In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. It is denied that there is any proposal under consideration of the Government to withdraw bank cheque book facility. In […]
While admitting an appeal by the Revenue against the ITAT Delhi’s order granting relief to Patanjali, the Delhi High Court recently ruled that propagation of yoga, Vedic philosophy, practice of yoga, education with respect to yoga are to be considered as medical relief for the purpose of granting exemption under the provisions of the Income Tax Act, 1961.
References have been received from the trade regarding levy of IGST/GST on sales of goods deposited in a customs bonded warehouse. Ch IX of the Customs Act provides for deposit of goods into a customs bonded warehouse licensed under section 57 or 58 or 58A without payment of duty and the procedures to be followed with respect to the warehoused goods.
For adjudicating upon the plea of peak credit the factual foundation has to be laid by the assessee. He has to own all cash credit entries in the books of account and only thereafter can the question of peak credit be raised
Seeks to extend levy of ADD on imports of caustic soda originating in or exported from Saudi Arabia (UAE) and United States of America (USA) by one year, upto 25.11.2018.
Seeks to further amend notification No. 50/2017-Customs so as to amend the condition with regard to provisional mega power projects and permit proportionate release of FDR or BG based on proportionate mega certificate issued by Ministry of Power
In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published
Notification No. 18/2017-Customs (N.T./CAA/DRI) In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i)
Director General, Revenue Intelligence, hereby appoints Principal Commissioner/Commissioner of Customs (Nhava Sheva-I), Jawaharlal Nehru Custom House, Raigad to act as a common adjudicating authority for the purpose of adjudicating the matters relating the Show Cause Notice pertaining to M/s. K. K. Enterprises, Secunderabad and 9 others, issued by the Additional Director General, Directorate of Revenue Intelligence, Chennai Zonal Unit vide F. No. VIII/26/38/2008- HRU dated 14. 10.2010.
Director General, Revenue Intelligence, hereby makes the following amendment in the Notification No. 53/2016- Customs (N.T.) dated 13.04.2016, issued by the Board and published vide S.O. 1420(E) dated 13.04.2016.
