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Settle IGST refund due to invoice mismatch on Priority basis: CBEC Chief

February 23, 2018 13806 Views 0 comment Print

As a number of IGST refunds are stuck due to invoice mismatch and other mismatches, an interface has been developed in ICES where Customs officers can process refund claims and sanction refund. All the concerned Chief Commissioners are requested to ensure that all pending refund claims arising due to invoice mismatch or other mismatch which need rectification by trade/our officers are processed and settled on a priority basis.

PNB Scam: Stop Blame Game- Let RBI & Finance Ministry Own Responsibility

February 23, 2018 11232 Views 7 comments Print

Much is talked and written about scams in the Banking sector after the Nirav Modi Scam in PNB. Why RBI, Finance Ministry, CVC and others wake up only when a major scam surfaces? Why we are not analyzing the failure of the system? What is the role of the Govt and its policies which cause system failures and scams?

ICAI issued Show Cause Notices to Auditors of PNB & Gitanjali Gems

February 23, 2018 16395 Views 5 comments Print

The Disciplinary Directorate of ICAI has issued Show Cause Notices to all Central Statutory Auditors of PNB. Similarly, Central Statutory Auditors who have done quarterly review of PNB have also been issued Show Cause Notice. Auditor of Gitanjali Gems Ltd., has also been issued the Show Cause Notice in the matter.

CBEC notifies BCD Rate on various goods for cellular mobile phone

February 23, 2018 1350 Views 0 comment Print

Seeks to further amend notification No. 50/2017-Customs so as to prescribe effective rate of BCD on All goods [other than screw (7318 15 00) and SIM socket / Other Mechanical items (Metal) (7326 90 99) for cellular mobile phone]

Reg. Anti dumping duty on import of Toluene Di-Isocyanate

February 23, 2018 774 Views 0 comment Print

No Anti dumping duty on import of on imports of Toluene Di-Isocyanate (TDI) originating in or exported from China PR, Japan and Korea RP for the period commencing from the date of the lapse of the provisional anti-dumping duty, that is, the 5th December, 2017 to 22nd January, 2018.

Conduct of Assessment Proceedings in scrutiny cases electronically-reg.

February 23, 2018 2193 Views 0 comment Print

As per the above instructions the list of the income tax buildings which have limited bandwidth are given in Annexure- A { List of 156 income tax buildings on VSAT} and Annexure –B { List of 212 other income tax buildings which are in the process of up gradation and expected to be completed by 31-03-2018).

Notification No. 2/2018-Customs (N.T./CAA/DRI), Dated: 23.02.2018

February 23, 2018 1194 Views 0 comment Print

Notification No. 2/2018-Customs (N.T./CAA/DRI) In pursuance of notification No. 60/2015-Customs (N.T.), published vide number G.S.R. 453(E), dated 4th June 2015 in Gazette of India, Extra-ordinary, Part-II, section 3, sub-section (i), and as amended by notification No. 133/2015-Customs (N.T.), published vide number G.S.R. 916(E) dated 30th November 2015 in Gazette of India

How to lodge complaint/issue on GST Grievance Redressal Portal

February 23, 2018 10572 Views 0 comment Print

1. Taxpayers may access the Grievance Redressal Portal for GST at https://www.selfservice.gstsytem.in/ 2. Enter the keyword related to issue/complain being faced by you in the Type of Issue/Concern box.

PNB clarifies on Nirav Modi Statement on making Fraud Public

February 23, 2018 40872 Views 4 comments Print

PNB closed all option to recover dues by going public: Nirav Modi.- We have followed lawful avenues available to us as per law of land to recover our dues.

JCIT cannot give Approval U/s. 153D in a mechanical way

February 23, 2018 2178 Views 0 comment Print

Joint Commissioner has failed to grant approval in terms of section 153D of the Act i.e., after application of mind but has rather carried out exercise in utmost haste and in a mechanical manner and, therefore, the approval so granted by him is not an approval which can be sustained.

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