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Archive: 28 March 2016

Posts in 28 March 2016

Notification No. 24/2016-Customs Dated: 28th March, 2016

March 28, 2016 691 Views 0 comment Print

Seeks to further amend notification No. 12/2012-Customs, dated the 17th March, 2012 so as to (i) continue BCD @ 25% on import of wheat beyond 31.03.2016 upto 30.06. 2016 (ii) retain BCD @ 40% on import of Ghee Butter and Butteroil, beyond 31.03.2016 for a period upto 30.09.2016

Mail issues issues pertaining to ROC Website: ICSI

March 28, 2016 2401 Views 0 comment Print

The ICSI jointly with MCA has taken initiative for resolving various queries/ issues. The MCA has kindly consented to resolve all the issues being faced by our members and other stakeholders in implementation of Companies Act 2013 in respect of MCA-21 e-Governance project.

Delhi VAT: VAT deduction at source in respect of works contracts

March 28, 2016 5119 Views 0 comment Print

It is to bring to kind notice of all that section 36 A of the Delhi Value Added Tax Act, 2004 requires every person, at the time of making payment or credit to a contractor, to deduct TDS @ 4%, if the contractor is a registered dealer or @ 6% in case the contractor is unregistered.

Banks to conduct Special Clearing on March 30 & 31, 2016

March 28, 2016 8224 Views 0 comment Print

With a view to facilitate accounting of all the Government transactions for the current financial year (2015-16) by March 31, 2016, it has been decided to conduct special clearing at all clearing houses across the country on March 30 and 31, 2016 as detailed below:

CBEC notifies Accounting Codes for Infrastructure Cess

March 28, 2016 3034 Views 0 comment Print

No. Coord/13-6/H/A/c/VoI.VIII/333 0/0 Pr. Chief Controller of Accounts Central Board of Excise & Customs A.G.C.R. Building, 1st Floor, I.P. Estate, New Delhi. Dated:28 -03-2016 Office Memorandum Subject:- Opening of New Minor Head “506-Infrastructure Cess” below Sub-Major Head “03-Non-Sharable Duties” under Major Head “0038-Union Excise Duties”. The undersigned has been directed to inform that the following […]

Prevention of use of non-genuine transferable duty credit scrips

March 28, 2016 2032 Views 0 comment Print

Instances of unscrupulous persons being able to put to use non-genuine transferable duty credit scrips or duty free import authorizations (purported to relate to chapters 3/5 or 4, respectively, of the respective Foreign Trade Policy) have been noticed in the field formations.

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March 2016