Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The notification amends the Indian Trade Classification (Harmonized System) 2022, Schedule 1 (Import Policy) in sync with the Finance Act 2024. It provides a list of ITC (HS) codes with their item descriptions, import policies, and policy conditions that have been inserted, deleted, amended, split or merged. The changes include revisions to item descriptions, section notes, chapter-wise main notes, and supplementary notes. Key amendments relate to items like communion wafers, blended aviation turbine fuel, menthol, paracetamol, ballistic protection products, architectural membranes, carpet mats, bridges and bridge sections, parts of structures, machinery and parts for aeroplanes/helicopters/unmanned aircraft, lorries with bridging systems, and e-bicycles. The updated ITC (HS) 2022 will be available on the DGFT website.
The notification amends the Indian Trade Classification (Harmonized System) 2022, Schedule 1 (Import Policy) in sync with the Finance Act 2024. It provides a list of ITC (HS) codes with their item descriptions, import policies, and policy conditions that have been inserted, deleted, amended, split or merged. The changes include revisions to item descriptions, section notes, chapter-wise main notes, and supplementary notes. Key amendments relate to items like communion wafers, blended aviation turbine fuel, menthol, paracetamol, ballistic protection products, architectural membranes, carpet mats, bridges and bridge sections, parts of structures, machinery and parts for aeroplanes/helicopters/unmanned aircraft, lorries with bridging systems, and e-bicycles. The updated ITC (HS) 2022 will be available on the DGFT website.
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