Monthly Archives: April 2021

CBIC vide Notification Number 41/2021- customs (N.T.) dt. 05.04.2021 makes Customs (Verification of Identity and Compliance) Regulations, 2021

These regulations shall apply to the following class of persons who are newly engaging in import or export activity after the commencement of these regulations:- Importer;  Exporter;  Customs Broker Provided that the Commissioner of Customs may select any person, who … Continue reading

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Foreign Trade Policy (2015-2020) validity Extended till 30/09/2021

In exercise of powers conferred by Sec 5 of Foreign Trade (Development & Regulation) Act, 1992 read with para 1.02 of Foreign Trade Policy(FTP) 2015-2020 the validity of existing Foreign Trade Policy 2015-20 which was valid upto 31.03.2021 has been … Continue reading

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Government of Karnataka has launched “Karasamadhana Scheme, 2021” to clear the tax arrears pertaining to erstwhile Tax Regime (pre-GST)

Karasamadhana Scheme’,2021 grants waiver of 100% arrears of penalty and interest payable by dealer/person/proprietor as the case may be relating to the assessment or reassessment already concluded and to be concluded on or before July 31,2021 under following Acts, namely.- … Continue reading

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