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Archive: May, 2017

Posts in May, 2017

ESIC: One IP- Two Dispensaries & Aadhaar Based Online Claim Submission

May 2, 2017 1788 Views 0 comment Print

Minister of State (I/C) for Labour and Employment, Shri Bandaru Dattatreya launched two schemes One IP- Two Dispensaries and Aadhaar based Online Claim Submission on the occasion of International Labour Day today.

No Enhancement of rate of bonus payable to Casual labourers

May 2, 2017 1248 Views 0 comment Print

I am directed to refer to your letter Reference No. Confdn/Casual Labour/2015-19 dated 29th June, 2016 addressed to Department of Personnel & Training, New Delhi on the subject mentioned above and to inform you on receipt of your request through the Department of Personnel & Training, the case was referred to the Ministry of Finance, Department of Expenditure, New Delhi for taking suitable action, as deemed fit. The matter was duly examined by the Department of Expenditure, Ministry of Finance and has not been agreed to the request.

New procedure for import involving High Sea Sale at JNCH

May 2, 2017 5109 Views 0 comment Print

It has been decided to prescribe following new procedure as regards import involving High Sea Sale transactions: –i. Bill of Entry / Integrated declaration filed by the Customs Broker/Importer should contain correct and complete details of the “High Seas Sale Buyer & Seller” along with High Seas Sale Commission

At registration stage CIT not supposed to examine Nature of Activities

May 2, 2017 2529 Views 0 comment Print

CIT (E), while considering an application for registration under Section 12AA, is not supposed to examine whether applicant is entitled for certain exemptions under Section 11 or 12 or not since that is within the jurisdiction of Assessing Authority and not CIT (E).

CBEC Launches Prosecution Management Module

May 2, 2017 1830 Views 0 comment Print

Presently, Prosecution Management Module (PMM) is designed to capture prosecution data pertaining to Central Excise and Service Tax Soon, it would be expanded to include Customs also.

Section 80HHC deduction not available on Sales Tax

May 2, 2017 1896 Views 0 comment Print

In K.H. Shoes Ltd v. ACIT, the division bench of the Madras High Court held that the Refund of Sales Tax received by the assessee is not deductible under section 80HHC of the Income Tax Act when such income has no direct nexus with his Export Business.

Contractual Workers eligible for benefits under Maternity Benefits Act

May 2, 2017 6531 Views 0 comment Print

Maternity leave does not change with the nature of employment. It is concerned with human right of a women and the employer and the Courts are bound under the constitutional scheme guaranteeing right to life, a right to live with dignity and protect the health of both mother and child

Export obligation under EPCG and Advance Authorisation Schemes reg.

May 2, 2017 7419 Views 0 comment Print

I am directed to invite your attention to para 2(d) of Circular No. 5/2010-Cus dated 16.03.2010 directing initiation of action to safeguard revenue in case of non-submission of Export Obligation Discharge Certificate within the time period stipulated in the relevant Customs notifications. These directions have been reiterated in para 7 (iii) of Instruction dated 18th January, 2011.

10% additional needs to be paid for filing appeal before CESTAT: Larger Bench

May 2, 2017 3378 Views 0 comment Print

Decision of the Division Bench of the Tribunal in the case of ASR Multimetals Pvt. Ltd. (supra) is correct and the appellant is required to deposit separately 10% of the amount of the duty confirmed/ penalty imposed, for preferring of appeal before the Tribunal against the order of Commissioner (Appeals).

CBDT notifies Rule 21AD & Forms No. 10B for exercising Option u/s 115BA(4)

May 2, 2017 5151 Views 0 comment Print

21AD. Exercise of option under sub-section (4) of section 115BA. (1) The option to be exercised in accordance with the provisions of sub-section (4) of section 115BA by a person, being a domestic company, for any previous year relevant to the assessment year beginning on or after the 1st day of April, 2017, shall be in Form No. 10-IB.

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