December, 2021 – Issue No. I

GST

New Form GST DRC-03 introduced.

Section 130(2) provides for provisional release on payment of fine in lieu of confiscation, pending adjudication – Kerala High Court.

CUSTOMS
Guidelines for the sale of seized/confiscated gold issued.
DGFT

Export policy of Agar Oil and Agarwood (Aquilaria Malaccensis) Chips and Powder has been amended from Free to Restricted with immediate effect. Policy conditions notified.SIONs for export product Sodium Salicylate and Methyl Cobalamin JP (Mecobalamin) under Chemical & Allied Product Group have been notified.

INFRASTRUCTURE LAWS

Dam Safety Bill, 2019 passed in Rajya Sabha.

The Indian Tax Advisors