Category: Updates

Claim refund, if excess tax paid on Royalty

By Anshul Mittal, Partner, RSA Legal Solutions Claim refund, if excess tax paid on Royalty  With the advent of Globalization, the interaction among general masses has become possible at one touch, so is carrying out businesses & professions by using advance technologies even from the distant nations. One of such arrangements is sharing of technical […]

E-Waste (Management) Rules, 2022

FEBRUARY 22, 2023: Tax India Online By Anshul Mittal, Partner, RSA Legal Solutions OVERVIEW THE E-Waste (Management) Rules, 2022, will be enacted from 1st April 2023 to regulate the disposal, recycling, and management of e-waste. These rules will apply to every manufacturer, producer, refurbisher, dismantler, and recycler involved in the production, sale, transfer, purchase, refurbishment, dismantling, […]

Procurement of HSD – Refund/Exemption of Excise duty to Exporters

OCTOBER 15, 2018 – Tax India Online           By S C Jain, Managing Partner, RSA Legal Solutions THIS article highlights a key benefit of refund of Excise duty paid on procurement of HSD for use in the manufacture of export products, which majority of manufacturing exporters in India are not claiming or are unaware about after […]

SVB Investigation must be scrapped

OCTOBER 29, 2018- Tax India Online By S C Jain, Managing Partner, RSA Legal Solutions THE cumbersome process of Special Valuation Branch (SVB) Investigation was previously governed by the CBEC Circular No. 11/2001-Cus dated 23.02.2001. The said process entailed deposit of Extra Duty Deposit (EDD) @ 1% or 5% pending SVB Order. The said SVB […]

New Foreign Trade Policy – baneful provisions

New Foreign Trade Policy – baneful provisions DECEMBER 27, 2017 -Tax IndiaOnline By Rajat Dosi POST Mid Term Review of the Foreign Trade Policy (FTP), the new and updated Policy has been released and implemented. Although majority of the changes are beneficial to the trade and industry, there are certain areas that have proved to […]

IGST and Physical exports: Amendment to FTP

IGST and Physical exports: Amendment to FTP OCTOBER 25, 2017-TaxIndiaOnline By S C Jain, Managing Partner, RSA Legal Solutions AFTER the revamp of earlier indirect taxation regime and introduction of new Goods and Services Tax law, there has been the paradigm shift to the whole trade sector which has an impact on every sphere of business […]

Customs Valuation – Extinction of arbitrary 1% landing charges

OCTOBER 06, 2017 By Anshul Mittal & Abhishek Jain, Partners, RSA Legal Solutions IN the case of M/s Wipro Ltd. Vs. Assistant Collector of Customs – 2015-TIOL-79-SC-CUS the Apex Court  held that under Customs Valuation, an arbitrary loading of 1% as landing cost towards loading, unloading and handling charge is unsustainable and it will apply only when actual charges […]

Discrepancy in Service Exports from India Scheme

Under the new Foreign Trade Policy (‘FTP’), the Government of India has introduced the Service Exports from India Scheme (‘SEIS’) 2015-2020 w.e.f. 01st April 2015. The objective of the scheme is to earn maximum foreign exchange in the country and to encourage exports of notified services. The scheme is for service providers who are engaged […]

Requirement to obtain registration: Legal Services

SEPTEMBER 01, 2017 By Rajat Dosi, Partner, RSA Legal Solutions WITH the issuance of Press Release dated 15.07.2017, it appears that much drama over taxing of legal services provided by an advocate / a law firm and consequential requirement to obtain registration under the GST law has been put to rest by the Government clarifying […]