February, 2022 – Issue No. II


Levy of GST – minerals on which already royalty has been paid – Interim Stay ordered by AP HC in light of pendency before the SC.

CBDT issues clarification regarding the Most-Favoured-Nation (MFN) clause in the Protocol to India’s DTAAs with certain countries.

Import policy for Moong is revised from “Free” to “Restricted” with immediate effect.

Import policy of drones in CBU/CKD/SKD form under HS Code 8806 is ‘Prohibited’ with exceptions provided for R&D, Defence and Security purposes. Import of drone components shall be ‘Free’.

The procedure for allocation of quota for import of (i) Calcined Pet Coke for use in Aluminum Industry; and (ii) Raw Pet Coke for CPC manufacturing industry for the year 2022-2023 is notified.

The Indian Tax Advisors