Circular No. 1014/02/2016-CX Hon’ble High Court has held that duty under Central Excise Act, 1944 can be levied, if the article has come into existence as a result of production or manufacture. Articles which are not produced or manufactured cannot be subjected to levy of excise duty.
1. The law of karma is inexorable. Therefore, be aware of the fact that the energy emanating from us in the form of thought, speech and deed should always be positive. 2. Never think or speak negatively about yourself, that puts you in disagreement with God. 3. Meditate on your God given strength and learn to encourage yourself, for much of the time nobody else will.
There is a Power, which governs the affair of this Universe. We may call it by any name viz. Supreme Intelligence, Supreme Soul, Supreme Power, Supreme Consciousness or God. As rightly told by all the saints of diverse faiths, every human being has, within himself a spark of the Divine. To put it differently, every human being has got within himself a fragment or a part of the Supreme Power or Intelligence.
The Central Board of Direct Taxes (CBDT) has entered into two bilateral Advance Pricing Agreements (APAs) with United Kingdom on 29th January, 2016. With this signing, CBDT has concluded three bilateral APAs the first one being a bilateral APA signed with Japan in December, 2014.
Dear Friends, I started my journey in the active service of profession in the year 1991 as an office bearer of Indore Branch of CIRC of ICAI. I am happy that after 24 years, the profession gave me the opportunity to serve as the 63rd President of the ICAI, in the year 2015. Earlier, I […]
Request for Comments Cost Auditing and Assurance Standards Board (CAASB), the standard-setting body of the Institute, has approved the release of Exposure Draft of Standard on Cost Auditing (ED SCA) ‘The Cost Auditor’s Responses to Assessed Risks’ in its 25th meeting held on 18th January 2016. The exposure draft is hosted on the Institutes website […]
Additional Special Judge for CBI Cases, Chennai has convicted Shri Balaji Rao, then Assistant Commissioner of Central Excise & Customs and his son Shri Arthanarishwar Rao in a Disproportionate Assets case. Shri M.Balaji Rao was sentenced to undergo two years Rigorous Imprisonment while his son Shri Arthanarishwar Rao to undergo one year Rigorous Imprisonment with total fine of Rs.75,000/-.
A.P. (DIR Series) Circular No. 40 Foreign Direct Investment –Reporting under FDI Scheme, Mandatory filing of form ARF, FCGPR and FCTRS on e-Biz platform and discontinuation of physical filing from February 8, 2016
Notification No. 01/2016-Central Excise (N.T.) In exercise of the powers conferred by Section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely:-
Notification No. 17/2016 – Customs (N.T.) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following amendments in the Notification of the Central Board of Excise and Customs No.14/2016-CUSTOMS (N.T.), dated 21st January, 2016, with effect from 2nd February, 2016, namely:-
