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Archive: November, 2016

Posts in November, 2016

Guidelines for functioning of Stock Exchanges and Clearing Corporations in International Financial Services Centre (IFSC)

November 28, 2016 949 Views 0 comment Print

Pursuant to announcement in the Union Budget 2015-16 on Gujarat International Finance Tec-City (GIFT), SEBI (International Financial Services Centre) Guidelines, 2015 (‘IFSC Guidelines’) were issued on March 27, 2015 for facilitating and regulating financial services relating to securities market in an IFSC set up under section 18(1) of Special Economic Zones Act, 2005.

All about Principles of Natural Justice

November 28, 2016 10870 Views 0 comment Print

In this E-book, attempts have been made to explain the Principles of Natural It is expected that it will help departmental officers in their day to day work.

Mandatory Pre-deposit before filing Appeals in Central Excise/Customs/Service Tax cases

November 28, 2016 17074 Views 0 comment Print

In this E-book, attempts have been made to explain the provisions relating to mandatory pre-deposit for filing of appeals in Central Excise/ Customs/ Service Tax before different appellate forums. It is expected that it will help departmental officers in their day to day work.

Notification No. 35/2016-Central Excise Dated: 28.11.2016

November 28, 2016 2764 Views 0 comment Print

Seeks to exempt Point of Sale (POS) devices and goods required for its manufacture from central excise duty till 31st March, 2017

No restriction on cash withdrawal of deposit made in legal tender notes

November 28, 2016 10858 Views 10 comments Print

It has been decided, on careful consideration, to allow withdrawals of deposits made in current legal tender notes on or after November 29, 2016 beyond the current limits; preferably, available higher denominations bank notes of ₹ 2000 and ₹ 500 are to be issued for such withdrawals.

Krishi Kalyan Cess to finance & promote initiatives to improve agriculture

November 28, 2016 1210 Views 0 comment Print

Government has levied a new Cess to be called as Krishi Kalyan Cess (KKC) with effect from 1.6.2016. The purpose of imposition of this cess is to finance & promote initiatives to improve agriculture or for any other purpose relating thereto.

Infrastructure Cess (IC) on Motor cars & other motor vehicle

November 28, 2016 18865 Views 0 comment Print

The Union Government in the Finance Bill, 2016 imposed a new Cess as a duty of excise to be called “Infrastructure Cess”. The Infrastructure Cess has been levied on certain goods specified in the Eleventh Schedule of the Finance Act, 2

Compliance for Import of Livestock & Livestock Products

November 28, 2016 4438 Views 0 comment Print

The import of livestock and livestock products into India is regulated by the Livestock Importation Act, 1898 as amended. The objective of this Act and the notifications/orders issued therein is to regulate the import of livestock and livestock products in such a manner that these imports do not adversely affect the country‘s human and animal health population.

Monetary Limits to File Appeal in Tribunal/ High Court & supreme Court in Indrirect Tax Cases

November 28, 2016 17155 Views 0 comment Print

Article explains revised Monetary Limits for Filing Appeal in the Tribunal/ High Courts and the Supreme Court in Customs, Central Excise and Service Tax.

Gold Control Act Is In The Offing?

November 28, 2016 8383 Views 0 comment Print

Advocate Akhilesh Kumar Sah At 8 p.m. on November 8, 2016, Prime Minister Mr. Narendra Modi announced that the Rs. 500 and Rs. 1000 notes shall not be a legal tender from the midnight of November 8, 2016. Also, he announced the introduction of new Rs. 500 and Rs. 2000 denomination notes. PM has repeated […]

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