Rescinding notification No.18/2003-Customs dated 1st March 2003.
Rescinding notification No.18/2003-Customs dated 1st March 2003. 98/2016-Cus,dt. 08-07-2016
Category Archives: Excise
30.8% growth in Indirect tax collection for 1st quarter of 2016-17
Indirect tax collection for the 1st quarter of 2016-17 indicates a growth rate of 30.8% The figures of indirect tax collection for the 1st quarter of current fiscal 2016-17 indicates a growth rate of 30.8% as compared to the 36.3% in the corresponding period of previous financial year. Once the Additional Resource Mobilization(ARM) is… Read More »
Bunker fuel meant for vessels can be kept in warehouse without payment of duty
NOTIFICATION NO.31/2016-C.E. (N.T.), DATED 4-7-2016 In exercise of the powers conferred by sub-rule (1) of rule 20 of the Central Excise Rules, 2002, the Central Government being satisfied that it is necessary in public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of… Read More »
Exemption to goods manufactured at construction site
Circular No. 1036/24/2016-CX F. No. 68/1/2016-CX.I Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi. dated the 6th July. 2016 Sub:- Scope of word ‘site’ appearing in Notification No. 12/2012-Central Excise, dated 17.03.2012-reg Representations have been received from the trade regarding difficulties being faced in availing of… Read More »
Exemption from export duty to sugar exported under Advance Authorization Scheme
Seeks to further amend Notification No. 27/2011-Customs, dated the 1st March, 2011, so as to provide exemption from export duty to sugar exported under Advance Authorization Scheme subject to specified conditions. See Notification No 41/2016-Cus,dt. 06-07-2016
Duty Free Shops at airports ; Passengers allowed to purchase upto Rs 25000 in Indian Currency
Circular No.31/2016-Customs F.No: 473 / 05 / 2015 – LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs North Block, New Delhi Dated 6th July 2016 All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Customs & Central Excise, All Chief Commissioners of Customs, All Chief Commissioners… Read More »
Exchange Rate of Foreign Currency w.e.f -07.07.2016
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.87/2016-CUSTOMS (N.T.), dated 16th June, 2016, except as respects things done… Read More »
CENVAT Credit can’t be denied because invoices destroyed in fire
HELD I am of the view that even though invoices have been destroyed in fire but if invoices have been recorded in the ledger and books of account of the respondent the Cenvat credit cannot be denied. Respondent could not have recorded the invoice in the ledger unless physical invoices were available. It is not… Read More »
Anti-dumping duty on Purified Terephthalic Acid including its variants
Seeks to impose definitive anti-dumping duty on “Purified Terephthalic Acid” including its variants Medium Quality Terephthalic Acid (MTA) and Qualified Terephthalic Acid (QTA), originating in or exported from China PR, Iran, Indonesia, Malaysia and Taiwan, for a period of five years from the date of imposition of provisional anti-dumping duty 28/2016-Cus (ADD), dt. 05-07-2016
Expanded Polypropylene beads and ter-polymer excluded from goods attracting anti-dumping duty
Seeks to amend notification No. 7/2016-Customs (ADD) dated 08.03.2016 so as to exclude Expanded Polypropylene beads and ter-polymer from the description of goods attracting anti-dumping duty. 29/2016-Cus (ADD), dt. 05-07-2016