January, 2022 – Issue No. V


CBIC issues Master Circular on Recovery and Write-Off of Arrears of Revenue.

Rule 86A – Blocking of credit ledger beyond the stipulated one year period – the concerned authority would be held personally liable for the loss which the assessee might have suffered during the interregnum period – Gujarat HC.

Levy of ADD on PVC Flex Films imported from China – Rescinded.
31.03.2022 – Extended due date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform.
MSME extends date of validity of existing enterprises registered prior to June 30, 2020; validity extended upto 31.03.2022.

The Indian Tax Advisors