Its December now, that time of the year when everyone looks back their past 12 months trying to visualize and reflect on what all happened and how did they perform or behaved, be it their professional, personal or academic life.
Reference has been received in the Board from field that cases which are admitted in the Settlement Commission should be allowed to be transferred to Call-book in addition to the three category of cases prescribed by Board, for inclusion in Call Book, vide Circular No. 162/73/95-CX dated 14.12.1995 issued vide F. No. 101/20/93-CX.3 read with Circular No. 53/90-CX dated 06.09.1990.
Your attention is invited to Instruction of even number dated 20.10.2010 modified vide Instruction dated 17.8.2011 by which the Board had fixed monetary limits below which appeal shall not be filed in the Tribunal/Courts by the Department. As stated in the Instruction dated 17.8.2011, the present monetary limits are Rs 5 lakhs/ Rs 10 lakhs/ Rs 25 lakhs respectively for appeal to be filed in the Tribunal/High Courts and the Supreme Court.
A case was registered U/s 7 of The Prevention of Corruption Act, 1988 against the said Additional Commissioner of Income Tax, on the allegations for obtaining an illegal gratification of Rs. 30,00,000/-(approx) on 25.03.2013, from a builder of Ahmedabad for passing a favourable order in assessment/ scrutiny proceedings being conducted by him against the firm of the builder, i
December 25, 2014 FOREWORD The Government attaches utmost importance to the need for improving Governance and service delivery to the common man. One of the important tenets in this direction is the effective use of IT based applications under e-Governance initiatives. In line with this, the Ministry of Finance has taken-up the initiative of raising […]
No. 2(103)/2014-CERT-In Government of India Ministry of Communication & IT Department of Electronics and Information Technology Electronics Niketan, New Delhi Dated 27.11.2014 OFFICE MEMORANDUM Subject: Advisory for use of email and web services in respect of compliance to the order of High Court of Delhi under Public Records Act, 1993 Internet has given the flexibility […]
(i) against S.No.51, for the entries occurring in column (4) against clauses (A), (B) and (C) of item II in column (3), the entry 7.5% shall respectively be substituted; (ii) against S.No.55, for the entry in column (4), the entry 7.5% shall be substituted; (iii) against S.No. 56, for the entry in column (4), the entry 15% shall be substituted; (iv) against S.No.57, for the entry in column (4), the entry 7.5% shall be substituted
During the course of this audit, we observed 25 cases of incorrect valuation of excisable goods with duty impact of Rs. 547.93 crore. These had not been detected by departmental compliance verification mechanisms prior to Central Excise Receipt Audit (CERA) pointing out the same.
The performance audit revealed certain inadequacies in the extant provisions, system as well as compliance issues relating to the assessment and collection of duty from the Automotive Sector.
Indian economy was witnessing a heavy turmoil in the previous years and in the current year also this is, to the some extent continuing. However, we are witnessing some comforts where the Whole- sale price index have come to zero and the consumer price index is much within the comfort level.
