Supreme Court: Banks Cannot Invoke IBC Against Debtors For Builder-Linked Loans  ||  Supreme Court: Non-Disclosure of Failed Candidates’ Marks Does Not Imply They Passed Exams  ||  Supreme Court: Murder Accused Cannot Inherit Property of the Person Allegedly Killed  ||  Supreme Court: Delay in Deposit Does Not Automatically Cancel Contracts under Specific Relief Act  ||  SC: Railways is Treated as a Consumer under the Electricity Act, Not a Distribution Licensee  ||  Bom HC: Genuine Residents Cannot be Denied Relief Due to Aadhaar Deactivation or Biometric Mismatch  ||  Punjab & Haryana High Court: Raid on Rajinder Gupta’s Factory Soon After He Joined BJP From AAP  ||  Madhya Pradesh HC: Delay Can Be Condoned under Limitation Act Where Statute Has No Express Bar  ||  Cal HC Upholds PILs on Great Nicobar Project, Noting Alleged FRA Violations and Tribal Vulnerability  ||  Calcutta HC: Vodafone Idea Must Obtain Copyright Society Licence to Use Songs as Caller Tunes    

CBIC Amends Notification Prescribing Effective Rate of Duty on Goods - (05 Apr 2021)

CUSTOMS

Central Board of Indirect Taxes and Customs (CBIC) has amended the notification which seeks to prescribe effective rate of duty on goods consequent to enactment of Finance Act, 2021. The Board has notified that for Petroleum crude the standard rate of duty will be Re 1 per tonne and in case of all goods the standard rate will be nil. The notification shall come into force on the 1st April, 2021.

Tags : CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS   EFFECTIVE RATE OF DUTY ON GOODS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved