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Archive: 11 December 2014

Posts in 11 December 2014

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

December 11, 2014 721 Views 0 comment Print

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/-

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

December 11, 2014 2422 Views 0 comment Print

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%

December 11, 2014 381 Views 0 comment Print

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

Brief on Corporate Debt Restructuring

December 11, 2014 5744 Views 0 comment Print

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.

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

December 11, 2014 735 Views 0 comment Print

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

December 11, 2014 746 Views 0 comment Print

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

December 11, 2014 934 Views 0 comment Print

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

December 11, 2014 3203 Views 0 comment Print

Dont condone inordinate delay in filing revisions/appeals by the government. Learn about the recent ruling by the Apex Court.

CBEC's race with Service tax audits

December 11, 2014 2514 Views 0 comment Print

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 […]

Ministry may borrow female artists from another Ministry?

December 11, 2014 724 Views 0 comment Print

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 Employees and Conditions for Artists […]

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