section 46 of the Customs Act, 1962(52 of 1962), the Board, hereby makes the following regulations further to amend the Bill of Entry(Forms) Regulations, 1976, namely:-

1. (1) These regulations may be called the Bill of Entry (Forms) (Amendment) Regulations, 2020.

(2)They shall come into force with effect from the 21st September, 2020.

2. In the Bill of Entry (Forms) Regulations,1976, for Form I, Form II and Form III, the following Forms shall be substituted, namely:-

"FORM-I

(See regulation 3)

Bill of Entry For Home Consumption Licence No.

Bill of Entry For Warehousing
Licence No.
Port Code as applicable )

S = Sea

A= Air

L = Land

Bond S. No. & Date
Import Dept. S. No. and Date
Customs Broker Code
Importer Code(IEC/ GSTIN/PAN etc as applicable)
Importer’s Name and Address
Vessel’s Name
Rotation No. Date
Line Number
Port of Shipment
Country of Origin and Code
Country of Consignment (if different) and Code
Bill of Lading Date
PACKAGE
QUANTITY
GOODS
CUSTOMS
DUTY
ADDITIONAL
DUTY
IGST

F.No.450/108/2017-Cus IV]

(Ananth Rathakrishnan)
Deputy Secretary (Customs)

Note :- The principal regulations were published vide notification number 396-Customs (N.T.) dated the 1st August, 1976, superseded by notification number 03/88-Customs (N.T.) dated 14th January,1988 published in the Gazette of India vide G.S.R. 30 (E) dated the 14th January,1988 and then restored by notification number 77/89 dated 27th December, 1988 published in the Gazette of India vide number G.S.R. 1067(E) dated 27th December, 1989 and were last amended vide notification number 65/2017 - Customs(N.T.), dated the 30th June, 2017 published in the Gazette of India vide number G.S.R. 810(E) dated the 30th June, 2017.

 

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NEW DELHI

NOTIFICATION NO

89/2020-Customs (N.T.), Dated: September 17, 2020

S.O. 3182(E).- In exercise of the powers conferred by sub-section (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 40/2012- Customs (N.T.), dated the 2nd May, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 993(E), dated the 2nd May, 2012, namely: -

In the said notification, in the Table,-

i. against serial number 3, in column 3, after item (viii), the following item shall be inserted, namely:-

"(viiia) Section 28DA;" ;

ii. against serial number 4, in column (3), after item (ia), the following item shall be inserted, namely:-

"(ib) Section 28DA;" ;

iii. against serial number 5, in column (3),-

a. after item (iva), the following items shall be inserted, namely :- "(ivb) section 30A;";

b. after item (vi), the following items shall be inserted, namely :- "(via) section 41A;";

c. after item (xi), the following items shall be inserted, namely :- "(xia) section 53 ;".

2. This notification shall come into force on the 21st September, 2020.

[F. No. 450/47/2019-Cus.IV]

(Ananth Rathakrishnan)
Dy. Secy. (Customs)

Note: The principal notification number 40/2012-Customs (N.T.), dated the 2nd May, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 993(E), dated the 2nd May, 2012 and was last amended by Notification No. 43/2019-Customs (NT) dated the 18th June, 2019, published in the Gazette of India, Extraordinary vide number S.O. 1974(E) dated the 18th June, 2019. Uploaded