February, 2021 – Issue No. IV

IGST Refunds  – Exporters can avail the facility of correction of Invoice mis-match errors (error code SB-005) in respect of all past shipping bills, irrespective of its date of filling, on payment of Rs. 1,000/- as fee towards such rendering of service by Customs Officers for correlation and verification of the claim.
Amendments made in Faceless Assessment Scheme, 2019. New procedure to be followed by National e-Assessment Centre laid down.

IGST refunds pending due to mis-match of data between GSTR-1 & GSTR-3B: resolution facility as provided vide Circular No. 12/2018-Cus dated 29.05.2018 and 25/2019-Cus dated 27.08.2019 extended to Shipping Bills filed after 31.03.2019 as well (i.e. in respect of all Shipping Bills filed/ to be filed upto 31.03.2021).

Definitive anti-dumping duty imposed on imports of Aniline from China PR for a period of five years from 29.07.2020.

Gold & Silver (and their dore) imported under export promotion schemes exempted from Agriculture Infrastructure and Development Cess (AIDC).

Gold & Silver imported under export promotion schemes – exemption notification amended to reflect recent changes in customs duty.

CBIC notifies Rs. 1000/- fees for handling of mismatch between Shipping Bill and GST returns in Customs Automated System.

Customs Post Clearance Audit – Instructions issued.


Certificate of Origins (Non-Preferential) [CoOs(NP)] to be issued online with effect from 01.04.2021 (tentative).From 22.02.2021 onwards, the following applications are required to be submitted online through the importer/exporter’s dashboard on the DGFT Website –

i. I Card (as under ANF-2B)

ii. Free Sale and Commerce Certificate (as under ANF-2H & 2I)

iii. End User Certificate (as under ANF-2J)

iv. Status Holder Certificate (as under ANF-3C).

Procedure for verification of exporters declaration (self certification basis) on the Rules of Origin under GSP Scheme under Chapter-2 of Handbook of Procedures, 2015-2020 inserted in para 2.104 of Handbook of Procedures, 2015-2020.


New Rule 2A inserted in Companies (Specification of definitions details) Rules, 2014 to specify companies that are not to be considered as listed companies.


RBI permits residents to make remittances to IFSCs under Liberalised Remittance Scheme (LRS) subject to other conditions.

‘Framework for Aircraft Operating Leases’ issued by IFSCA.

The Indian Tax Advisors