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Archive: 24 November 2015

Posts in 24 November 2015

Notification No. 122/2015-Customs (N.T.) Dated: 24/11/2015

November 24, 2015 244 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints

Notification No. 121/2015-Customs (N.T.) Dated: 24/11/2015

November 24, 2015 217 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints

Notification No. 120/2015-Customs (N.T.) Dated: 24/11/2015

November 24, 2015 310 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional Director General (Adjudication), Directorate of

Notification No. 119/2015-Customs (N.T.) Dated: 24/11/2015

November 24, 2015 406 Views 0 comment Print

the Central Board of Excise and Customs hereby appoints the Additional Director General (Adjudication), Directorate of Revenue Intelligence, Mumbai to act as a Common Adjudicating Authority to exercise the powers and discharge the duties conferred or

Notification No. 118/2015-Customs (N.T.) Dated: 24/11/2015

November 24, 2015 271 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional Director General (Adjudication), Directorate of

ITAT delete Addition for Low GP ratio calculated without considering Income disclosed during survey

November 24, 2015 1107 Views 0 comment Print

DCIT Vs Shri Jitendra Maganlal Shah (ITAT Ahemdabad) Assessee surrendered Rs.81,77,930/- during the course of survey proceedings covering the excess stock investment, expenses, etc. The assessee had declared a net profit @ 9.16% if the amount surrendered is taken into account

Excise Duty exemption to EOUs on raw materials/parts consumed in manufacture of certain specified ships/vessels and cleared to DTA

November 24, 2015 493 Views 0 comment Print

Notification No. 45/2015-Central Excise Seeks to further amend notification No. 22/2003-CE dated 31-03-2003 so as to enable EOUs to become eligible for duty exemption on raw materials/parts consumed in manufacture of certain specified ships/vessels and cleared to DTA, even if such ships/vessels are exempt from basic customs duty and central excise/CV duty.

Review of Foreign Direct Investment (FDI) policy on various sectors

November 24, 2015 1263 Views 0 comment Print

The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2015 (FDI Policy), effective from May 12, 2015, and as amended from time to time.

Exemption from excise duty raw material and parts for use in manufacture of certain specified ships/vessels

November 24, 2015 2777 Views 0 comment Print

Notification No. 44/2015-Central Excise Seeks to further amend notification No. 12/2012-CE dated 17.3.2012 so as to provide exemption from excise duty on all raw material and parts for use in manufacture of certain specified ships/vessels subject to actual user condition and also removing the requirement of manufacturing of ships/vessels in a custom bonded warehouse under the provisions of Section 65 of the Customs Act, 1962 for availing duty benefits.

Peer to Peer (P2P) Lending: Business Models

November 24, 2015 13031 Views 7 comments Print

With the advancement in technology, there has been a dramatic change in the lifestyle and perception of people, from sharing their mood on facebook or becoming an overnight celebrity by trolling on Instagram or twitter to crowd funding from across globe for a social cause, to starting a business idea online.

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