TIOL - Tax News, GST, Income Tax, Service Tax, Customs, Central Excise, International Taxation, Fiscal Policy, Monetary Policy, Economy, Revenue, Judicial Decisions, Tax Rulings & Tax Video

News Update

Air fares down by 14% to 61% after Govt steps in: Scindia MPC goes for no change in repo rate; GDP growth projected to be 6.5%Even if China is a Candy, unplugging is only future for Western MNCs!Monsoon finally soaks Kerala today: IMD I-T - AO should not trigger reassessment proceedings simply on basis of information made available to him which had its source in insight portal: HC UK to host world’s first summit on AI Domestic pax doubled from 60 mn in 2014 to 143 mn in 2020: Scindia Canadian wildfire smokes envelope North-East US; Air-quality warning issued I-T- Late fees u/s 234E of Act can be levied only prospectively w.e.f. 01.06.2015 : ITAT Kenyan Finance Bill triggers protests; Police make good use of tear gas shells Indian defence sector on cusp of major revolution under 'Aatmanirbhar Bharat': Defence Secy Volvo showcases first all-electric SUV ST - A sub-contractor would be liable to pay Service Tax even if main contractor has discharged Service Tax liability on activity undertaken by sub-contractor in pursuance of contract: CESTAT India will have 200 airports in next 5 yrs: Scindia 25 lakh food business operators to be trained by FSSAI in next 3 years Over 80% Indian depositing Rs 2000 note in account; not exchanging: Report ST - Charges of suppression of tax are not sustainable when assessee is maintaining proper records & is filing statutory documents & also underwent an audit: CESTAT India-US trade dialogue - Export control regulations reviewed India has emerged as 2nd Largest Producer of Crude Steel in world: Minister

Untitled Document

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

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

NOTIFICATION NO

40/2023-Customs (NT), Dated: June 07, 2023

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Central Board of Indirect Taxes and Customs Notification No.39/2023-CUSTOMS (N.T.), dated 1st June, 2023 with effect from 8th June, 2023.

In the SCHEDULE-I of the said Notification, for serial No.18 and the entries relating thereto, the following shall be substituted, namely: -

SCHEDULE-I

Sl.No.	Foreign Currency	Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)	(2)	(3)
		(a)	(b)
		(For Imported Goods)	(For Export Goods)
18.	Turkish Lira	3.85	3.60

[F.No.468/01/2023-Cus.V]

(Harish Kumar)
Under Secretary to the Govt. of India

TIOL Tube

TIOL Awards 2022 - Gold & Silver

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

May 2023 Edition

June 08, 2023 | New Delhi

Domestic pax doubled from 60 mn in 2014 to 143 mn in 2020: Scindia

June 08, 2023 | New Delhi

Indian defence sector on cusp of major revolution under 'Aatmanirbhar Bharat': Defence Secy

June 08, 2023 | New Delhi

25 lakh food business operators to be trained by FSSAI in next 3 years

June 08, 2023 | New Delhi

India has emerged as 2nd Largest Producer of Crude Steel in world: Minister

View All»

Mr. Nikhil Gupta, Global Indirect Tax Lead, Wipro Enterprises Pvt Ltd sharing his thoughts at the TIOL Awards 2022 event.

June 08 2023

DTAA - power of revision is rightly exercised where original assessment order does not consider explanations given by assessee & no reasons given for accepting income declared by assessee: ITAT

June 08, 2023

TP - Better capacity utilization on presumption of having running for more years, is no basis to exclude functionally similar companies: ITAT

June 08, 2023

Trade Marks Act - Case can be disposed of as nothing survives for adjudication because of settlement agreement between parties : HC

June 08, 2023

Trade Marks Act - Writ petition can be disposed of as Registrar of Trademarks would take decision on petitioner's application within period of six weeks : HC

Mr. Vishweshwar Mudigonda, Partner, Deloitte Touche Tohmatsu India LLP sharing his thoughts at the TIOL Awards 2022 event.

Income Tax	Customs	Excise	Service Tax	FEMA	DGFT	SEZ	Misc	Pitara	Budget
Faceless Scheme Direct Tax Vivad se Vishwas Black Money Basket Benami Act BM Cases e-Assessment Notifications Circulars Instructions SC Cases HC Cases ITAT Cases Advance Ruling Other Cases Directorate of Income Tax (Systems) Citizen's Charter Reports	Customs Rules N T/CAA/DRI Valid Tariff Notfn Tariff Notfn CVD Non Tariff Notfn Circulars Anti-dumping Notfn Safeguard Duty Notfn SC Cases HC Cases Cestat Cases Advance Ruling Settlement Drawback Cases MISC Circulars	Sabka Vishwas Scheme 2019 Valid Non Tariff Notfn CCRs - 2017 Central Excise Rules Valid Tariff Notfn Tariff Notfn Non Tariff Notfn Circulars SC Cases HC Cases Cestat Cases Advance Ruling Cesses Notifications Excise Amendment MISC Circulars Settlement Commr.(A) Order Tribunal	Sabka Vishwas Scheme 2019 Accounting Head Notifications Service Tax Rules Circulars SC Cases HC Cases Cestat Cases Advance Ruling FAQ Finance Act, 1994 Commr. (A) Orders Removal of Difficulty VCES Miscellaneous	FEO Act DIPP Notification FDI Approved Exchange Manual Fema Notifications SC Cases HC Cases RBI Notifications RBI Circulars Act Rules Regulations Master Circulars PMLA Notifications Depository Scheme Press Note	Notifications Circulars Public Notices Trade Notice FTDR Amendment 2010 MISC	Notifications Instructions Act 2005 Rules 2006 DGEP State Acts State Policy MISC	SC Cases HC Cases VAT Cases Miscellaneous	TPRU Service News Promotion Transfer Deputation Posts Cadre Review Transfer Policy Training Circulars Recruitment Rules Pay Commission Service Cases Empanelment MISC	Budget Speeches Union Budgets Economic Surveys TRU - D. O. Letter Finance Acts Finance Bill Budget Circular Finance Commission

News Update

TIOL Tube Latest

VISION 360

Top News

TII LATEST

TIOLCORPLAWS LATEST