The Customs Authority for Advance Rulings (Amendment) Regulations, 2022.
The service of notices or documents required to be served on the parties to the application or petition and in the case of a Principal Commissioner or Commissioner may be served as per the provisions of the Act.
The Government of Andhra Pradesh notifies New Bar Policy 2022.
The license fee and annual non-refundable registration charge for each of the licenses shall be enhanced @10% every year.
Ministry of Ports issues guidelines for reviving stressed projects.
These guidelines will pave the way for resolution of the cases under arbitration. The port asset is likely to be put to use through re-bidding. This will definitely result in unlocking the blocked cargo handling capacity of approximately 27 MTPA thereby creating better trade opportunities for the prospective investors and Port Authority will start generating revenue.
Karnataka Excise (Brewery) (Draft Amendment) Rules, 2022.
“Craft brewery” means a small brewery with an installed capacity not exceeding 2 Lakh litres per annum in a place having not less than 4,000 sq. feet built up area, wherein only bottled Beer is manufactured, and includes every place therein, where bottled Beer is stored or issued”
Government of Karnataka notifies Karnataka Excise (Bottling of Liquor) (Draft Amendment) Rules, 2022.
In the event of death of the licensee or the lessee, during the currency of the licence or lease, the Excise Commissioner may on an application by the legal heir of the deceased licensee or lessee, transfer the Bottling licence or the lease as the case may be in their favour, if such legal heir is eligible for grant of Bottling licence.
Ministry of Finance exempts all customs duty on Cotton imports till 30th September 2022.
At present, there is a 5% basic customs duty (BCD) on cotton imports and 5% Agriculture Infrastructure and Development Cess (AIDC) on raw cotton. Since the industries has been demanding waiver of duty to lower domestic prices, CBIC has notified the exemption from Customs duty and Agriculture Infrastructure development Cess for import of cotton.
The Bihar Prohibition and Excise (Amendment) Act, 2022.
A new section 57-A which deals with Destruction of seized Items, particularly Intoxicants and section 57B which deals with Things or premises liable to be released upon penalty has been inserted through this amendment.
The Customs (Electronic Cash Ledger) Regulations, 2022.
The electronic cash ledger shall be maintained in FORM ECL-1 on the common portal for each person in regard to every deposit made towards duty, interest, penalty, fee or any other sum payable by the person and the deposit made in the electronic cash ledger shall not accrue any interest.
Finance Bill, 2022
The Finance Bill, 2022 give effect to tax proposals in Budget, 2022.
CBIC grants exemptions to the requirement to credit to the electronic cash ledger
CBIC has exempted the deposits with respect to goods imported or exported in customs stations where customs automated system is not in place from the requirement to be credited to the electronic cash ledger of such person.
