"11 December 2014" Archive

Where Assessee has made pre-deposit as directed by Commissioner (A), Dept cannot make coercive recovery during pendency of Stay Application

Orissa Stevedores Ltd. Vs. Deputy Commissioner, Central Excise, Customs & Service Tax

In the instant case, Orissa Stevedores Ltd. (the Petitioner) filed a Writ Petition before the Hon’ble High Court of Orissa with a prayer to quash the notice dated August 20, 2014 issued by the Revenue for recovery of Rs. 11,44,54,732/-...

Posted Under: Excise Duty |

Notification No. 48/2014-Customs (ADD) Dated: 11.12.2014

Notification No. 48/2014-Customs (ADD) 11/12/2014

For the purposes of this notification, rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance ...

Indirect Tax Collection during April-November 2014 increases by 7.1%

Indirect Tax Revenue (Provisional) Collections Increase from Rs.3,06,814 Crore in April-November 2013 to Rs. 3,28,662 Crore During April-November 2014; Registering an Increase of 7.1% during April-November 2014 Over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 11.5% During the Same Period...

Posted Under: Excise Duty |

Brief on Corporate Debt Restructuring

CDR Cover following cases - Multiple Banking accounts/Consortium Banking of Corporate Borrower engaged in type of activity with o/s fund based & non fund based limit of Rs 10 crores & above by banks and institutions. Initiative to resolve the case under CDR by at least 75% of creditors in value & 60% of creditors in quantity....

Posted Under: Excise Duty |

Custom Duty exemption on goods for relief of flood affected people of J&K

Notification No. 33/2014-Customs 11/12/2014

the floods in the State of Jammu and Kashmir (the State) from whole of the duty as specified under the First Schedule and whole of the additional duty as specified under Section 3 of the Tariff Act....

Excise duty exemption on goods for relief of flood affected people of J&K

Notification No. 25/2014-Central Excise 11/12/2014

Grants exemption from Basic Excise Duty to goods donated or purchased out of cash donations for the relief and rehabilitation of people affected by the floods in the State of Jammu and Kashmir...

Customs – Regarding adjudication of appraising related cases

Circular No. 14/2014-Customs 11/12/2014

New posts have been created in the rank of Commissioners of Customs in DRI and DGCEI for adjudication of cases as investigated by DRI and DGCEI....

Inordinate Delay in filing Revisions/Appeals by Government not to be condoned henceforth

It is common that there is inordinate delay in filing Revisions/Appeals by the various functionaries of the Government. The Government functionaries have been harbouring a wrong notion that condonation of delay is a matter of course and in seeking such condonation the State can claim preferential or special treatment. It is true that Cour...

Posted Under: Excise Duty |

CBEC's race with Service tax audits

CA Sumit Grover Less than a week ago, CBEC had empowered CAs & CMAs(nominated u/s 72A) to conduct service tax audits on behalf of service tax department, by setting aside the verdict pronounced by Hon’ble Delhi High Court in case of  Travelite (India) Vs. Union of India & Ors., wherein the court took the view […]...

Posted Under: Excise Duty |

Ministry may borrow female artists from another Ministry?

12/1/2013-14-CCSCSB 08/12/2014

Central Civil Services Cultural and Sports Board is organizing the Inter-Ministry Music, Dance and Short Play competition 2013-14 from 27th to 30th January, 2015 at C.S.O.I Auditorium, Vinay Marg, New Delhi  and it has issued Circular No. No. 12/1/2013-14-CCSCSB Dated 08.12.2014 in which it has issued Conduct Rules for Government Employe...

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