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Corporate News *  The GSTN has issued an Advisory dated 21.04.2026 about the introduction of an Offline Tool for the Invoice Management System (IMS)  *  CBIC extends due dates for filing of FORM GSTR 3B  for the month of April 2026 *  Interest cannot be imposed in adjudication order, if not demanded/quantified in show cause notice : Allahabad HC *  Wheelchairs with toileting facility eligible for exemption: CESTAT affirms customs duty exemption to importer *  Industries urge GST council to allow inverted duty refunds on input services *  Tamil Nadu GST dept introduced virtual hearing facility for GST appeals under under section 107 of the TNGST act: detailed guidelines  *  CIC urges authorities to implement GST evasion complaint tracking system *  Even if the assessee opts "NO" for personal hearing in form DRC-06 ,The mandatory requirement under section 75(4) to grant opportunity of hearing cannot be waived:Gujarat High Court  *  Glufosinate imports curbs imposed by govt *  Government extends Re-import period for exported cut & polished diamonds *  CIC flags lack of tracking system for tax evasion complaints,urges GST authorities to improve transparency *  No Custodial Interrogation needed in GST fraud case based on documentary evidence already in Department's Possession : Chattisgarh HC *  Orders under section cannot be sustained if passed without considering the taxpayer's objections and without granting a personal hearing:Gujarat High Court *  Mere cancellation of supplier's registration cannot,by itself,justify denial of ITC or cancellation of the recipient's registration:Bombay High Court *  High Court sets aside GST notice citing factual errors and natural justice violations *  Provisional Bank Attachment under Section. 110 of Customs Act Unsustainable Beyond Statutory period without Extension order: Bombay HC orders to defreeze accounts *  Post Clearance MRP Alteration by Distributor Does not attract Differential Customs Duty: CESTAT *  DGFT Expands scope of 'Screws' classification under RoDTEP Scheme  *  E-way bills surze to all time high of 140.6 million in March *  GST Exemption Allowed on Pure Labour Services for Standalone Houses: AAR  *  GST Payable Only on Margin in Second-Hand Car Sales, Subject to Strict Conditions and No ITC Claim: AAR *  DGFT rolls out procedure for allocation of calcined coke *  GST portal update : Pre-deposit amount now editable in Appeals *  J&K HC declared TMT scrap a 'Specified Good' eligibile for GST refunds under Support Scheme  *  Pigmy agents are employees of banks; no GST can be levied on commission  paid to them : Karnataka HC *  DGFT Revises HS Code Description for Screws Under RoDTEP *  GST Registration Cancellation Invalid Without Proper Service of Notice: Allahabad High Court. *  Bengaluru CGST | GST Backlog Appeals Deadline Fixed at June 30, 2026 *  No Time Bar on Refund of Service Tax for Services Not Rendered: CESTAT  Remands Indiabulls Case for Unjust Enrichment Check. *  Supreme Court Holds Renewable Energy Incentive Must Benefit Generators, Not Be Adjusted in Tariff
Subject News *   Delhi HC Quashes Order, Says Reminder Cannot Validate Improperly Served GST SCN *  KARNATAKA HIGH COURT REMANDS GST SHORTFALL MATTER DUE TO ABSENCE OF PERSONAL HEARING   *  CESTAT cancels confiscation and penalties on imported computer cabinet cases: Custom duty restricted to 111 surplus units *  Deposit of tax during search or investigation cannot be treated as 'Voluntary Payment' : Bombay High Court *  Section 76 of the CGST cannot be invoked where the tax has already been duly deposited, even if through another registration of the same entity: Madras High Court *  Sec 74 allows use of material regardless of source; illegality or flaws in section 67 search do not vitiate valid adjudication: HC *  Inter-State transfer of ITC on Amalgamation permissible as given under section 18(3) read with rule 41 of the CGST rules, 2017: Gujarat High Court *  HC: No GST on commisson paid to Pigmy Agents *  IGST refund denial on illegible bill of lading invalid absent chance to furnish docs; merit reconsideration in appeals directed: HC *  ITC is not admissible on GST paid on leasehold rights of land used fpr setting up an air seperation plant: AAAR,Tamil Nadu *  GST: No penalty under Section 74 after voluntary ITC reversal due to non-existent supplier : High Court *  TN AAAR denies GST ITC on Land Lease under Sec. 17(5)(d) for setting up plant and machinery *  GST proceedings quashed as notices sent to old address, despite updated address in registration *  Importer Can’t Be Penalised for Alleged IGCR Procedural Lapses Without Evidence of Departmental Error: CESTAT *  Structured Healthcare Training Not ‘Charitable Activity’, 18% GST Payable: AAR  *  CESTAT As The Appellate Authority For Central Sales Tax Disputes: A Paradigm Shift Under Finance Act, 2023 *   Rs. 25K Cost Imposed On SGST Joint Commissioner for Attaching Bank  Accounts Without Forming Mandatory “Opinion”: Bombay HC *   Ex-Parte GST Order Without Hearing Violates Natural Justice: Karnataka  High Court Quashes Adjudication and Bank Attachment.  *   Retrospective GST Cancellation Can’t Invalidate Genuine Transactions:  Jaipur Commissioner (Appeals) Quashes Rs. 95,670 ITC Demand. *   GST Pre-Deposit Non-Compliance: Allahabad High Court Allows Appeal  Subject to Rs. 30 Lakh Balance Deposit, Recognises Offline Filing. *  Documentary Nature of Evidence: Allahabad High Court Grants Bail in Rs. 32.66 Crore Fake ITC Fraud Case *  Supreme Court Flags Systemic Bias in Army’s Permanent Commission Process for Women Officers *  Re-Determination of Land Compensation Can Be Based on Appellate Court Awards, Clarifies Scope of S. 28-A: Supreme Court. *  Supreme Court Imposes Rs. 5 Lakh Costs On Rent Authority Officer For Acting Beyond Jurisdiction. *  DGGI Meerut | Court Denies Bail to Accused in Claiming Fake ITC And Export Refunds *  Denial of GST Rate Revision Benefit to Contractor Violates Article 14: Rajasthan HC *  GST Registration Cancellation for Non-Filing of Returns: Gauhati High Court Directs Restoration on Compliance. *   Supreme Court Quashes FEMA Adjudication Orders, Revives Proceedings at  Show Cause Stage. *   Higher Rank, Harsher Punishment Justified: Supreme Court Restores Dismissal  of Bank Manager in Misappropriation Case. *   Limitation for Export Refund to Be Counted from Foreign Exchange Realisation,  Not From Export Invoices Issuance: CESTAT  

