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Archive: 23 June 2014

Posts in 23 June 2014

Prohibition on import of milk and milk products from China

June 23, 2014 343 Views 0 comment Print

The prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is effective till 23/06/14 as per the Notification No. 23 (RE-2013)/2009-2014 dated 18/06/2013.

Rate of Tax on Scraps of Breads, Biscuits, Chips & cattle feed

June 23, 2014 6342 Views 0 comment Print

Scraps of Breads, Biscuits, Chips, which are the bye products of the food processing industry at the time of manufacturing, and are not traded in sealed pack and which carry labels such as ‘Not for human consumption’ are cattle/animal feed and are covered under Entry No.3 of the First Schedule appended to the DVAT Act, 2004, hence, exempt from levy of VAT.

Rate of VAT applicable on sale of Printed Material content meant for education at a computer institute?

June 23, 2014 7715 Views 0 comment Print

M/s. Unifiers Social Venture Pvt. Ltd., is a registered dealer having TIN 07986916518 and is engaged in sale of printed material content meant for education at computer institute. Content developed in house and being published in the form of books/booklets/printed material to be distributed at the Commercial computer Institute.

Prohibition on import of milk and milk products from China is extended for one more year

June 23, 2014 616 Views 0 comment Print

Prohibition on import of milk and milk products (including chocolates and chocolate products and candies/ confectionary/ food preparations with milk or milk solids as an ingredient) from China is extended for one more year, i.e., till 23.6.2015 or until further orders, whichever is earlier.

RBI announces Timelines for Regulatory Approvals and Citizens’ Charter for Delivery of Services

June 23, 2014 1961 Views 0 comment Print

In case an applicant does not get a response within the indicated timeline, they can approach the head of the concerned department. The department head will respond with the status of the application, the reason for delay, request for additional information, if any, as well as the likely time for disposal of the application.

RBI ask banks to share information/documents required by SIT

June 23, 2014 1403 Views 0 comment Print

In pursuance of the Hon’ble Supreme Court Judgment dated July 4, 2011, Government of India has constituted a Special Investigation Team (SIT) under the Chairmanship of Hon’ble Justice M.B. Shah. In this regard, the Hon’ble Supreme Court has directed that:

VAT Authorities denying Input tax credit on Flimsy Grounds

June 23, 2014 14510 Views 0 comment Print

Denial to grant Input tax credit on Flimsy Grounds by the VAT Authorities without following the settled law laid down by Hon’ble Supreme Court of India and by the High Courts. Every Registered Dealer is the agent of Department of Excise & Taxation as while granting the registration, every registered dealer is authorized to collect […]

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