Daily Archives: November 24, 2015

Best Pension Plan : ATAL PENSION YOJANA (APY)

By | November 24, 2015

NOTIFICATION F.NO.16/1/2015-PR- ATAL PENSION YOJANA, DATED 16-10-2015 Background 1. The Government of India has introduced a pension scheme called the Atal Pension Yojana (APY), with effect from 1st June, 2015, pursuant to the announcement in the budget for 2015-16 on creating a universal social security system for all Indians, especially the poor, the under-privileged and… Read More »

MRP goods cleared under Not for sale,Excise duty payable on Transaction value

By | November 24, 2015

SUPREME COURT OF INDIA Commissioner of Central Excise, Noida v. Control & Switchgears Contactors Ltd. A.K. SIKRI AND ROHINTON FALI NARIMAN, JJ. CIVIL APPEAL NOS. 4449-4450 OF 2005 AND 984 OF 2007 SEPTEMBER  1, 2015 Valuation under Central Excise – Retail Sale Price/MRP Based Facts of the case ;-  Assessee was manufacturing Contactors, Overload relays,… Read More »

Toys imported from China can be cleared after sample test proves no violation of foreign trade policy

By | November 24, 2015

Facts of the Case :- In this case, the plastic toys imported by M/s Lukkad Impex from China were absolutely confiscated by the adjudicating authority as the goods/packaging materials did not contain any details of manufacturer’s name, address and the period of manufacture, and hence the test reports could not be linked with the consignment… Read More »