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Update on Foreign Trade Policy 2015-20 and Handbook of Procedures 2015-20 - 009/2020-21

Update on Foreign Trade Policy 2015-20 and Handbook of Procedures 2015-20 - 009/2020-21
Update on Foreign Trade Policy 2015-20 and Handbook of Procedures 2015-20
 
The Central Govt. has made following changes, with immediate effect in respect of Foreign Trade Policy 2015-20 vide notification no. 57/2015-2020 dated 31st March, 2020 and public Notice no. 67/2015-2020 dated 31.03.2020:-
  1. Foreign Trade Policy and Handbook of procedures 2015-20- Existing Foreign Trade Policy 2015-20 and Handbook of Procedures 2015-20 shall continue till 31st March 2021. The FTP 2015-2020 w.e.f. 05.12.2017 incorporating was earlier valid  up to 31st March, 2020, unless otherwise specified
 
  1. SEIS Scheme(Service Exports from India Scheme)
  2. DGFT has extended the last date of filing application for SEIS for the F.Y. 2018-19 to 31-12-2020.
  3. SEIS Scheme shall be in force for FY 2019-20 as well. However, services which would be covered under SEIS scheme for the said period shall be notified by government.
  4. Decision regarding whether to continue the SEIS scheme for FY 20-21 shall be taken by the Government later and notified accordingly.
 
