"November, 2019" Archive - Page 5

Requirement of mandatory uploading on e-Sanchit- Reg.

Circular No. 42/2019-Customs 29/11/2019

Directorate of Systems have issued Advisory No. 25/2019 dated (web link) laying down requirement of mandatory uploading on e-Sanchit, the Invoice/ Invoice cum packing list and Bill of Lading/ Airway bill etc. for every Bill of Entry and subsequent declaration of document code and IRNs in the Bill of Entry. The coding scheme developed by D...

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Clearance of import of metal scrap – Procedure – Regarding

Circular No. 41/2019-Customs 29/11/2019

Certain field formations have raised doubts regarding treatment of consignments of metal scrap till such time scanning facilities are installed at the gateway ports....

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Tariff Notification No. 86/2019-Customs (N.T.) Dated 29th Nov 2019

Notification No. 86/2019-Customs (N.T.) [S.O. 4309(E).] 29/11/2019

Custom Tariff Notification No. 86/2019-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 86/2019-CUSTOMS (N.T.) New Delhi, 29th Novembe...

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Transfer / Posting to the grade of Commissioner/Pr. Commissioner/Pr. ADG Commissioner/ADG of Customs

Office Order No. 158/2019 29/11/2019

Office Order No. 158/2019 The President of India is pleased to promote following officers of Indian Revenue Service (Customs & Central Excise) to the grade of Commissioner of Customs, CGST & Central Excise in the Pay scale of Rs. 37,400-67,000/ with Grade Pay of Rs. 10,000/- (pre-revised) for the panel years mentioned against their nam...

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Accept C ‘Form’ even if Assessment orders already been passed by AO

Vyplavi Granites Vs CTO (Andhra Pradesh High Court)

It is a fit case where the relief sought for by the petitioner can be granted to the extent of directing the authority to reopen assessment filed by the petitioner through letter, dated 2.5.2017 and deal with the acceptance of the documents, more particularly, 'C' form and 'II' form declarations and then pass orders in accordance with law...

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ICAI Releases updated Background Material on GST

Continuing with this motive, the Indirect Taxes Committee of ICAI, has recently revised its Background Material on GST Acts and Rules- May 2018 Edition (Two Volumes: Vol-1 : Act & its analysis along with Rules, Vol-02: Notifications, Circulars & Orders)....

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Posted Under: Custom Duty |

Auto Out of Charge under Express Cargo Clearance System (ECCS)

Circular No. 40/2019-Customs 29/11/2019

Briefly, courier Bills of Entry (CBE) filed for clearance of imported cargo under ECCS are subjected to Risk Management System. The Risk Management Server either facilitates or interdicts a Courier Bill of Entry (CBE). The facilitated CBEs after payment of duty, if any are diverted for X-ray screening before final out of charge....

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How to upload multiple invoices with GST Refund Application- Advisory

Advisory for taxpayers for uploading multiple invoices/ credit/ debit notes as supporting documents with refund application (RFD-01) Tips for Scanning Documents and Reducing File Size for uploading supporting documents with the refund application Taxpayers are expected to upload the supporting documents while filing their refund applicati...

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Posted Under: Custom Duty |

Ind AS 40 | Indian Accounting Standard-Investment Property | Summary

There are high chances or it is most likely probable that Switching from the cost model to a fair value model would probably meet the condition and therefore, you can do it whenever you’re sure that you’ll be able to ascertain the fair value regularly and the fair value model fits better manner...

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Posted Under: Custom Duty |

Last chance to claim transitional credit under GST – Now or Never!!!

Government has provided a window enabling the taxpayers to file the Form Tran-1 till 31.03.2019 and which is now extended till 31.12.2019. It should be noted that this facility is available only to the persons who have attempted to file the FORM GST TRAN-1 within the initial due date i.e., 27.12.2017 but could not file the same due to tec...

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