"12 January 2016" Archive

Notification No. 12/2016-Customs (N.T.) Dated 12th January, 2016

Notification No. 12/2016-Customs (N.T.) (12/01/2016)

Exchange Rate Notification with effect from 13th January, 2016 which seeks to amend Notification No. 02/2016-Cus (NT) dt. 07-01-2016 vide Notification No. 12/2016 - Customs (N.T.) Dated the 12th January, 2016...

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Seal and/or Stamp not required on PAN application/ Correction Form

In case of PAN applications from non-individuals, Seal and/or Stamp is not required on PAN application Form 49A or 49AA or Form for Change or Correction. ...

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Posted Under: Custom Duty |

Guidelines for e-payment of Excise/ Custom Duty & Service Tax refund/ rebate

Circular No. 1013/01/2016-CX (12/01/2016)

Circular No. 1013/01/2016-CX Attention is invited to the procedure followed by the field formations for payment of refund/rebate. Presently, most of the field formations follow the manual handing over/ despatch of cheques for payment of refund/rebate. Consequent to the sanction of refund/ rebate claims by the competent authority, cheques...

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Fraud Reporting- Time to Act Now!

The financial/ corporate frauds and scams which have taken place in India, required the attention of the Law makers. It was high time to evaluate the high standards in corporate governance and implement stringent provisions to tackle corporate Fraud. The problem was on the rise both in its frequency and severity. The increasing rate of wh...

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Posted Under: Custom Duty |

CUP method can be applied by a comparing a pricing formulae instead of pricing quantification in amount

Pr. CIT Vs Toll Global Forwarding India Pvt Ltd (Delhi High Court)

Pr. CIT vs. Toll Global Forwarding India Pvt Ltd (Delhi High Court) CUP method can be applied by a comparing a pricing formulae, rather than the pricing quantification in amount. Rule 10AB inserted w.e.f. 01.04.2012 is beneficial in nature and so retrospective w.e.f. 01.04.2002...

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Notification No. 11/2016-Customs (N.T.) Dated: 12/01/2016

Notification No. 11/2016-Customs (N.T.) (12/01/2016)

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 ...

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Notification No. 10/2016-Customs (N.T.) Dated: 12/01/2016

Notification No. 10/2016-Customs (N.T.) (12/01/2016)

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

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Foreign Exchange Management (Export of Goods & Services) Regulations, 2015

Notification No. FEMA 23(R)/2015-RB (12/01/2016)

No. FEMA 23(R)/2015-RB-In case of exports taking place through Customs manual ports, every exporter of goods or software in physical form or through any other form, either directly or indirectly, to any place outside India, other than Nepal and Bhutan, shall furnish to the specified authority, a declaration in one of the forms set out in ...

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Notification No. 09/2016-Customs (N.T.) Dated: 12/01/2016

Notification No. 09/2016-Customs (N.T.) (12/01/2016)

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

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Notification No. 08/2016-Customs (N.T.) Dated: 12/01/2016

Notification No. 08/2016-Customs (N.T.) (12/01/2016)

In exercise of the powers conferred by sub-section (1) of section 4 and sub­section (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 ...

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