Commissioner of Customs, Tuticorin Vs. Sterlite Industries India Ltd. & Others [2014-TIOL-1411-HC-MAD-CUS] In the instant case, the issue was whether demurrage charges and despatch money is required to be included in the assessable value of goods. The Hon’ble Tribunal relied upon a Larger Bench decision in Indian Oil Corporation Vs. CC, Calcutta [2000 (122) ELT […]
Provided that the jurisdiction of the Principal Commissioner or the Commissioner of Central Excise specified in Table-III(A) or Table-III(B) under whose jurisdiction there is an assessee who has obtained a centralised registration for more than one premises in terms of the notification issued under rule 9 of Central Excise Rules, 2002, shall also extend to the jurisdiction of such other Principal Commissioner or Commissioner of Central Excise specified in Table-III(A)
Notification No. 43/2014-Income Tax S.O. 2399(E).—In exercise of the powers conferred by Section 295 read with Section 32 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. (1) These rules may be called the Income-tax (8th Amendment) Rules, 2014.
Stock market regulator, Securities & Exchange Board of India (SEBI) issued a circular dated 15th September, 2014 to introduce certain amendments in revised clause 49 of listing agreement, effective from 1st October, 2014.The gist has been produced hereinbelow:-
The Finance Act (No.2), 2014 has been enacted on 06.08.2014. Section 35F of the Central Excise Act, 1944 and Section 129E of the Customs Act, 1962 have been substituted with new sections to prescribe mandatory pre-deposit as a percentage of the duty demanded where duty demanded is in dispute or where duty demanded and penalty levied are in dispute. Where penalty alone is in dispute, the pre-deposit shall be calculated on the penalty imposed.
