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RBI amends deceleration to be given in Form ‘FNC’

February 27, 2019 5361 Views 0 comment Print

Accordingly, the Form FNC has also been suitably modified and the following phrase added under the heading ‘Declaration’ in Part II clause (ii), at the end of the existing sentence.

Courier Imports and Exports (Electronic Declaration and Processing), Amendment, Regulations, 2019

February 27, 2019 1647 Views 0 comment Print

FORM – C under regulation 5(3)- Courier Bill of Entry – XII (CBE-XII) for Samples and Gifts (Electronic Filing) i substituted by Courier Imports and Exports (Electronic Declaration and Processing), Amendment, Regulations, 2019

Notification No. 06/2019-Customs (N.T./CAA/DRI) dated 27.02.2019

February 27, 2019 750 Views 0 comment Print

Notification No. 06/2019-Customs (N.T./C AA/DRI) dated 27.02.2019- Appointment of Common Adjudicating Authority Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 06/2019-Customs (N.T./CAA/ EXTENSION/DRI) New Delhi, dated the 27th February, 2019 S.O. 1036(E). – In exercise of powers conferred upon by first proviso […]

CBIC direct tax Recovery by attachment & sale of defaulter’s property

February 26, 2019 3039 Views 0 comment Print

Authorised Officer should proceed to realise the amount by attachment and sale of the defaulter’s property, in accordance with the procedure of attachment and proclamation and sale as prescribed manner. Circular No. 1066/5/2018-CX F,No.298/05/2017-CX9 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Room Nq.267-D, North Block, New […]

ITC not admissible on ambulances purchased for employees benefit: AAR

February 26, 2019 18996 Views 0 comment Print

In re Nipha Exports Pvt Ltd (GST AAR West Bangal) Whether ITC is admissible on ambulances purchased for the benefit of the employees under legal requirement of the Factories Act, 1948. It is evident from above that input tax credit on inward supply of ambulance, being a motor vehicle, is not admissible under Section 1 […]

GST payable on Back Office Support Services and are not Exports

February 26, 2019 8631 Views 0 comment Print

In re Vservglobal Pvt. Ltd. (GST AAAR Maharastra) The Appellate Authority for Advance Ruling upheld  the ruling given by the Advance Ruling Authority by observing  that the services being offered by Appellant is a package of services, which is nothing but a composite supply, of which the principal supply is that of intermediary services. The […]

CBIC postpones increase in customs duty on specified imports from USA

February 26, 2019 696 Views 0 comment Print

Seeks to further amend notification No. 50/2017-customs dated 30th June 2017 to postpone the implementation of increased customs duty on specified imports originating in USA from 2nd March, 2019 to 1st April, 2019 vide Notification No. 06/2019-Customs Dated 26th February, 2019.

Anti-dumping duty on Textured Tempered Coated & Uncoated Glass

February 26, 2019 837 Views 0 comment Print

Seeks to impose definitive anti-dumping duty on Textured Tempered Coated and Uncoated Glass originating in or exported from Malaysia vide Notification No. 12/2019-Customs (ADD) MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 12/2019-Customs (ADD) New Delhi, the 26th February, 2019 G.S.R. 156(E).—Whereas, in the matter of “Textured Tempered Coated and Uncoated Glass with a minimum […]

Loss Due to Obsolescence of Stores & Spares in Inventory is Allowable Business Expenditure

February 25, 2019 13245 Views 0 comment Print

Ms. Hindustan Newsprint Ltd. Vs ACIT (Kerala High Court) In the present case, the Tribunal had permitted devaluation with respect to the items in which the committee had recommended 100% devaluation confining the actual devaluation to 80%. The Tribunal disallowed 20% of the claim finding it to be the scrap value of the devalued items. […]

Cenvat credit on GTA services when goods cleared on FOR basis

February 25, 2019 1773 Views 0 comment Print

CESTAT Ahmedabad allows CENVAT credit on GTA services for doorstep delivery, distinguishing from Ultratech judgment. Relying on Circulars, benefit extended during the relevant period.

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