hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 12/2012-Customs, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.185(E), dated the 17th March, 2012
CBEC exempt services provided by Government or a local authority by way of allowing a business entity to operate as a telecom service provider or use radio frequency spectrum during the period prior to 1st April, 2016 on payment of license fee or spectrum user charges, as the case may be.
In view of the fact that all the major queries and concerns of stakeholders have already been addressed by issue of circulars and also to provide stability and certainty to the Scheme, it is envisaged that no further clarifications on the Scheme shall be issued. It is reiterated that the Scheme closes on 30.09.2016. The extension of the scheme is out of question.
The Minister said that the Government is taking several steps to promote the medical devices sector in the country. The inverted duty structure has been set right. Sh. Ananth Kumar said GST will further bring down the taxation in the sector by almost 12 per cent.
Attention of Importers/Exporters/Trade/CBs is invited to CBEC Board Circular No.037/2016-Cus dt.13th August 2016 on introduction of Special Advanced Authorisation Scheme in combination with AIR drawback under para 4.04A of FTP 2015-20
Chief Justice of the High Courts of Chhattisgarh, Rajasthan, Punjab and Haryana, Madras and Manipur, designates the following Courts as Special Courts for the purposes of providing speedy trial of offences punishable with imprisonment of two years or more under the Companies Act, 2013, namely
If the officer is not empowered to administer oath, then by scoring off the sections in the heads of the stationery would not authorize officer to administer oath and take statement under section 131 of the Income Tax Act, 1961 during the survey. Therefore, this statement is only a piece of information, and does not carry any evidentiary value.
Prohibition on export of Red Sanders wood in log form has been relaxed for export of 383.132 MT of Red Sanders wood, in log form through State Government Maharashtra and Tamil Nadu.
The Commodity Derivatives Exchanges have been using a ‘Spot Price Polling Mechanism’ to arrive at the prevailing spot prices. Transparent discovery of spot prices is a critical factor in smooth running of futures market as the same are used as reference prices for settlement of contracts traded on the exchange platform.
The following 21 postings / transfers in the grade of Additional/ Joint Commissioner of Income Tax are, hereby, ordered vide Order No. 158/2016 with immediate effect and until further orders:-
