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Archive: 01 March 2015

Posts in 01 March 2015

Notification No. 9/2015-Customs, Dated : March 1, 2015

March 1, 2015 1967 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sections 91 and 94 of the Finance (No. 2) Act, 2004 (23 of 2004) and sections 136 and 139 of the Finance Act, 2007 (22 of 2007),

Notification No. 8/2015-Customs, Dated : March 1, 2015

March 1, 2015 1101 Views 0 comment Print

G.S.R. 130(E) In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 27/2011-Customs, dated the 1st March, 2011, published in the Gazette of India, Extraordinary, vide number G.S.R. 153(E), dated the 1st March, 2011

Notification No. 7/2015-Customs, Dated: March 1, 2015

March 1, 2015 1083 Views 0 comment Print

In exercise of the powers conferred by section 116 of the Finance Act, 1999 (27 of 1999), read with sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby

Notification No. 6/2015-Customs, Dated : March 1, 2015

March 1, 2015 2204 Views 0 comment Print

In exercise of the powers conferred by section 103 of the Finance (No.2) Act, 1998 (21 of 1998), read with sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do,

Notification No. 1/2015-M & TP, Dated-1st March, 2015

March 1, 2015 2939 Views 0 comment Print

seeks to amend Notification No. 2/2003-M&TP dated 01.03.2003 so as to increase the applicable rate of excise duty from 12% to 12.5%.

Notification No. 1/2015-Clean Energy Cess Date- 1st March, 2015

March 1, 2015 2786 Views 0 comment Print

Central Government hereby exempts all goods leviable to the Clean Energy Cess under section 83 of the said Finance Act, from so much of the Clean Energy Cess leviable thereon under the Tenth Schedule to the said Finance Act, 2010, as is in excess of the amount calculated at the rate of Rs. 200 per tonne.

GAAR provisions to come into effect from 01.04.2017

March 1, 2015 4345 Views 0 comment Print

Deferment of provisions relating to General Anti Avoidance Rule (GAAR) The existing provisions of the General Anti Avoidance Rule (GAAR) introduced by the Finance Act, 2013 are contained in Chapter X-A (consisting of section 95 to 102) and section 144BA of the Act. Chapter X-A provides the substantive provision of GAAR whereas section 144BA provides […]

Budget – Shaking the Common Man and his pocket

March 1, 2015 1343 Views 0 comment Print

Such a stupid budget… Don’t give good education to your kids, coz it now costs more. Don’t go to good hospitals, as it’ll cost more. Welcome to obese India, gym costs more. IT enabled India is not for us, as internet and mobile cost more. Promote white money… Debit and credit card costs more. Trying to buy a house… Forget about it, you have still not saved enough or would be able to do it soon

Union Budget 2015-16 and its impact

March 1, 2015 1891 Views 0 comment Print

The Finance Minister said: Kucch Toh Phool Khilaaye Hai Humne.. Kucch Aur Khilane Hai Dikkat Yah hai ki Raho mei Kae Kaante Purane hai On the other hand: 2015 Budget will further reignite our growth engine, signalling the dawn of a prosperous future. –           Narendra Modi Prime Minister Narendra Modi lauded and applauded the Budget, […]

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