Representations have been received from the field formations and members of the trade and industry regarding practicality of round-the-clock posting of Central Excise officers in the cigarette manufacturing units. In terms of para 10 of instructions dated 24.12.2008 issued vide F. No. 224/37/2005-CX.6, read with para 2.2 of Chapter 4 of the CBEC Manual, mandatory, round-the-clock presence of Central Excise officer in the factory has been prescribed to ensure that the goods are not removed without his authorisation and also exercise supervision and control over operations as per instructions contained in the Commodity Manual for cigarettes. In view of the limited number of officers posted in the range, problems are being faced to post officers in the cigarette manufacturing units round the clock, resulting in delays in production/ clearance of goods.
Assessee was entitled to full exemption u/s. 54 when full amount was invested by assessee even though property was purchased in joint names of assessee and his brother.
Krishna, the biggest change in the indirect tax law i.e. GST may be implemented from 1 July 2017. This law will be applicable to all, right from Large businesses to small traders. How will trading be done under GST?
CA Priti Kachhal Do not form anything in your mind, As to the examination result – Pass or Fail. Sharpen your focus prevent distraction, As you have infinite potential power inside. What happened? If the comments given not suit to you. Become very brave and cultivate the courage, As the development of the country […]
