"31 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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