"17 September 2013" Archive

Regarding Arrest and Bail under Central Excise Act, 1944

Circular No. 974/08/2013-CX (17/09/2013)

I am directed to invite your attention to the amendments to sections 9A, 20 and 21 of the Central Excise Act, 1944 vide the Finance Act, 2013. A new sub-section (1A) has been inserted in section 9A to specify that the offences relating to excisable goods, where the duty involvement exceeds Rs. fifty lakh and which are punishable under cl...

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Processing fee amount revised under Punjab VAT Rules, 2005

Punjab Government has revised the amount of processing fee leviable under rule 40-A of the Punjab VAT Rules, 2005. Rule 40-A earlier envisages payment of  annual processing fee of Rs. 800/- by every taxable person under the Punjab VAT Act, 2005. Now the different amount of processing fee have been defined for different persons based [&he...

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Posted Under: Excise Duty |

Customs Duty on Articles of Jewellery and of Goldsmiths’ or Silversmiths’ Wares Revised from 10 % to 15%

NA (17/09/2013)

The customs duty on articles of jewellery and on goldsmiths’ or silversmiths’ wares has, however, not been revised upwards in line with the changes in the duty rates on gold, silver and platinum. The duty on articles of jewellery and on goldsmiths’ or silversmiths’ ...

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Posted Under: Excise Duty |

ICSI Enters into Tripartite MOU with Assocham and Govt. of West Bengal

The Institute of Company Secretaries of India Enters into a Tripartite Memorandum of Understanding with Assocham and the Govt. of West Bengal The Institute of Company Secretaries of India (ICSI), Department of Micro & Small Scale Enterprises and Textile, Government of West Bengal (MSSET) and Associated Chambers of Commerce and Industr...

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Posted Under: Excise Duty |

CBDT releases 11th version of Tax Audit utility – Sunn raha hai na tu

CBDT has yesterday posted a message on its e-filing website which is as follows :- Updated version of Form 3CA-3CD and Form 3CB-3CD are available in the portal. Assessee may download and use the same. This version is named as ‘FORMS_2013_PR11’ . This is the eleventh version release of offline utility. Every time the utility [&...

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Posted Under: Excise Duty |

Amends Duty Free Import Authorisation (DFIA) notification No. 98/2009-Cus.

Notification No. 45/2013-Customs (17/09/2013)

the existing paragraph 2A shall be renumbered as paragraph 2AB thereof and before paragraph 2AB as so renumbered, the following paragraph shall be inserted, namely:-...

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Regarding revising the customs duty rate on articles of gold and silver jewellery and goldsmiths and silversmiths ware

Notification No. 44/2013-Customs (17/09/2013)

NOW, therefore, in exercise of the powers conferred by sub-section (1) of section 8A of the said Customs Tariff Act, the Central Government, hereby directs that the First Schedule to the said Customs Tariff Act shall be amended in the following manner, namely:-...

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MCA releases forms under the Companies Rules for public comments

The MCA has now made available/live, for public comments, the draft forms for the following Chapters out of the First Set of 16 Draft Rules released by it on 9 September 2013:- ...

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Posted Under: Excise Duty |

CBDT extends Date for Filing of Applications by Electoral Trusts upto 30.11.2013

Date for Filing of Applications by Electoral Trusts Extended upto 30th November, 2013 The Central Board of Direct Taxes (CBDT) has permitted Electoral Trusts to file their applications upto 30th November, 2013 in respect of Assessment Year 2014-15 for approval under clause (22AAA) of Section 2 of the Income-tax Act, 1961 (read with Para 5...

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Posted Under: Excise Duty |

Guidelines for Arrest and Bail in relation to offences punishable under Customs Act, 1962- reg

Circular No. 38/2013-Customs Duty (17/09/2013)

Circular No. 38/2013-Customs Attention of the field formations is invited to the amendments to section 104 of the Customs Act, 1962 vide Finance Act, 2013 (with effect from 10.05.2013) whereby all offences are bailable other than the categories of offences punishable under section 135 of the Act ibid , which are classified as non-bailab...

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