"09 February 2016" Archive

Notification No. 23/2016-Customs (N.T.) Dated: 09/02/2016

Notification No. 23/2016-Customs (N.T.) 09/02/2016

Notification No. 23/2016-CUSTOMS (N. T.) Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published ...

Read More

Effect of ‘in limine’ dismissal of SLP by Supreme Court

F. No. 276/114/2015-CX.8A 09/02/2016

Board has been receiving various references from the field formations in respect of the effect of ‘in limine' dismissal of Special Leave Petition (SLP) i.e. without its grant or without admission or any discussion by the Supreme Court. There is doubt relating to whether on dismissal of SLP ‘in limine' the question of law posed before ...

Read More

The Definitive Guide to Why You Need Health Insurance

With the rise of growing health care sector and the technology it has developed, the health care has become increasingly expensive. An average lower-middle-class man might just find himself in the midst of the most terrible crisis in case he faces a situation where he has to pay the hospital bills. A single visit to […]...

Read More

Amendments wef 11.2.2016 to All Industry Rates of Duty Drawback

Circular No. 06/2016-Customs 09/02/2016

Circular No. 06/2016-Customs Duty The Government considered representations, feedback and data related to the All Industry Rates (AIR) of Duty Drawback that took effect on 23.11.2015 and has notified certain changes vide Notification No. 22/2016-Customs (N.T.) dated 08.2.2016. These changes take effect from 11.02.2016. ...

Read More

Budget 2016: Expectations from the Finance Minister

Raising the limit for eligible deduction under Section 80C, 80CCC and 80CCD- Presently the Section 80 CCE provides for a cap of Rs. 1.50 lacs for deduction available under Section 80C, 80CCC and 80 CCD(1) taken together. The present limit of Rs. 1.50 lacs was raised from Rs. 1 lacs in the budget of 2014. The erstwhile limit of Rs. 1 lacs ...

Read More
Posted Under: Custom Duty |

Art of Legal Writing: Impact and Analysis

This article is a humble effort on the given topic as a learner. It is an effort on a subject, which as a part of legal profession; I know is the one of the most important but yet an underrated area known as Legal Writing. Public perceives legal professionals to be good draftsmen. However, it’s a fact that time devoted towards developin...

Read More

Procedure for investigation of related party import and other cases by SVB

Circular No. 05/2016-Customs 09/02/2016

Circular No. 5/2016-Customs Duty The Special Valuation Branch (SVB) was created as an institution specializing in investigation of transactions involving special relationships between buyer - seller or those involving other special circumstances surrounding the sale of imported goods, both of which have a bearing on the assessable value....

Read More

Customs: Procedure for renewal of SVB orders and ongoing SVB inquiries

Circular No. 04/2016-Customs 09/02/2016

Circular No. 4/2016-Customs Duty The Board has comprehensively revised instructions for the examination of related party transactions and those involving royalty, licence fee etc. vide circular no. 5/2016 dated 9th February 2016. In view thereof, the Board has decided that the following procedure shall be followed with respect to pendin...

Read More

No charity in initial years cannot be sole basis for trust registration denial

M/s Prabhat (A House of Hope for Special Children) Vs CIT (Exemptions) (ITAT Chandigarh)

As per section 12AA, the commissioner has to satisfy himself about the objectives of the Trust and genuineness of its activities and for such purpose he has the power to call for such documents or information from the assessee as he thinks necessary. ...

Read More

Recommendations on Definitions under Companies Act, 2013

I would like to highlight Recommendations of The Committee on various Definitions like Associate Company, Charge, Deposit, Related Party etc. under Companies Act, 2013. Such recommendations are given below:...

Read More

Search Posts by Date

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031