Daily Archives: July 27, 2016

Notification for exemption from excise registration to Jewelers upto full exemption limit

By | July 27, 2016

Seeks to amend notification No. 36/2001-Central Excise (N.T.) dated 26th June, 2001, so as to exempt a manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) from taking central excise registration upto the full… Read More »

Excise duty on jewellery -Eligibility & Exemption limits for SSI exemption

By | July 27, 2016

Clarification on computation of exemption and eligibility and exemption limits and other related issues for small scale industries [SSI] exemption under Notification No. 8/2003-CE dated 1st March 2003 in respect manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both Circular No. 1040/28/2016 – CX F. No. 354/25/2016 –… Read More »

Guidelines for Excise Audit of Jewellers issued by CBEC

By | July 27, 2016

Circular No. 1041/29/2016 – CX F. No. 354/25/2016 – TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, the 26th July, 2016 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All); Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All); All Director… Read More »

Excise duty on Jewellery – Export procedure simplified by CBEC

By | July 27, 2016

Circular No. 1042/30/2016 – CX F. No. 354/25/2016 – TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, the 26th July, 2016 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All); Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All); All Director… Read More »

Procedures for excise duty on jewellery issued by CBEC

By | July 27, 2016

Circular No. 1043/31/2016 – CX F. No. 354/25/2016 – TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, the 26th July, 2016 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All); Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All); All Director… Read More »

Guidelines for search or arrest of jewellers issued by CBEC

By | July 27, 2016

Circular No. 1044/32/2016 – CX F. No. 354/25/2016 – TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, the 26th July, 2016 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All); Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All); All Director… Read More »

Taxability of stock of jewellery on February 29, 2016 : CBEC Clarify

By | July 27, 2016

Circular No. 1045/33/2016 – CX F. No. 354/25/2016 – TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, the 26th July, 2016 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All); Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All); All Director… Read More »

Assessing Officer can view CIB, AIR of cases selected under scrutiny

By | July 27, 2016

CASS – Instruction No. 2 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F.No. System/ITBA/Instruction/Assessment/ CASS Cycle 2/2016-17/ Dated: 25/07/2016 The Principal Chief Commissioner of Income-Tax/ CCsIT (By Name) Ahmadabad / Allahabad / Amritsar / Bangalore / Baroda / Bhopal / Bhubaneswar/ Bareilly / Chandigarh / Chennai / Cochin / Coimbatore… Read More »

Revised Template Letter to communicate transactions without valid PAN

By | July 27, 2016

F.No. 225/193/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 25th of July, 2016 To All Principal Chief Commissioners of Income-tax Sir/Madam Subject: Corrigendum regarding the ‘Letter Template’ issued vide letter of Board dated 22.07.2016 in connection with handling of AIR transactions without valid PAN-regd.- Please refer to the above communique… Read More »

Paperless PAN and TAN application process

By | July 27, 2016

Paperless PAN and TAN application process: The CBDT announced a digital signature certificate-based application procedure to companies to apply via portals of Permanent Account Number (PAN) service providers. Under the new process, PAN and TAN will be assigned within one day after completion of a valid on-line application. Read a July 2016 report of KPMG