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CBIC increases effective rate of Basic Customs Duty on petroleum crude

July 6, 2019 540 Views 0 comment Print

Seeks to further amend notification No. 52/2017- Customs dated 30th June 2017 so as to increase the effective rate of Basic Customs Duty on petroleum crude vide Notification No. 20/2019-Customs Dated: 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 20/2019–Customs New Delhi, the 6th July, 2019 G.S.R. 477(E). – […]

Customs Duty exemption on specified defense equipment & parts

July 6, 2019 14334 Views 0 comment Print

Seeks to exempt specified defense equipment and their parts from Basic Customs Duty for a period of 5 years vide Notification No. 19/2019-Customs Dated: 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 19/2019-Customs New Delhi, the 6th July, 2019 G.S.R (E).- In exercise of the powers conferred by sub-section […]

Customs: CBIC increases effective rate of Road and Infrastructure cess

July 6, 2019 3930 Views 0 comment Print

Seeks to increase the effective rate of Road and Infrastructure cess, as additional duty of customs, on petrol and diesel vide Notification No. 18/2019-Customs dated: 6th July, 2019

CBIC to exempt crude petroleum oil produced in specified oil fields

July 6, 2019 1482 Views 0 comment Print

Seeks to exempt crude petroleum oil produced in specified oil fields under production sharing contracts or in the exploration blocks offered under the New Exploration Licensing Policy (NELP) through international competitive bidding vide Notification No. 6/2019-Central Excise Dated 6th July, 2019.   GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 6/2019-Central Excise […]

CBIC increases effective Special Additional Excise Duty on Petrol & Diesel

July 6, 2019 2142 Views 0 comment Print

Seeks to increase the effective rate of Special Additional Excise Duty on Petrol and Diesel vide Notification No. 05/2019-Central Excise Dated 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 5/2019-Central Excise New Delhi, the 6th July, 2019 G.S.R. 488(E).– In exercise of the powers conferred by section 147 of […]

CBIC increases effective rate of Road and Infrastructure Cess

July 6, 2019 2871 Views 0 comment Print

Seeks to increase the effective rate of Road and Infrastructure Cess as additional duty of excise on Petrol and Diesel vide Notification No. 04/2019-Central Excise Dated 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 4/2019-Central Excise New Delhi, the 6th July, 2019 G.S.R. 487(E). – In exercise of the […]

Basic excise duty on specified goods in chapter 24 increased

July 6, 2019 5703 Views 0 comment Print

Seeks to increase the basic excise duty on specified goods in chapter 24 under section 5A of the Central Excise Act 1944 vide Notification No. 03/2019-Central Excise Dated 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2019-Central Excise New Delhi, the 6th July, 2019 G.S.R. 486(E)– In exercise of […]

CBIC amends notification No. 11/2017-CE to omit a chapter 24 entry

July 6, 2019 2124 Views 0 comment Print

CBIC further amends notification No. 11/2017-Central Excise dated 30th June 2017 so as to omit an entry with respect to chapter 24 vide Notification No. 02/2019-Central Excise Dated 6th July, 2019. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 02/2019-Central Excise New Delhi, the 6th July, 2019 G.S.R. 485(E). – In exercise […]

Bachelor of Engineering (Agriculture) cannot be granted registration as registered valuer

July 6, 2019 1041 Views 0 comment Print

He claims that he has studied eights subjects of Mathematics (Mathematics I, Mathematics II, Mathematics III, Mathematics IV, Mathematics V, Mathematics VI, Mathematics VII, and Mathematics VIII), and since civil engineering includes mathematics, he has studied eight civil engineering subjects. Further, most of the Engineering Courses have some common foundational subjects such as English, Mathematics, […]

Highlights of Budget 2019- Direct and Indirect Tax

July 5, 2019 2979 Views 0 comment Print

Income Tax Highlights of Budget 2019 1. No change in Income Tax in case of income up to Rs 2 crores. 2. Income Tax return can be filed using either Aadhar Number or PAN No. 3. Surcharge – √ Taxable income from Rs 2 crore to Rs 5 crore- Surcharge has been increased from 15% […]

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