ICAI submits Post-Budget Memoranda-2017 on Finance Bill 2017
ICAI submits Post-Budget Memoranda-2017 – (27-02-2017) Download
Category Archives: Excise
Exchange Rate of Foreign Currency w.e.f 17.02.2017
Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs(CBEC) No.09/2017-CUSTOMS (N.T.), dated 2nd February, 2017, except as respects things done or… Read More »
Change in tariff value of Crude Palm Oil, RBD Palm Oil, others
Change in tariff value of Crude Palm Oil, RBD Palm Oil, others – Palm Oil, Crude Palmolein, RBD Palmolein, others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52… Read More »
CENVAT Credit (Amendment) Rules 2017
CENVAT CREDIT (AMENDMENT) RULES, 2017 – AMENDMENT IN RULES 6 AND 10 NOTIFICATION NO.4/2017-C.E. (N.T.), DATED 2-2-2017 In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to… Read More »
Amendment in Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008
PAN MASALA PACKING MACHINES (CAPACITY DETERMINATION AND COLLECTION OF DUTY) AMENDMENT RULES, 2017 – AMENDMENT IN FORM NO.2 NOTIFICATION NO.2/2017-C.E. (N.T.), DATED 2-2-2017 In exercise of the powers conferred by sub-sections (2) and (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further… Read More »
6% concessional excise/CV duty on machinery required for setting of fuel cell for generation of power
Seeks to prescribe 6% concessional excise/CV duty on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen. NOTIFICATION NO.5/2017-C.E., DATED 2-2-2017 In exercise of the powers conferred… Read More »
Cenvat Credit available on input services even if depreciation is also claimed on it
CESTAT, MUMBAI BENCH Shree Pandurang SSK Ltd. v. Commissioner of Central Excise, Pune-III RAMESH NAIR, MEMBER, (J.) APPEAL NO. E/592 OF 2012 ORDER NO. A/85139/17/SMB DECEMBER 7, 2016 Sanjay Hasija, Superintendent (AR) for the Respondent. ORDER Ramesh Nair, Member (J.) – The issue involved in the present case is that appellant availed Cenvat credit in… Read More »
Direct Tax and Indirect Tax Collection upto January 2017
Tax Collection Figures up to January 2017 show consistent trend of healthy growth; During January 2017, the Net Indirect Tax grew at the rate of 16.9% compared to corresponding month last year with growth rate in net collections for Customs, Central Excise and Service Tax at the rate of 10.1%, 26.3% and 9.4% respectively January,… Read More »
Guidelines for Seizure of Custom Goods by CBEC
F.No. 591/04/2016-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) *** Instruction no. 01/2017-Customs New Delhi, dated 8th February, 2017 To All Principal Chief Commissioners/ Chief Commissioners of Customs/Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central Excise. All Principal Directors General… Read More »
BDP’s Customs Law Manual (2017-18 Budget Editon with CD) -New Book
BDP’s Customs Law Manual (2017-18 Budget Editon with CD) The book Contains: Budget Highlights 2017-18; CBEC Customs Manual; Customs Act, 1962 (As amended); Customs Rules and Regulations; Notifications issued under Customs Act; Customs Forms and Bonds; Appeal, Revision and Case Laws; Instructions and Circulars; Rates of Duty Drawback FTA Agreements signed by India; PTA Agreements… Read More »