Amending Import Manifest (Aircraft )Regulations, 1976 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 108/2016-Customs (N.T.) New Delhi, the11th August, 2016 G.S.R. … (E).- In exercise of the powers conferred by clause (a) of sub-section (2) of section 157 of the Customs Act, 1962 (52 of… Read More »
[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) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 107/2016-Customs (N.T.) New Delhi, dated the 11th August, 2016 G.S.R. (E).- In exercise of the powers conferred by clause (a) of sub-section (2) of section… Read More »
Specification of 17th August, 2016 as the date on which clause (v) of rule 5 and rule 6 of Central Excise (Amendment) Rules, 2016 notified by Notificaton No. 8/2016- Central Excise (NT) dated 1st March, 2016, shall come into force GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 42/2016- Central New Delhi,… Read More »
Seeks to amend CENVAT Credit Rules, 2004 so as to withdraw the facility to avail of CENVAT credit of duty paid on molasses generated in the sugar season 2015-16 (i.e. 1st October, 2015 to 30th September 2016) which is used for producing ethanol for supply to public sector OMCs for blending with petrol by omitting… Read More »
Benefits to hill, N- E states to continue under GST The 10- year tax holiday given in the form of area- based excise breaks for hill and northeast states will continue under the coming goods and services tax (GST) regime until the sunset date. The Centre is deliberating a compensation mechanism for manufacturing units availing… Read More »
GST passage conveyed positive global cues: FM Finance Minister Arun Jaitley (pictured) said Parliament’s passage of the constitutional amendment Bill on a national goods and services tax (GST) had changed the global perception about India. Credit availability, he added, was achallenge for micro, small and medium enterprises (MSMEs) but amendments Parliament is considering to the… Read More »
Held AO has not intimated any defect in the return of income filed to the appellant and therefore the action of the AO in treating the original return of income as invalid does not stand the test of the law. Even otherwise, it is not the case of the AO that the appellant had not… Read More »
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 10th August, 2016 S.O. 2677(E).—In exercise of the powers conferred by section 410 of the Companies Act, 2013, the Central Government hereby appoints Shri Balvinder Singh, as Technical Member in the National Company Law Appellate Tribunal in the pay scale of Rs. 80,000/- (fixed) with effect from… Read More »
MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 11th August, 2016/Shravana 20, 1938 (Saka) The following Act of Parliament received the assent of the President on the 10th August, 2016, and is hereby published for general information:— THE BENAMI TRANSACTIONS (PROHIBITION) AMENDMENT ACT, 2016 NO. 43 OF 2016 [10th August, 2016.] An Act… Read More »
Date : Aug 11, 2016 The Reserve Bank of India has today placed on its website the Draft Circular on “Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions”, for feedback. Suggestions/comments, if any, on the Draft Circular may be sent by post to the Chief General Manager, Department of Banking Regulation,… Read More »