Category Archives: Excise

Issue of wrong certificate does not attract penalty under Excise rule 26 or 27

By | January 6, 2016

Plead of Appellant :- The certificate in effect indicated that the said amount of huge cash was a sort of investment received from such investors which was not found to be correct by the Tribunal, and therefore the certificate was a false certificate which ultimately benefited the trader/assessee in setting up an explanation with regard to the evasion… Read More »

Increase in Basic Excise Duty rates on Petrol and Diesel

By | January 4, 2016

Seeks to further amend notification No 12/2012-Central Excise dated 17.03.2012 so as to increase the Basic Excise Duty rates on Petrol and Diesel(both unbranded and branded) [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. 1/2016-Central Excise New… Read More »

Tariff concessions for specified goods imported from ASEAN countries

By | January 1, 2016

Seeks to further amend notification No. 46/2011-Customs dated 01.06.2011 so as to provide deeper tariff concessions in respect of specified goods when imported from ASEAN countries under the India-ASEAN Free Trade Agreement w.e.f. 01.01.2016 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE… Read More »

Tariff concessions for specified goods imported from Malaysia

By | January 1, 2016

Seeks to amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f. 01.01.2016. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF… Read More »

Tariff concessions for specified goods imported from Korea RP

By | January 1, 2016

Seeks to amend notification No. 152/2009-Customs dated 31.12.2009 so as to provide deeper tariff concessions in respect of specified goods imported from Korea RP under the India-Korea Comprehensive Economic Partnership Agreement (CEPA) w.e.f. 01.01.2016. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE… Read More »

Govt notify Pantnagar of Udham Singh Nagar (Uttarakhand) for Unloading of imported goods and loading of export goods”.

By | January 1, 2016

[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. 148/ 2015-Customs (N.T.) New Delhi, the 29th December, 2015 G.S.R……. (E). – In exercise of the powers conferred by clause (aa) of sub-… Read More »

Govt rescinds the Customs Tariff (Transitional Product Specific Safeguard Duty) Rules, 2002

By | January 1, 2016

[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. 149/2015 – Customs (N.T.)  New Delhi, dated the 29th December, 2015  G.S.R. ____________ (E).- In exercise of the powers conferred by sub-section (6)… Read More »

Fixation of Tariff Value of Edible Oil, Brass, Poppy Seed, Areca Nut, Gold and Sliver

By | January 1, 2016

[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. 150/2015-CUSTOMS (N. T.) New Delhi, 31st December, 2015 10 Pausha, 1937 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of… Read More »

Cenvat Credit available if imported through Authorized Courier

By | January 1, 2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)  Notification No. 27/2015 – Central Excise (N.T)  New Delhi, the 31st  December, 2015  G.S.R.    (E).-   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… Read More »

Appointment of Common Adjudicating Authority by CBEC

By | December 29, 2015

[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)  Notification No. 146/2015-Customs (N.T.) New Delhi, the 23rd December, 2015 S.O.     (E). – In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of… Read More »