Fairway Trading Company Pvt. Ltd. (Assessee) filed a shipping bill dated July 31, 2007 for export of 15,700 MTs of Iron Ore Fines in low grade to China. They declared the percentage of iron as 58.5%, thereby the rate of duty applicable was Rs. 50/- per MT.
Rajan Overseas Pvt. Ltd. (the Petitioner) was engaged in the manufacture and export of stainless steel cutlery and utensils (Impugned goods or final products). Since, the Impugned goods were exempted from the payment of the Central Excise Duty vide Notification No.10/2003-CE
7 November 2014 –Due date for deposit of Tax deducted/collected for the month of October, 2014 15 November 2014 – Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending September 30, 2014 22 November 2014 –Due date for […]
India’s G20 Obligations – ICAI’s Role – It is a matter of pride for our profession that a member of our fraternity and former Union Minister CA. Suresh Prabhu has been appointed as our Prime Minister’s Sherpa for the G20 summit, the most significant meeting of world leaders, to be held in Brisbane from 15th November, 2014. As a personal emissary of Prime Minister, he will be responsible for preparing the agenda for the Summit.
