Knowledge Base

Terms of Issuance of Duty Credit under RoDTEP
Now, vide Notification No. 76/2021-Customs (N.T.) dated 23rd September 2021, the Central Government has provide the manner to issue duty credit for goods exported under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme in accordance with Foreign Trade Policy. Benefit under the scheme shall be granted subject to such restrictions and conditions as specified in this notification.
By CA. Sachin Jindal
Last update on October 12,2021
Mandatory to mention FSSAI License Number on Invoices/Bills/Receipts etc.
To resolve issue of limit access of FSSAI License number to consumers, Food Safety and Standard Authority of India has made it compulsory to mention 14 digits FSSAI license or registration number on all cash receipts/purchase invoices/cash memo/bills/receipts etc. by all FBOs.
By CA. Sachin Jindal
Last update on September 30,2021
Guidelines for Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme
On 17th August, 2021, Ministry of Commerce & Industry provided detailed guidelines of RoDTEP scheme and made necessary modifications in Foreign Trade Policy 2015-2020 with immediate effect.
By CA. Sachin Jindal
Last update on August 24,2021
Guideline on how to obtain FSSAI Licenses for E-commerce food sellers and operators
The FSSAI guidelines, enlisted in the month of February 2018, made it essential for e-commerce food operator platforms to display FSSAI license or Registration number of the listed business.
By CA. Sachin Jindal
Last update on May 25,2021
Pre-packaged insolvency resolution of MSMEs under IBC
The Central Government on 4th April 2021, promulgated the IBC Amendment Ordinance 2021, allowing a pre-packaged insolvency process MSMEs.
By CA. Kavit Vijay
Last update on May 12,2021
All about new Labour codes
One of the biggest impacts of the new labour law will be on the take-home salaries, which is expected to reduce, owing to the fact that the government is eyeing increasing contributions towards provident fund (PF) and other post-retirement schemes. The new laws are expected to come into play soon, which will force employers to modify their employee compensations
By CA. Sachin Jindal
Last update on April 14,2021
MSME Registration | New Requirements & Procedures
Registrations of entities under Micro, Small and Medium enterprises (“MSME”) is increasing every day due to various benefits being offered by the government for MSMEs such as Loan at subsidies rate of interest, subsidies, secured payment from corporates etc. Provisions of MSME are prevailing since 2006 and basis of classification of an entity under MSME […]
By CA. Kavit Vijay
Last update on March 9,2021
Strict Compliance of Limitation while filing appeals/ Petitions by Government
CBIC highlighted that detailed procedures are provided for processing of Department ligitations. However, such procedures are not being followed seriously and therefore, delayed departmental appeals/petitions are filed before the Hon’ble Courts
By CA. Sachin Jindal
Last update on March 5,2021
IEC details need to be confirmed every year to keep it remain active
In the recent Notification No. 28/2015-2020 dated 12th February 2021, DGFT make it mandatory for all IEC holders to ensure that the details in its IEC is updated electronically every year, during April - June Period. In case where there are no changes in IEC details same are also needs to be confirmed online.
By CA. Sachin Jindal
Last update on February 27,2021
Jewellers and Real Estate agents under Purview of PMLA
With effect from 28th December, 2020, every jeweller who is engaged in cash transactions of INR 10,00,000 or above (through single operation or several linked operations) and Real Estate agents having annual turnover of INR 20 Lacs or more, is covered by PMLA
By CA. Kavit Vijay
Last update on February 22,2021

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