Assessees were engaged in the manufacture of Gas Compressor package, classifiable under Sub-heading No.8414.86 of the Schedule to the Central Excise Tariff Act, 1985. They supplied Gas Compressors to M/s Oil & Natural Gas Corporation Ltd (ONGC) on the basis of the tenders
The jurisdiction, processing and approval of name or names proposed in e-Form number INC-29 hitherto exercised by the respective Registrar of companies having jurisdiction over incorporation of companies under the Companies Act, 2013 and the rules made thereunder shall forthwith be exercised by Registrar, CRC.
I am directed to invite your attention to the provisions contained in Schedule VII of DFPR which empowers the authorities mentioned therein, i.e. the Chief Commissioner and the Commissioner to write-off of irrecoverable amounts of Indirect Taxes upto Rs. 15 Lakh and Rs. 10 Lakh respectively.
In view of developments since the issue of the above circulars, feedback received from the stakeholders and experience gained, it has been decided to amend certain provisions of these guidelines. The amendments to specific instructions of the above-mentioned circulars are given in the Annex.
It has now been decided to dispense with the abovementioned statements with immediate effect. AD banks may however, maintain the above database at their own end and make available the same as and when called upon by the Reserve Bank of India.
As per Central Action Plan 2015-16, Systems Directorate was directed to identify the potential cases for prosecution under section 276CC (prosecution for non-filing of return of income). Earlier, non-filers for AY 2013-14 were identified by Systems Directorate for NMS Cycle-3. The last date for filing the return of income for the AY 2013-14 was 31-3-2015, and therefore the taxpayers identified under NMS Cycle-3 that have neither filed the return of income nor have submitted the response have been identified as potential prosecution cases under section 276CC.
Appellant submitted the reconciliation statement in respect of the shortage of the goods in their factory against which the demand was raised. It is seen from the impugned order that the authorities below has mainly proceeded on the basis of various statements and ignored the evidences placed by the Appellant.
I find that the appellant shifted the machinery from their registered premises without reversal of the credit. The Central Excise Officers detected the irregularity and thereafter, the appellant reversed the credit.
The appellant availed CENVAT credit during the period from June 2009 to March 2010 on the service tax paid on the basis of the invoices issued in the name of their head office. The Learned Advocate submits that the appellant is only manufacturing unit of the head office.
The Ministry of Corporate Affairs had appointed The Institute of Chartered Accountants of India the nodal agency for the noble cause of Investor Awareness and mandated us to conduct Investor Awareness Programmes across the country.
