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Valuation of Physician Sample Manufactured on Job Work
VALUATION OF THE PHYSICIAN SAMPLE WHEN PRODUCT IS MRP BASED AND MANUFACTURING IS CONTRACT AND JOB WORK BASIS. Law cannot be interpreted broadly. It has to interpret case to case basis. It is very much...
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TARC Recommendations in four Reports submitted to Government
Press Information Bureau Government of India Ministry of Finance 10-May-2016 17:30 IST Recommendations of Tax Administration Reform Commission (TARC) in all the four Reports submitted to Government Th...
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Changes in CENVAT Credit Rules, 2004 by Union Budget 2016-17
In this article Author has discussed changes in Cenvat Credit Rules, 2004 by Union Budget 2016-17 in Tabular presentation in which he has discussed nature of amendment , Related Rules, Position before...
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Excise duty on items of jewellery by Budget 2016
BRIEF ON Excise duty on items of jewellery levied by Budget 2016 A BRIEF ON THE Excise duty on items of jewellery levied by the Finance Bill/Act 2016 Now that the Jewellers have called off their strik...
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ICAI withdraws its publication of Excise Law on Jewellery Industry
Publication on Central Excise Law and Procedure for Jewellery Industry – (11-04-2016) The publication “Central Excise Law and Procedure for Jewellery Industry” has been brought out by Indirect Taxes C...
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CAG Compliance audit observation on Central Excise
CAG Report No. 2 of 2016 – Compliance Audit on Indirect Taxes-Central Excise Union Government Department of Revenue This Report for the year ended March 2015 has been prepared for submission to the Pr...
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Limitation for Issuing SCN Under Section 73 Enhanced
It was proposed in the Central Excise Tariff Conference that the time limit for issuing show cause notice under normal period of limitation should be increased and it appears that the suggestion has b...
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CBI arrests Custom& Excise Officer in 10 Lakh Bribe Case
CBI ARRESTS AN ASSISTANT DIRECTOR OF CUSTOMS & CENTRAL EXCISE FOR ACCEPTING A BRIBE OF RS. TEN LAKH CBI Press Release- New Delhi , Dated- 19.02.2016 The Central Bureau of Investigation has today arres...
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Process of extension of re-warehousing period of Bonded capital goods – reg.
DIRECTORATE GENERAL OF EXPORT PROMOTION Deptt. of Revenue, Ministry of Finance, Govt. of India HOTEL JANPATH, NEW DELHI -110 001 EPABX No.:-23344616, 23344622, Fax No:-23344614/ 560. F. No. DGEP/FTP/0...
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Export of material/equipment under bond, without payment of Central Excise duty, for Kholongchhu Hydro-Electric Project (KHEP) in Bhutan allowed
Seeks to amend Notification No. 45/2001 – CE (NT) dated 26th June, 2001, as amended, to allow export of material/equipment under bond, without payment of Central Excise duty, for Kholongchhu Hydro-Ele...
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Swachh Bharat Cess not to be paid out of Cenvat Credit & credit of service tax paid on sale of dutiable goods on commission basis
Seeks to amend CENVAT Credit Rules, 2004, so as to i. specify that the Cenvat credit of any duty specified in sub-rule (1) shall not be utilized for payment of the Swachh Bharat Cess. ii. allow credit...
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Refund of Excise duty on purchase of cars by physically handicapped persons- reg.
Circular No. 1015/3/2016-CX F.No.268/8/2015-CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, Dated: 3rd February, 2016 To Principal Chief...
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Inclusion of show cause notice’s issued in relation to levy of CVD on vessels imported for breaking in Call-Book-reg.
Circular No.-1014/2/2016-CX Dated the 1st February, 2016 F. No. 6/14/2014-CX.I (Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Custom To Principal Chief C...
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Two Years RI to Then Assistant Commissioner of Central Excise & Customs in DA Case
ONE YEAR RIGOROUS IMPRISONMENT WITH FINE OF RS.10 LAKH TO THEN JOINT SECRETARY (GOI), MINISTRY OF COMMERCE AND TWO YEARS RI TO THEN ASSISTANT COMMISSIONER OF CENTRAL EXCISE & CUSTOMS IN SEPARATE CASES...
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CENVAT Credit (First Amendment) Rules, 2016
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 01/2016 – Central Excise...
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Revised Rules for appointment as CESTAT President
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 21st January, 2016 G.S.R. 101(E).- In exercise of the powers conferred by sub-section (3) of section 129, read with sub-section...
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Report in respect of withdrawal of department’s appeals pending before HC/CESTAT
F.No.390/Misc./163/2010-JC Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi , 21st January ,2016 To, 1. All Principal Chief Commissioners / Chief Commissioners and...
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Notification No. 03/2016-Central Excise Dated-22nd January, 2016
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) New Delhi, the Dated: 22nd January, 2016....
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Guidelines for e-payment of Excise/ Custom Duty & Service Tax refund/ rebate
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NEW DELHI CIRCULAR NO. 1013/1/2016-CX., Dated: January 12, 2016 To The Principal Chief Commissioners/...
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CBEC increase in Department Appeal Filing Limit applies to Pending Appeals also
CBEC has vide Instruction No. F. No. 390/Misc./163/2010-JC Dated- 17.12.2015 increased limits for filing appeals by Department before CESTAT to Rs. 10 Lakh and to Rs. 15 Lakh for Appeal before High Co...