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CBEC amends Custom, Excise & Service Tax Drawback Rules WEF 15.11.2016

October 31, 2016 5158 Views 1 comment Print

These rules may be called the Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2016. They shall come into force on 15th November, 2016

Reg. All Industry Rates Drawback effective from 15.11.2016

October 31, 2016 12580 Views 0 comment Print

Central Government hereby determines the rates of drawback effective from 15.11.2016 vide notification No. 131/2016 – CUSTOMS (N.T.), Dated: October 31, 2016

EPFO inspectors to accept registers/records in electronic form

October 31, 2016 3100 Views 0 comment Print

If any employer/establishment makes available registers/records in electronic form and accessible to the inspector/authority so as to be usable for a subsequent reference, then that employer/establishment should not be required to produce print/hard copy of these documents

GST: Dr. Amit Mitra writes to FM to provide relevant details for proper analysis

October 31, 2016 652 Views 0 comment Print

Kindly recall that as a follow up to the 3rd GST Council Meeting, the States were to receive updated database on tax payers under VAT, Central Excise and Service Tax.

EPF- Death Case Claim Settlements Within 7 Days

October 31, 2016 10039 Views 1 comment Print

All death cases claims submitted by spouse/nominee/legal heir of EPF member be invariably settled within a period of 7 days from date of submission of claim form in concerned field office where the deceased members accounts are being maintained.

Reg. Duty Reimbursement for goods supply to SEZ Developers

October 31, 2016 1534 Views 1 comment Print

Amendment to Instruction No. 9 regarding Procedure for Reimbursement of Duty (ROD) in lieu of drawback for supply of goods to SEZ Developers against Indian Rupees.

Legal provisions applicable to Import/Export of Detonators

October 29, 2016 2209 Views 0 comment Print

Under the Programme Global Shield, 14 explosive precursor chemicals, that can be used to manufacture IEDs, are subject to monitoring. Over the last four years, the number of IED blast and loss of life on account of such IED blasts indicate that the threat of IEDs has not diminished.

S. 40(a)(i) Tax Withholding on ‘Other sum chargeable’ of non residents

October 29, 2016 6802 Views 0 comment Print

For the purpose of making disallowance of other sums chargeable under Section 40(a)(i) of the Income-tax Act, 1961, in the case of non-residents, the appropriate portion of the sum chargeable to tax under the Act, ie, income component therein shall form the basis of such disallowance.

GSTN signs MoU with DGFT to share Foreign exchange realisation data

October 29, 2016 1738 Views 0 comment Print

Press Information Bureau Government of India Ministry of Commerce & Industry 28-October-2016 10:22 IST GSTN signs MoU with DGFT for sharing of foreign exchange realisation data The Goods and Services Network(GSTN) has signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realisation and Import Export code […]

Recent Changes in Prohibition of Benami Property Transactions Act, 1988

October 29, 2016 3535 Views 0 comment Print

The rules and all the provisions of the BTP Amendment Act shall come into force on 1st November, 2016. After coming into effect of the BTP Amendment Act, the existing Benami Transactions (Prohibition) Act, 1988 shall be renamed as Prohibition of Benami Property Transactions Act, 1988 (PBPT Act).

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