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Railway official booked for accepting demonetized currency notes

March 24, 2017 1119 Views 0 comment Print

Cbi registers a case against an official of itarsi railway station and others for allegedly depositing old notes of rs.61 lakh (approx).The accused cheated the Government by accepting the licence fee in cash in the form of demonetized currency notes in violation of Government notification.

25 FAQs on Income Computation and Disclosure Standards (ICDS)

March 23, 2017 59955 Views 1 comment Print

After notification of ICDS, it has been brought to the notice of CBDT by stakeholders that certain provisions of ICDS may require amendment/clarification for proper implementation.

No Tax on off–shore supplies of goods completed outside Indian territory

March 23, 2017 990 Views 0 comment Print

Aforesaid appeal of the assessee is against assessment order dated 31st January 2017, passed under section 143(3) r/w section 144C(13) of the Income Tax Act, 1961 (for short the Act) for the assessment year 2013–14 in pursuance to the direction of the Dispute Resolution Panel–1, Mumbai, (DRP), dated 18th November 2016.

PF & withdrawal benefit on date of leaving service to International Worker

March 23, 2017 2892 Views 0 comment Print

In order to facilate payment of Provident Fund and withdrawal benefit under EPS, 1995 to International Workers on the date of leaving service in India, the following instructions are issued:-

Rebate of State Levies on Export of Made-up articles

March 23, 2017 4095 Views 0 comment Print

In the ROSL scheme, the Central Govt. provides rebate of State levies comprising of State VAT/CST on inputs including packaging, fuel,duty on electricity generation and duties and charges on purchase of grid power as accumulated through the stages of production from yarn to finished made-ups.

Notification No. 11/2017-Service Tax, Dated: 23.03.2017

March 23, 2017 6459 Views 0 comment Print

Central Board of Excise and Customs hereby invests in the officers specified in column (1) of the Table below, the powers of the Central Excise Officer of the rank specified in column (2) of the said Table

Reduction in basic customs duty from 30% to 10% on sunflower seeds

March 23, 2017 957 Views 0 comment Print

Amendment to Notification No.12/2012-Customs, so as to reduce the basic customs duty from 30% to 10% on sunflower seeds falling under tariff item 1206 00 90 [i.e. other than of seed quality] for the purposes extraction and refining of oil subject to actual user condition, for the period from 1st April, 2017 to 30th September, 2017.

Hazira (Surat) Port included in ports mentioned in EP Schemes

March 23, 2017 1071 Views 0 comment Print

Inclusion of Hazira (Surat) Port in the list of ports mentioned in Export Promotion (EP) Schemes Notifications vide Notification No. 08/2017-Customs, dated 23rd March, 2017

Notification No. 07/2017-Central Excise (N.T.), Dated: 23.03.2017

March 23, 2017 1731 Views 0 comment Print

entral Board of Excise and Customs hereby invests in the officers specified in column (1) of the Table below, the powers of the Central Excise Officer of the rank specified in column (2) of the said Table, in the jurisdiction specified in Notification No. 27/2014-Central Excise, dated the 16th September, 2014

Special Clearing operations of banks on March 30 and 31, 2017

March 23, 2017 1629 Views 0 comment Print

With a view to facilitate accounting of all the Government transactions for the current financial year (2016-17) by March 31, 2017, it has been decided to conduct special clearing at all clearing houses across the country on March 30 and 31, 2017 as detailed below:

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