F.No. 285/90/2013 IT(Inv.V) Guidelines for Compounding of Offences under Income Tax Act, 1961/Wealth tax Act, 1957 in cases of persons holding undisclosed foreign bank accounts/assets
Date extended till 7th September for taxpayers required to e-file their Income Tax Return for Assessment Year 2015-16 CBDT has extended due date date till 7th September for taxpayers required to e-file their Income Tax Return for Assessment Year 2015-16 vide F.No.225/154/2015/ITA.II dated 02.09.2015. In case you were unable to efile your return on […]
Chartered Accountancy course is undoubtedly one of the most prestigious courses a commerce student can opt for. It’s a very difficult task to choose among the various ca firms for joining articleship. After the results of CA-IPCC are announced, every student who qualify for at least the group-1 is eligible for doing their articleship.
In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2015-2020 and Paragraph 1.1 of Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby notifies a new SION with serial number J-377 in Textile Product Group for export product ‘Dipped Belting Fabrics (EP) Conveyor Duck/Synthetic Fabrics of Nylon 6/66 & Polyester 840 Denier and above’.
However, the above procedure at 2. I and II, regarding testing of Textiles and Textile Articles for presence of Azo Dyes, will not be applicable for imports originating from the countries as listed in Appendix-2X, where the use of Azo Dyes in Textiles and Textile Articles is banned.
Whereas, the designated authority, vide notification No. 15/29/2013-DGAD, dated the 31st December, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1 dated the 31st December, 2013, had initiated a review in the matter of
Notification No. 85/2015-Customs (N.T.) (ix) Kathuwas and Mandhan Village, District Alwar- Unloading of imported goods and loading of export goods
The Appendix–2X is being introduced in the Appendix and Ayat Niryat Forms of FTP 2015 -20 listing the countries where from import of Textiles and Textile Articles is exempted from testing of samples for presence of Azo Dyes.
In the case of CCE V/s M/s. Seagull Threads (India) Ltd., it has been held by Goa High Court that it is not permissible in law to consider the issue afresh in a proceeding which has already been settled by the same authority by its earlier order and had attained finality for want of any appeal against the original/earlier order, as no party to the litigation has challenged in any appellate forum.
In the case CCE V/s Nazareth Alloys (High Court of Bombay at Goa), it has been held that by following the judgement of the Hon’ble Apex Court in the case of ‘Dharmendra Textile Processors’ in case provisions of law provides for mandatory penalty, then revenue need not establish mens rea.