  1. Advance Authorisation
  2. The exemption from payment of IGST and compensation cess in case of import against advance authorisation for physical exports has been extended for 1 year i.e. till 31.03.2021.
  3. Moreover, Validity period for making imports under various duty free import authorizations (AA/DFIA/EPCG)  and export obligations expiring between 01.02.2020 and 31.07.2020, has been allowed automatic extension for another six months from the date of expiry, without requirement of obtaining such endorsement on these authorizations.
  4. Last date for filing Replenishment Authorisation Application extended by six month, if the last date of the same is falling between 01.02.2020 to 31.07.2020.
 
  1. DFIA
  2. Validity of DFIA (Including transferable DFIA) to be extended by six months, in case the same is getting expired between 01.02.2020 to31.07.2020.
 
  1. EPCG Scheme
  2. The exemption from payment of IGST and compensation cess in case of capital goods imported under EPCG Scheme for physical exports has been extended for 1 year i.e. till 31.03.2021
  3. Where the validity period for making import under this scheme or submission of installation certificate or export obligation period expires during 01.02.2020 to 31.07.2020, the same shall get automatically extended by 6 months.
  4. Whereever the period to make export is expiring between 01.02.2020 and 31.07.2020 under this scheme, automatic extension in the export obligation period is allowed for another six months from the date of expiry, without payment of any composition fee
 
  1. EOU/ EHTP/STP/BTP
  2. The imports and/ or procurement from bonded warehouse in DTA or from international exhibition held in India shall be allowed without payment of duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 and additional duty, if any, leviable thereon under Section 3(1), 3(3) and 3(5) of the said Customs Tariff Act, Integrated tax and compensation cess leviable thereon under section 3(7) and 3(9) of the Customs Tariff Act, 1975 and such exemptions would be available upto 31.03.2021.
  3.  LOP/ LOI whose validity expires on or after 01.03.2020 shall be deemed to be valid upto 31.12.2020.
  4. Export Obligation Period for certain commodities under para 6.06(c) of HoP, in case expires between 1-3-2020 to 30-6-2020, it would be deemed to be valid up to 30-9-2020.
  5. QPR for quarter ending March, 2020 and June, 2020 & APR for Financial Year 2019-20 can now be filed till 30-9-2020.
 
  1. MEIS
  2. Exports for which Let Export Order (LEO) date is between 1-2-2019 and 31-5-2019, the applications can be filed within 15 months from LEO date, instead of 12 months.
 
  1. RoSCTL Scheme-
a. Last date for filing RoSCTL (Rebate of State and Central Levies and Taxes) application for shipping bills having LEO date from 7-3-2019 to 31-12-2019, has been extended from 30-6-2020 to 31-12-2020.
 
  1. DFIA Scheme
a. All DFIAs (including transferable DFIAs), where the validity for import is expiring between 1-2-2020 to 31-7-2020, the validity stands extended by six months from the date of expiry.
 
  1. Miscellaneous
  2. Under the Import of branded jewellery and precious metals & Re-export Scheme, and Exports against Supply by Foreign Buyer, in case the last date for export falls between 1-2-2020 to 31-7-2020, the same will get extended by 6 months. However, relaxation in repatriation of sale proceeds/Forex realisation period in case of export of branded jewellery and precious metal as provided in Para 4.80 and 4.85A of HBP 2015-20 would be equal to period as allowed plus six months, or subject to RBI guidelines, whichever is less.
  3. Date of filing of applications for TED Refund/ Drawback extended upto 30.09.2020, in case it falls on after 01.03.2020.
  4. Validity of Status holder certificate has been extended up to 31-3-2021.
  5. Application for claiming benefits under the Transport and Marketing Assistance for Specified Agriculture Products Scheme for the quarter ending 31-3-2019 and 30-6-2019 can be filed till 30-9-2020.
  6. Late cut fee under para 9.02 must only be imposed on application filed after expiry of due date prescribed under the PN 67/2015-20 dated 31-3-2020.
 This is solely for educaational purpose.

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