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Archive: January, 2018

Posts in January, 2018

18% GST Payable on Hydraulic Orbital Valve classifiable under Tariff Heading 84.81

January 17, 2018 2397 Views 0 comment Print

In re M/s. Dyna Automation Private Limited (AAR Gujarat) What is the classification and rate of Goods and Services Tax for Steering unit which is a kind of hydraulic valve and used as intermediate parts of hydraulic systems in agricultural harvesting machine ? The product “Hydraulic Orbital Valve” is classifiable under Tariff Heading 84.81 of […]

Pumps for sewage or waste is different from clear or raw water: Not eligible for 12% GST

January 17, 2018 4941 Views 0 comment Print

In re M/s. Aqua Machineries Pvt. Ltd. (AAR Gujarat) In common parlance, when one refers to ‘water’, it is understood in the sense of clear or raw water and not in the sense of ‘sewage’. In commercial parlance also, ‘pumps primarily designed for handling water’ and ‘other pumps or pumps designed for handling sewage’ are […]

Laying of underground pipeline network is works contract & GST is Payable

January 17, 2018 15549 Views 0 comment Print

In re M/s. R.B. Construction Company (AAR Gujarat) A. Does the work executed and invoice to be raised for the pending event of testing and commissioning by the applicant after the implementation of the Goods and Services Tax Act amount to supply, and specifically supply of works contract ? The work of laying of underground […]

Authorities have right to ask about inclusion of GST in Tender Price

January 17, 2018 5403 Views 0 comment Print

Kakali Bera Vs. Union of India (Calcutta High Court) Tender process initiated by the tender notice dated April 27, 2017 is under challenge in the present writ petition. The petitioners were admittedly found to be technically qualified and their financial bids were opened. At the initial stage of the financial bid, the petitioners were declared […]

Union Budget 2018-19: ASSOCHAM seeks 10% customs duty on pulp imports

January 17, 2018 1062 Views 0 comment Print

Apex industry body ASSOCHAM has urged the Centre to impose 10 per cent customs duty on import of hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) to encourage domestic pulp production, provide fillip to job creation and promote overall economic development of India’s vast rural hinterland housing pulpwood plantations.

Updated List of banks & Nominated Agencies in Appendix 4B of HBP 2015-20

January 17, 2018 11856 Views 0 comment Print

A. List Of Banks With Addresses Authorized By Reserve Bank Of India To Import Both Gold And Silver B. List Of Banks With Address Authorized By Reserve Bank Of India To Import Only Gold C. List Of Nominated Agencies Under FTP

CBEC decentralises processing of AEO applications

January 17, 2018 2385 Views 0 comment Print

In order to maximize the reach of AEO programme, it has been decided by the competent authority to decentralise the processing of AEO applications so as to meet the objective of trade facilitation and ease of doing business.

Use of DIGIT by JNCH, Procedure to be Followed

January 17, 2018 3429 Views 0 comment Print

Attention of all the officers and staff of JNCH, particularly, SIIB(Import), SIIB (Export), CIU, Centralized Legal Section, Centralized Adjudication Section (CAC), all Appraising Groups of all Commissionerates of JNCH is invited to importance of systematic data capture and proper use of DIGIT.

Seeks to revoke/rescind notification No. 40/2012-Customs (ADD) dated 30.08.2012

January 17, 2018 954 Views 0 comment Print

Anti-dumping duty paid on and after 29th August, 2017, under notification No. 40/2012 Customs (ADD) dated the 30th August, 2012, shall be refunded to the person who in fact paid the ADD, without passing on the burden of the same, in accordance with law.

Assessee needs to discharge initial onus in case of Commission to Related Party

January 17, 2018 2664 Views 0 comment Print

LOAN AND ADVANCES –Interest free funds available with the assessee is in excess of amount advanced to sister concern. There is no nexus between the interest bearing funds and the money so advanced to sister concern which has been established by AO. In view of the same, a presumption will arise in favour of assessee that interest free funds have been utilized for advancing such advance to sister concern. 

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