The Central Government vide Notification No. 02/2015-Customs (ADD) dated January 7, 2015 has continued the imposition of Anti-Dumping Duty on import of ‘Melamine’, falling under Chapter 29 of the First Schedule to the Customs Tariff Act, 1975, originating in, or exported from People’s Republic of China till February 18, 2016 until revoked earlier.
The Central Government has now deleted the proviso of clause (bd) therein, which specified that the exemption from Customs duty leviable thereon under the Customs Tariff Act, 1975 on import of Bunker fuels for use in ships or vessels till May 11, 2015.
Goods and Service tax which is going to be introduced in India is a Tax to be collected by states and centre both on a single transaction so if X of Mumbai sells Goods to Y of Mumbai then both SGST and CGST will be applicable on this transaction
Amendment in Companies (Cost Records and Audit) Rules, 2014 The Ministry of Corporate Affairs vide Notification F. No. 1/40/2013-CL-V dated December 31, 2014 has made amendment in the Companies (Cost Records And Audit) Rules, 2014 through Companies (Cost Records and Audit) Amendment Rules, 2014 (the New Cost Audit Rules).
When there is no provision for filing a Second Application, the question of limitation does not arise. Further, the time limit under Section 27(1) of the Customs Act is for the First Application and the appeal is a continuation of the original proceedings and therefore there can be no limitation in respect of the proceedings pursuing the refund claim.
Maharashtra Seamless Ltd. (the Appellant) imported round Billets without payment of Customs duty for the manufacture of seamless tubes and pipes in the private bonded warehouse under the Customs license issued under Section 65 of the Customs Act, 1962 (the Customs Act)
Koya & Company Construction Pvt. Ltd. (the Assessee) was engaged in the manufacture and selling of PSC pipes. The Assessee cleared the PSC pipes on payment of Excise duty to KCCL, an interconnected undertaking.
Indian Oil Corporation Ltd. (the Petitioner) had procured Aviation Turbine Fuel (ATF or the fuel) from the refinery of Bharat Petroleum Corporation Ltd (BPCL) on payment of Excise duty. The fuel was initially stored at the terminal and thereafter it was sold at NITC, IGI Airport, Delhi.
It was further held by the Hon’ble High Court that there is difference between ‘condonation of delay’ and ‘exclusion of period’. The condonation of delay is in the discretion of the Court or Forum, whereas exclusion of time under Section 14 of the Limitation Act is a mandate under law,without leaving any scope for subjectivity.
In the instant case, the Department demanded Service tax for the periods 2005-06 to 2007-08 on Rs. 14,40,000/- paid by Astron Polymers (P.) Ltd. (the Appellant) towards factory rent to one of its director. The Appellant denied liability to Service tax citing that levy was unconstitutional.
