THE INDIRECT TAX DISPUTE RESOLUTION SCHEME 2016 under what chapter of Finance Bill 2016 THE INDIRECT TAX DISPUTE RESOLUTION SCHEME 2016 is covered ? THE INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 is covered in CHAPTER XI What is the date of commencements of THE INDIRECT TAX DISPUTE RESOLUTION SCHEME 2016 ? Short title, application and commencements Section 209. (1)… Read More »
Circular No. 1019/7/2016-CX F. No. 96/18/2016-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, dated the 29th February, 2016 To Principal Chief Commissioner / Chief Commissioner of Central Excise (All), Principal Chief Commissioner / Chief Commissioner of Central Excise and Service Tax (All), Principal Commissioner of… Read More »
Withdrawal from prosecution in Central Excise cases older than 15 years involving duty less than rupees five lakhs Circular No. 1018/6/2016-CX F. No. 96/54/2014-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, dated the 29th February, 2016 To, Principal Chief Commissioners/Chief Commissioners of Central Excise… Read More »
Certificate evidencing payment of Central Excise duty Circular No. 1017/5/2016-CX F.No. 96/18/2016-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ********* New Delhi, dated the 29th February, 2016 To Principal Chief Commissioner / Chief Commissioner of Central Excise (All), Principal Chief Commissioner / Chief Commissioner of Central Excise… Read More »
Registration of two or more premises as one registrant in Central Excise Circular No. 1016/4/2016-CX F.No. 96/18/2016-CX.1 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ********* New Delhi, dated the 29th February, 2016 To Principal Chief Commissioner / Chief Commissioner of Central Excise (All), Principal Chief Commissioner /… Read More »
All Industry Rates of Duty Drawback notified w.e.f. 11.02.2016 CBEC vide Notification No. 22/2016-Cus., (N.T.), Dated: February 8, 2016 has notified the All Industry Rates of Duty Drawback effective from 11.02.2016 subject to the notes and conditions specified therein. The detailed rates and explanations can be obtained from www.cbec.gov.in. [Notification No. 22/2016-Cus., (N.T.), Dated: February 8, 2016; Circular… Read More »
Amendments in CENVAT Credit Rules The CENVAT Credit Rules have been amended vide Notification Nos. 01/2016- CX (N.T) and 02/2016- CX (N.T), both Dated: February 03, 2016 as follows: For the purpose of definition of Input Services,sales promotion would include services by way of sale of dutiable goods on commission basis. The condition of allowing only 85% of… Read More »
Custom Duty on Life Saving Drugs Representations have been received from domestic industry stating, inter alia that the exemption/concessional customs duties on drugs including life saving drugs deters domestic manufacture of these life saving drugs.Accordingly, in consultation with the stakeholders including Ministry of Health and Family Welfare and the Department of Pharmaceuticals, exemption/concessional customs duties… 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) Notification No. 5/2016-Customs (ADD) New Delhi, dated the 22nd February, 2016 G.S.R. (E). -In exercise of the powers conferred by sub-section (1) and sub-section (5) of section 9A of the… Read More »
Held As per Rule 1(2) of CCR the Cenvat Credit Rules do not apply to taking of Cenvat Credit of Service Tax. Therefore, Cenvat Credit taken with respect to services availed in the state of Jammu & Kashmir, has been correctly denied to the appellant. CESTAT, KOLKATA BENCH Vodafone Essar Spacetel Ltd. v. Commissioner of… Read More »