As per First Proviso to rule 3(7)(b) of the CENVAT Credit Rules, 2004, credit of EC on excisable goods and EC on taxable services can be used only for payment of EC on finished excisable goods or EC on taxable service; hence, credit of EC cannot be used for discharging SHEC CESTAT, AHMEDABAD BENCH Diamond… Read More »
Facts of the case The assessee, a manufacturer of motor cycles/two wheelers, and claimed refund of Automobile Cess, Education Cess on Automobile Cess and Secondary and Higher Education Cess (for short SHE Cess) on Automobile Cess paid along with customs duty on the goods exported outside the country Revenue Contention Duties of excise collected under the… Read More »
Brief facts of the Case what has, in fact, been imported is an equipment which is to be used in a pathological lab for the automatic analysis of blood samples. It is an admitted fact that models BTS 310 and BTS 320 were imported with inbuilt software that contained programmes for analysis and interpretation. It… Read More »
IN THE ITAT HYDERABAD BENCH ‘A’ (SMC) Assistant Commissioner of Income-tax (TDS), Circle 1 (1), Hyderabad v. Greater Hyderabad Municipal Corporation P.M. JAGTAP, ACCOUNTANT MEMBER IT APPEAL NOS. 155 TO 160 (H) OF 2015 [ASSESSMENT YEAR 2011-12] AUGUST 12, 2015 Prabhat Kumar Gupta for the Appellant. S. Rama Rao for the Respondent. ORDER 1. These… Read More »
CBDT releases Explanatory Notes to provisions of the Finance Act, 2015
CIRCULAR CIR/IMD/DF1/9 /2015 … Read More »
Govt of India, Ministry of Civil Aviation on 28-November, 2015 BCAS Achieves Full Implementation of ICAO Recommendations The Bureau of Civil Aviation Security, BCAS has fully met the target of implementation of security norms prescribed by the UN oversight body, ICAO (International Civil Aviation Organisation). The ICAO team recently conducted audit of Indian civil aviation… Read More »
Govt of India ,Ministry of Civil Aviation on 28-November, 2015 Ministry of Civil Aviation delegates power to grant initial NOC/ In-principle approval for import or acquisition of aircrafts to DGCA The Ministry of Civil Aviation has decided to delegate the power to grant initial NOC/ In-principle approval for import or acquisition of aircrafts to the… Read More »
Ministry of Shipping of Govt of India on 28-November, 2015 India re-elected as Member of International Maritime Council for coming two years (2016-17) India has been re-elected unopposed to the Council of the International Maritime Organization [IMO] under Category “B” at the 29th session of the Assembly of the IMO held in London on 27… Read More »
Ministry of Road Transport & Highways of Govt of India on 28-November, 2015 Ministry of RT&H issues draft notification for BS-V and BS-VI norms for automobile sector The Ministry of Road Transport & highways has issued a draft notification for implementation of BS-V and BS-VI norms for the automobile sector, covering the four wheeler category.… Read More »