Government reduces number of forms and Reports from 36 to 12 to lessen costs and compliance burden of various establishments....
M/s Beauty Tax Vs DCIT, ((ITAT Jaipur) -
Merely non-appearance of the supplier in absence of any other corroborate evidence cannot be a basis to justify the stand of the Revenue that the transaction of purchase is bogus. ...
Prashant Sahu Vs Vijay Kumar Chourasiya (Madhya Pradesh High Court) -
The complainant submits that because the complainant was to deposit the court fees, but due to financial insufficiency suffered by him, he could not make the deposit at the relevant time. It is also contended that during the said period, the Demonetisation was also in force, therefore, his non-deposit of the court fees be condoned and set...
Public Notices No. 50/2017-JNCH -
10/04/2017
Attention of all Exporters/Customs brokers/members of Trade is invited to the fact that at times errors exist in the bank account number, IFSC etc., given by exporters, which leads to rejection of claim for payment of duty drawback by the local bank authorities. Similarly, even a single such error leads to rejection of entire scroll in th...
M/s Beauty Tax Vs DCIT (ITAT Jaipur) -
Merely non-appearance of the supplier in absence of any other corroborate evidence cannot be a basis to justify the stand of the Revenue that the transaction of purchase is bogus....
Notification No. 34/2017-Customs (N.T.) -
10/04/2017
NOTIFICATION NO. 34/2017-Customs (N.T.), Central Board of Excise and Customs hereby appoints officers mentioned in column (6) to act as a Common Adjudicating Authority to exercise powers and discharge duties conferred or imposed on officers mentioned ...
No. 14/9/2016-DGAD -
10/04/2017
No. 14/9/2016-DGAD.—Having regard to the Customs Tariff Act, 1975 as amended in 1995 (hereinafter referred to as the Act) and the Customs Tariff (Identification, Assessment and Collection of Anti-Dumping Duty on Dumped Articles and for Determination of Injury) Rules,...
Circular No. 13/2017-Customs -
10/04/2017
Vide the above circular, it was clarified that in case raw materials/ capital goods etc., procured from indigenous sources by EOUs/EPZ/SEZ/EHTP/STP units are transferred/ sold back to DTA except for the purpose of replacement, the deemed export benefits already availed of against such goods shall be required to be refunded back and that t...
RBI/2016-17/273 DBR.IBD.BC.59/23.13.004/2016-17 -
10/04/2017
The fixed deposits accepted from non-banks by the IBUs cannot be repaid pre-maturely within the first year. However, fixed deposits accepted as collateral from non-banks for availing credit facilities from IBUs or deposited as margin in favour of an exchange, can be adjusted prematurely in the event of default in repayment of the loan or ...
M/s. Sanco Trans Ltd Vs The Customs, Excise and Service Tax Appellate Tribunal (Madras High Court) -
This Civil Miscellaneous Appeal is filed by the assessee challenging an order of the Customs Excise and Service Tax Appellate Tribunal dated 15.6.2015 confirming imposition of penalty under section 114 of the Customs Act (in short Act) though reducing the quantum from Rs.5 lakhs to Rs.2.5 lakhs....