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Format of declaration of exporter on reverse of DGFT’s e-BRC

March 24, 2017 7764 Views 0 comment Print

Acceptance of e-BRC by the Customs Authorities would be subject to appropriate declaration by the exporter on the reverse of the DGFT’s e-BRC. Prescribed format of the said declaration is annexed herewith.

Working of Cash Section & all Groups on 25.03.2017 (Saturday)-Reg.

March 24, 2017 978 Views 0 comment Print

Attention of all the importers, exporters, customs brokers and other stakeholders is invited to the fact that cash section and all the Assessing Groups under NS-I, III & V would be working on 25.03.20 17 (Saturday) due to closing of the financial year 2016-17.

Pre-import condition for inputs/import items specified in Appendix 4J

March 24, 2017 7845 Views 0 comment Print

With this Public Notice, clarity is brought about applicability of Pre-import condition for inputs/import items specified in Appendix 4J. Amendment is also carried out in General Note No. 15 of Chemical and Allied Products (SION Book) to align with Appendix 4J.

ITAT on Commencement of Business of Metro Rail Project

March 24, 2017 921 Views 0 comment Print

Assessee has taken all the necessary steps to facilitate the building of Metro Rail System. Since the assessee has taken steps in furtherance of its main objects, it cannot be stated that the assessee has not commenced its business.

Shifting of office premises of various formation of Service Tax, Delhi Zone

March 24, 2017 1542 Views 0 comment Print

Consequent upon hiring of new space for the office premises of Service Tax, Delhi Zone i.e. (i) Commissioner of Service Tax, Delhi-I,(ii) Commissioner of Service Tax, Delhi-II, (iii) Commissioner of Service Tax, Delhi-Ill, (iv) Commissioner of Service Tax, Audit-I,

Govt notifies Third Protocol Amending India-Singapore DTAA

March 24, 2017 717 Views 0 comment Print

Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30.12.2016, has come into force on27.02.2017.

Amendment in Custom / Excise to facilitate GST & abolish cesses & surcharges

March 24, 2017 1371 Views 0 comment Print

Cabinet approves Amendment of in the Customs and Excise Act, relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime

Railway official booked for accepting demonetized currency notes

March 24, 2017 930 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 56448 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 774 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.

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