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 »
New Publication ‘Central Excise Law and Procedure for Jewellery Industry (including 105 FAQs)” to promote ease of doing business The Union Budget 2016-17 has proposed to impose a 1% excise duty (without input tax credit) and 12.5 % (with input tax credit) on articles of jewellery excluding silver jewellery, other than studded with diamonds/other precious… Read More »
Imposition of Central Excise duty on jewellery – regarding constitution of sub-committee of High Level Committee CIRCULAR NO.1021/9/2016-CX DATED 21-3-2016 In the Budget 2016-17, Central Excise duty at the rate of 1% (without input tax credit) and 12.5% (with input tax credit) has been imposed on all articles of jewellery (except for silver jewellery, other… Read More »
Government constitutes a Sub-Committee under the aegis of the High Level Committee (HLC) on issues related to excise duty on different articles of jewellery imposed in Budget 2016-17; Committee to submit its Report within sixty days In the Union Budget 2016-17, the Central Excise duty at the rate of 1% (without input tax credit) and… Read More »
Government clarifies to the Jewellery Industry about the issues relating to imposition of Excise Duty on articles of Jewellery with simplified procedures. In the General Budget for 2016-17, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed on articles of jewellery with simplified procedures. Salient… Read More »
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.36/2016-CUSTOMS (N.T.), dated 03rd March, 2016, except as respects things done or… Read More »
CENTRAL EXCISE (REMOVAL OF GOODS AT CONCESSIONAL RATE OF DUTY FOR MANUFACTURE OF EXCISABLE AND OTHER GOODS) (AMENDMENT) RULES, 2016 AMENDMENT IN RULES 1 & 4 AND INSERTION OF RULE 8 NOTIFICATION NO.22/2016-C.E. (N.T.), DATED 15-3-2016 In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) the… Read More »
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… Read More »
Report of the Comptroller and Auditor General of India Union Government Department of Revenue (Indirect taxes – Central Excise) Report No. 2 of 2016 This Report for the year ended March 2015 has been prepared for submission to the President of India under Article 151 of the Constitution of India. The Report contains significant results… Read More »
Comptroller and Auditor General of India has released Report No. 5 of 2016 – Compliance Audit on Customs Department of Revenue Union Government. This Report for the year ended March 2015 has been prepared for submission to the President of India under the Article 151 of the Constitution of India. The Report contains significant results of… Read More »