"27 February 2015" Archive

Notification No. 26/0015-CUSTOMS (N. T.) Date- 27th February, 2015

Notification No. 26/0015-Customs (N.T.) (27/02/2015)

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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Disposal of objections relating to mismatch of Annexure 2A/2B cases for A.Y. 2012-13.

27 of 2014-15 (27/02/2015)

In continuation of this department’s Circular Nos. 18, 20, 22 and 24 of 2014-15, it has now been decided to dispose of objections filed u/s 74 of the DVAT Act, 2004 pertaining to mis-match cases of Annexure 2A/2B of Assessment Year 2012-13 on regular basis w.e.f 02/03/2015 for the wards mentioned in Column 4 of the Annexure enclosed her...

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Central Excise and Service Tax Audit norms to be followed by Audit Commissionerates

Circular No. 995/02/2015-CX (27/02/2015)

Audit Commissionerates have been created with an objective to improve the functional efficiency of audit in the field formations. An effective taxpayer audit plays a key role in improving compliance and augmenting tax revenues. It is one of the important compliance verification tools available to the tax administration to verify the cor...

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Whether it is a tax planning or tax avoidance or tax evasion ??????

Shah Rukh Khan (King Khan), a famous actor of Bollywood, had given a loan of Rs. 2,28,88,530.00 to his wife Gauri Khan in A.Y. 2006-07. Gauri Khan has purchased, out of the said loan, a residential property and jewellery. The A.O. has accepted the Wealth Tax Return filed by Shah Rukh Khan passing an order […]...

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Posted Under: Custom Duty |

How An Act Of Kindness Taught Me The Lesson – “Just Do It”

This article has been inspired from an incidence from my personal life that happened yesterday night (24th February 2015). I had gone out for dinner with a friend who also happens to be my gym buddy. Although, both of us are quite regular going to our gym, we don’t give up on our bad food […]...

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Posted Under: Custom Duty |

Mere publicity by NAMO government not enough, real work for general public is more important

CA DEV KUMAR KOTHARI Unfortunate comments of Shri Piyush Goyal on comments of Chairman of HDFC. Author also feels that real work for general public, is more important, mere publicity by NAMO government is not enough. The Chairman of HDFC Shri Deepak Parekh has in some interviews expressed concerns about real work having been done on [&he...

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Posted Under: Custom Duty |

Pre-Budget : Concrete Declarations on Basics of GST Should Be Made In Budget-2015

Budget speeches since 2006 were used to declare a specific date for introduction of GST and the Trade and Industry is waiting for GST on the same promises as made in the Budget speeches of the Finance Ministers from year to year and now we are in year 2015 and still waiting for GST. Goods and Service tax was first referred in the Indian B...

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Posted Under: Custom Duty |

All about form CRA-2 under Companies Act,2013

Form CRA-2- Form of Intimation of appointment of cost auditor by the company to Central Government) Part I – Law(s) Governing the eForm CRA-2 eForm CRA-2 is required to be filed pursuant to section 148(3) of Companies Act, 2013 and rule 6(2) of the Companies (cost records and audit) Rules, 2014 which are reproduced for […]...

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Posted Under: Custom Duty |

Regarding Collection of anti-dumping duty beyond the validity period

Public Notice No. 22/2015-Customs Duty (27/02/2015)

The avoidable delays on account of non-uniform Customs procedures adopted at some ports/Customs stations not only increase transaction cost and time of clearance but also prove to be major constraints in making Indian ports international transshipment hubs. Therefore, a Committee was set up by Ministry of Shipping for simplification of sh...

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Railway budget – Views of an IRCTC Customer

The much awaited railway budget that directly focuses on Aam Aadmi of rural as well as urban India and is the main source of commuting in India ,is out today. Mr. Suresh Prabhu has put forward a different kind of a budget and has not declared any hopes of running new trains on any sector […]...

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Posted Under: Custom Duty |