"October, 2014" Archive

Tribunal can extend waiver of pre-deposit beyond 365 days by a speaking order when delay in disposing appeal is not attributable to assessee

Commissioner of Central Excise Ahmadabad-I Vs. Sharp Engineers (Gujrat High Court)

In the instant case, the Hon’ble CESTAT, Ahmedabad passed an order extending waiver of pre-deposit/stay of demand beyond the total period of 365 days from the date of grant of initial stay, without passing any speaking order....

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Posted Under: Excise Duty |

Adjudicating Authority cannot reassess/ re-quantify amount of duty that is to be refunded as per Appellate order without challenging the same

Commissioner of Customs & Central Excise Vs. Samtel Color Ltd. (Allahabad High Court)

Samtel Color Ltd. (Assessee) is engaged in manufacturing colour picture tubes falling under Heading No.40.11 of the Central Excise Tariff Act, 1985. Some of the picture tubes were found to be defective at the customer's end and accordingly were returned to the manufacturer...

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Posted Under: Excise Duty |

Amends Notification No. 36/200-Customs (N.T.), dated the 3rd August, 2001

Notification No. 100/2014-Customs (N.T.) (31/10/2014)

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 ...

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Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2014

Notification No. FEMA. 324/2014-RB October 31, 2014 (31/10/2014)

RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA. 324/2014-RB October 31, 2014 Foreign Exchange Management (Remittance of Assets) (Amendment) Regulations, 2014 In exercise of the powers conferred by Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank o...

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FM ask IT Officials to not to lose sight of domestic black money

Finance Minister Asks the Senior Officers of the Income Tax Department not to Lose Sight of Domestic Black Money Keeping in view its Much Higher Magnitude and Chase Those Sectors Where its Most Prevalent; Reviews with Senior Officers of the Department the Achievement of Budgeted Targets of Direct Taxes for 2014-15 and Action There of ...

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Posted Under: Excise Duty |

No first class air travel, 5-star hotel meetings for officials – Govt.

7(1)/E.Coord./2014 (29/10/2014)

Government Announces Measures for Fiscal Prudence and Economy; Every Ministry / Department to Effect A Mandatory 10% Cut in Non-Plan Expenditure; Utmost Economy to be Observed in Organizing Conferences/Seminars/Workshops; Ban on Purchase of Vehicles; in all Cases of Air Travel, the Lowest Air Fare Tickets Available for Entitled Class to b...

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Jurisdiction of DRP for cases and class of cases amended by CBDT – ORDER NO. 12/FT&TR/2014 – Dated 30-10-2014

ORDER NO. 12/FT&TR/2014 (30/10/2014)

In partial modification to Order No. 7/FT&TR/2013 dated 14th November, 2013 and in exercise of the powers conferred under section 144C of the Income-tax Act, 1961(43 of 1961) read with Income-tax (Dispute Resolution Panel) Rules, 2009 as amended from time to time and keeping in view the workload and efficient functioning of Dispute Resolu...

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Constitution of Dispute Resolution Panel-IV at Mumbai by CBDT

ORDER NO. 11/FT&TR/2014 (30/10/2014)

In exercise of the powers conferred by clause (a) of sub-section (15) of section 144C of the Income-tax Act, 1961(43 of 1951) read with income tax (Dispute Resolution Panel) Rules, 2009 as amended from time to time and in addition to earlier Orders constituting Dispute Resolution Panels at Mumbai, the Central Board of Direct Taxes hereby ...

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Old and Used propping pipes for construction service are capital goods which are freely importable

Peri (India) Pvt. Ltd. Vs. Commissioner of Customs (I), Nhava Sheva [2014-TIOL-1630-CESTAT-MUM]

Peri (India) Pvt. Ltd. (the Appellant) imported old and used pipes declaring them as ‘old and used Prop Pep 20-300’ (Impugned goods) and classified them under Customs Tariff Heading (CTH) 7308 4000. The said classification was accepted and duty was demanded accordingly....

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Posted Under: Excise Duty |

When excess payment of Service tax is established, its adjustment cannot be denied merely on non-compliance of procedural aspect

The General Manager, Telecom, BSNL Vs. CCE, Raipur

The Hon’ble CESTAT, Delhi held that the matter is no longer res integra as it has been consistently held that substantial benefit cannot be denied merely because some aspects of the procedure had not been followed....

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Posted Under: Excise Duty |

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