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15 Steps taken by Govt. for welfare of indirect tax payers
TG Team
08 Mar 2016
0 comment
1. Establishment of 24X7 customs clearance facility in 17 airports and 18 seaports. 2. Customs Single Window Clearance Project for faster customs clearance. 3. Implementation of e-BRC (BRC-Bank Realization Certificate) module...
Posted Under:
Service Tax
|
News
TARC committee recommendation Status related to CBDT & CBEC
TG Team
04 Mar 2016
0 comment
Recommendation -Prefilled tax returns should be provided to all individuals. The taxpayer will have the option to accept the tax return as it is or modify it. In either event, the filing process would be completed with the submission of the tax return electronically....
Posted Under:
Service Tax
|
News
Custom Duty on Life Saving Drugs
TG Team
26 Feb 2016
0 comment
Press Information Bureau Government of India Ministry of Finance 26-February-2016 17:13 IST Custom Duty on Life Saving Drugs Representations have been received from domestic industry stating, inter alia that the exemption/concessional customs duties on drugs including life saving drugs deters domestic manufacture of these life saving drug...
Posted Under:
Custom Duty
|
News
Increase in Custom Duty to promote domestic manufacturing of medical devices
TG Team
19 Jan 2016
0 comment
In line with its ‘Make in India’ campaign, Government of India had constituted a Task Force to examine various issues concerning the domestic Medical Devices Sector. The said Task Force had made certain recommendations regarding rationalization of customs duty structure for the sector, so as to promote domestic manufacturing of medica...
Posted Under:
Custom Duty
|
News
Digital Signature mandatory from 01.01.2016 for filing Customs documents through Remote EDI System
TG Team
28 Dec 2015
0 comment
Registration Module : To capture the Digital Signature and update the KYC details a new Registration module is likely to be started. Please visit the New Registration Advisory and New Registration Demo under downloads section on ICEGATE home page. Digital Signature : Use of Digital Signature for filing of documents through ICEGATE has bee...
Posted Under:
Custom Duty
|
News
Arrest Limit increased in case of outright smuggling or mis-declaration of baggage
TG Team
24 Oct 2015
0 comment
In cases of outright smuggling or mis-declaration of baggage, the limits regarding value of offending goods have been revised from Rs. 5 lakh to Rs. 20 lakh. As in the past, there shall be no lower limit for arrest and prosecution in the cases of smuggling of fake Indian currency notes, arms, ammunitions and explosives and endangered spec...
Posted Under:
Custom Duty
|
News
CBI files chargesheet against then Commissioner of Customs
TG Team
07 Oct 2015
0 comment
The Central Bureau of Investigation has filed a chargesheet against then Commissioner of Customs, ICD, Tughlakabad, Delhi; then Deputy Commissioner(DBK), ICD, Tughlakabad, Delhi and an Exporter (Private person) of Delhi for causing an alleged loss of Rs.74.50 crore (approx) to government exchequer....
Posted Under:
Custom Duty
|
News
CBI arrests Custom Superintendent in bribe case
TG Team
09 Sep 2015
0 comment
The Central Bureau of Investigation has arrested a Superintendent of Customs posted at Bangalore International Airport, Bangalore (Karnataka) while demanding & accepting a bribe of Rs. 2.5 lakhs from the complainant. A case was registered U/s 7 and Sec. 13(2) r/w 13(1)(d) of the Prevention of Corruption Act, 1988 on the complaint that...
Posted Under:
Custom Duty
|
News
CBI Register case against Custom’s Commissioner for causing loss of Rs. 74.61 crore to Government
TG Team
12 Aug 2015
0 comment
The Central Bureau of Investigation has registered a case against Commissioner of Customs, ICD, Tughlakabad, Delhi; the then Dy. Commissioner, ICD, Tughlakabad, Delhi and a private person of Delhi on the allegations of showing favour to private companies in the release of duty drawback from ICD, Tughlakabad, Delhi and ICD, Patparganj, Del...
Posted Under:
Custom Duty
|
News
Import from China affecting 12 product groups in MSMEs
TG Team
10 Aug 2015
0 comment
The Indian Micro, Small and Medium Enterprises (MSMEs) are facing tough competition from cheap Chinese products as is evident in high growth of India’s imports from China. As per information compiled from Director General of Commercial Intelligence & Statistics in respect of 12 major product groups...
Posted Under:
Custom Duty
|
News
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