September, 2022 – Issue No. III

Facility for filing/revising TRAN-1/TRAN-2 on the common portal will be available from 01.10.2022 to 30.11.2022. Guidelines issued by CBIC.

CBIC notifies Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022.

The period of validity of the e-scrip extended to two years – Electronic Credit Ledger Regulations.

Insolvency And Bankruptcy Code will prevail over Customs Act once moratorium is declared.


Import of PET Flakes has been permitted subject to NOC from MoEF&CC and an authorisation from DGFT.


MCA revises threshold for paid up capital of ‘small companies’ vide Companies (Specification of definition details) Amendment Rules, 2022. Paid up capital and turnover of the small company should not exceed Rs. Four crore and Rs. Forty crore respectively.


Amendments made in Liquidation Process, Voluntary Liquidation Process, and Insolvency Resolution Process for Corporate Persons.

Insolvency professional must not accept any fees or charges from any professional and/or support service provider.

The Indian Tax Advisors