Registered person required to issue e-invoice – Turnover limit reduced to Rs.20 Crores from Rs.50 Crores. To be effective from 01.04.2022.
Refund claim under Rule 89(4) instead of Rule 89(4B) – matter remanded back to determine claim under Rule 89(4B). Input / output ratio of the inputs / raw materials used in such manufacturing of the exported goods, and the ITC availed against such input supplies received, is to be determined for the refund claim. Demand for erroneous refund granted under Rule 89(4) quashed. – Gujarat High Court.
CBIC introduces Shipping Bill (Post export conversion in relation to instrument based scheme) Regulations, 2022.
Anti-Dumping duty imposed on imports of “jute products” from Nepal and Bangladesh extended till 30.09.2022.
Anti-Dumping duty imposed on imports of ‘Glazed/Unglazed Porcelain/Vitrified tiles in polished or unpolished finish with less than 3% water absorption’ from China PR extended by another 5 years.
The export of Injection Remdesivir and Remdesivir Active Pharmaceutical Ingredients (API), Amphotericin – B injections, Enoxaparin (Formulation and API) and Intra-Venous Immunoglobulin (IVIG) (Formulation and API) – Free Export with immediate effect.
Import policy of ITC(HS) 8524 and ITC(HS) 8525 89 00 is revised from ‘Restricted’ to ‘Free’ with immediate effect.
DGFT sets up Helpdesk for Russia-Ukraine related International Trade Issues.
From 01.04.2022, it will be mandatory for the exporters to file Registration Cum Membership Certificate (RCMC)/ Registration Certificate (RC) applications (for issue/renewal/amendment) through the common digital portal of e-RCMC Platform