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Archive: 30 September 2014

Posts in 30 September 2014

Demand of duty on clandestine removal of excisable goods cannot be confirmed solely on the basis of presumptions and assumptions

September 30, 2014 1532 Views 0 comment Print

The Department received an anonymous complainant indicating therein that during the period February 9, 1993 to September 27, 1995 about 3839.350 MT ordinary Portland cement was illegally sold which involved Excise Duty amounting to Rs.7,20,154/-, by using parallel documents like GP1s, invoices, challans , Bills, cash memo and GRs, etc.

Notification No. 43/2014-Customs (ADD) Dated: 30.09.2014

September 30, 2014 556 Views 0 comment Print

on the basis of the aforesaid preliminary findings of the designated authority, the Central Government had imposed the provisional anti-dumping duty on the subject goods, originating in or exported from the subject countries vide notification of the

No redemption fine can be imposed on goods which were exported without furnishing bond

September 30, 2014 1441 Views 0 comment Print

In the instant case, General Export Enterprises (Appellant) had exported consignment of manmade fabrics. During the course of the investigation, the gram per square meter (GSM) values declared by the Appellant were found to be mis­declared but the goods were allowed to be exported

Dept cannot initiate proceedings when assessee had time to fulfill statutory obligations

September 30, 2014 781 Views 0 comment Print

The Hon’ble Madras High Court observed that the Petitioner was granted a time period of 8 years to fulfil the export obligations. However, the Department had initiated the proceedings before the expiry of stipulated period of 8 years. Therefore, the Hon’ble High Court held that initiation of proceedings in such a case was completely arbitrary and faulty.

Cenvat Credit on plastic crates used for safe transportation of finished goods is allowable

September 30, 2014 3312 Views 0 comment Print

The Cenvat Credit on plastic crates were used for safe transportation of finished goods is allowable even it is not being used in or in relation to the manufacture of final products CCE, Noida Vs. Denso India Ltd. & Another [2014 (9) TMI 635 – Allahabad High Court] Denso India Ltd. & Another (the Respondent) […]

Notification No. 95/2014-Customs (N.T.) Dated: 30.09.2014

September 30, 2014 409 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the

Income-tax (10th Amendment) Rules, 2014 – Notification No. 48/2014

September 30, 2014 4861 Views 0 comment Print

Notification No. 48/2014-Income Tax In exercise of the powers conferred by section 133C read with section 295 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 (10th Amendment) Rules, 2014.

Regarding Section 11C exemption to Rosin / Turpentine Oil

September 30, 2014 826 Views 0 comment Print

Request to reconsider the decision regarding issue of Notification under Section 11C of the Central Excise Act, l944 for exemption to the Rosin / Turpentine Oil falling under Chapter 38 of the Central Excise Tariff Act, 1985 for the period 27.05.1994 to 28.02.2006 – regarding.

Application Form for SFIS for Net Foreign Exchange earning in year 2013 -14

September 30, 2014 5055 Views 0 comment Print

Expenses for the purpose of Annexure E shall mean Total expenses /payment/remittances of Foreign Exchange including those incurred on Capital Goods by the IEC holder, relating to service sector in Financial year.

Work to be done after Incorporation of Company

September 30, 2014 41386 Views 12 comments Print

 POST INCORPORATION WORKS   In my earlier article – Incorporation of Companies & Table of Procedure of Incorporation of Company under Companies Act-2013, I explained detailed procedure for incorporation of company. After Incorporation many works are required to be done by companies on time to time. As soon as a company is incorporated, whether public or […]

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