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TNVAT – Forklift – Rate of Tax

September 8, 2015 7596 Views 0 comment Print

CA V. Sundararajan A dealer is engaged in importing and selling fork lift. For selling of fork lift the dealer is collecting taxes @5% (Capital goods-commodity code no -2025). However the assessing officer is of the view that fork lift will fall under the category of motor vehicles-and are liable to tax @14.5% under the […]

Conditions & Procedure for Export under Bond without Payment of Duty

September 8, 2015 24260 Views 4 comments Print

Dipesh Murarka Rule 19 of the Central Excise Rules, 2002 places following conditions and procedures for export of goods under bond without payment of duty. Let us see the conditions first:- CONDITIONS Any goods may be exported without payment of duty from a factory of the manufacturer or producer or warehouse or any other premises, […]

Anti-dumping duty on imports of Float Glass

September 8, 2015 2218 Views 0 comment Print

the Central Government had extended the anti-dumping duty imposed on the subject goods originating in, or exported from the subject countries vide notification No. 07/2014-Customs (ADD)

SEBI (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2015

September 8, 2015 648 Views 0 comment Print

These regulations may be called the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) (Amendment) Regulations, 2015.

SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2015

September 8, 2015 1777 Views 0 comment Print

In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) Regulations, 1992, namely,–

Securities Contracts (Regulation)(Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015

September 8, 2015 1191 Views 0 comment Print

A commodity derivatives exchange may continue with the existing arrangement for clearing and settlement of trades for a period not exceeding three years from the date of commencement of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015

Reimbursement of mobile phone call charges for field formations under CBEC

September 7, 2015 1891 Views 0 comment Print

In terms of the provisions contained in paragraph 5.1 of the Department of Expenditure Office Memorandum No. 7 (3) E-Coord /2006 dated 22.07.2006, call charges for select number of mobile phones (1857) to officers of the Customs & Central Excise Department was being reimbursed under the scheme of 1 % incremental revenue as incentive provision in view of the requirement of connectivity of field officers with the senior officers at headquarters till the F.Y. 2011-12.

Requirement of registration of quantity with DGFT for export of sugar dispensed

September 7, 2015 9396 Views 0 comment Print

Export of organic sugar without any quantity limits, will be permitted till the time export of sugar is Free. Such export will be subject to the condition that the sugar should be duly certified by APEDA as being organic sugar.

Mere voluntary disclosure after survey proceedings cannot tantamount to bonafide action

September 7, 2015 1964 Views 0 comment Print

ITAT Jaipur held In the case of Nirmal Kumar Bardia vs. DCIT that argument of the assessee that the assessee had disclosed salary received from RMC Gems Thai Co. Ltd., Bangkok voluntarily has not substantiated with any evidence.

Statement u/s 132(4) being rebuttable presumption, can be retracted later on valid evidences

September 7, 2015 3568 Views 0 comment Print

ITAT Jaipur held In the case of ACIT vs. Shri Johari Lal Sodhani that the CIT (A) had given various reasons of retraction and also has considered the evidence for not honouring the statement made under section 132(4).

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