Tariff Notification in respect of Fixation of Tariff Value of Edible Oil, Brass, Poppy Seed, Areca Nut, Gold and Slive [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 23/2016-CUSTOMS (N. T.) New Delhi,… Read More »
Held The demurrage charges are admittedly incurred after the goods reached at Indian ports and, therefore, it is a post-importation event. Such charges, therefore, cannot form part of the transaction value. Issue in this behalf is settled by this very Bench in the case of Commissioner of Customsv. Essar Steel Ltd. [2015] 51 GST 181… 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. 8/2016 Customs New Delhi, the 5th February, 2016 G.S.R._____________(E).- In exercise of the powers conferred by sub-section (1) of section 25… Read More »
Seeks to amend CENVAT Credit Rules, 2004, so as to i. specify that the Cenvat credit of any duty specified in sub-rule (1) shall not be utilized for payment of the Swachh Bharat Cess. ii. allow credit of service tax paid on sale of dutiable goods on commission basis. [TO BE PUBLISHED IN THE GAZETTE… Read More »
Rate of exchange of conversion of the foreign currency with effect from 5th February, 2016 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 18/2016 – Customs (N.T.) Dated the 4th February, 2016 15 Magha, 1937 (SAKA) In exercise of the powers conferred by section 14 of… Read More »
Seeks to amend Notification No. 45/2001 – CE (NT) dated 26th June, 2001, as amended, to allow export of material/equipment under bond, without payment of Central Excise duty, for Kholongchhu Hydro-Electric Project (KHEP) in Bhutan Read Complete Notification 03/2016-CENT dt. 03-02-2016
Held simultaneous penalties can be imposed on the firm and the partners under the Act and more particularly under Section 112(a) of the Act. However as the Act itself stipulates, the same would be subject to the parties proving that the contravention has taken place without their knowledge or despite exercise of all due diligence to prevent such contravention. HIGH COURT OF BOMBAY Amritlakshmi Machine Works v. Commissioner of Customs (import),Mumbai M. S. SANKLECHA, M.S. SONAK AND G.S. KULKARNI, JJJ. CUSTOMS APPEAL NOS. 100 TO 103 OF 2012 JANUARY 29, 2016 Naresh Thacker, C. Nanda and Chirag Shetty for the Appellant. A.S. Rao and… Read More »
Refund of Excise duty on purchase of cars by physically handicapped persons Circular No 1015/3/2016-CX Dated 03-02-2016 F.No.268/8/2015-CX.8 Click to View circular
Extending the Indian Customs Single Window to other locations and other Participating Government Agencies Circular No. 03/2016-Cus F.No.450/147/2015-Cus-IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) ****** New Delhi, dated the 3 rd February, 2016 To, All Chief Commissioners of Customs / Customs (Preventive), All Chief Commissioners of… Read More »
Seeks to further amend notification No. 12/2012- Customs dated 17.03.2012. [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. 7/2016-Customs New Delhi, the 2 nd February, 2016 G.S. R. (E).—In exercise of the powers conferred by sub-section (1)… Read More »