CA, CS, CMA : A comprehensive review of significant developments across Income Tax, GST, Customs, DGFT, SEBI, MCA, IBBI, and RBI. The update hig...
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Excise Duty : CBIC has amended Notification No. 08/2026-Central Excise to revise the SAED rate on ATF exports outside India to Rs. 12.5 per litr...
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Order No. 02/2015-Central Excise – CBEC extends the date of submission of, Form ER-1, ER-2, ER-6 for the clearances in the month of November, 2015 from 10th of December, 2015 to 31st of December, 2015 and Form ER-4(Annual Financial Information Statement) from 30th of November, 2015 to 31st of December, 2015, for the assessees in the Union Territory of Puducherry (except Yanam and Mahe) due to natural calamity of rains and flood.
CBEC increase monetary limits for filing appeals by Department before CESTAT to Rs. 10 Lakh from Earlier 5 Lakh and to Rs. 15 Lakh for Appeal before High Court from Earlier Limit of Rs. 10 Lakh. Limit of Rs. 25 Lakh for Filing Appeal before Supreme Court remains unchanged.
Office Order No. 24/2015 Instances have been noticed wherein the Principal Commissioners a-e acting as Chief Commissioner of their respective Zones as well as the members of the Committee of the Commissioners formed for the purpose of reviewing the orders of the Commissioner (Appeals) within their jurisdiction under Section 35B(2) of the Central Excise Act, 1944, Section 85(2A) of the Finance Act, 1994 and Section 129A(2) of the Customs Act, 1962.
F. No. 394/193/2015-Cus (AS) In terms of para 8 (h) of the guidelines, a person can be intercepted / interrogated/ baggage examined/ searched even in the case of non –cognizable offence. The only restriction is that the person can not be detained/ arrested/ prevented from leaving the country.
Notification No. 46/2015-Central Excise prescribes the Basic Excise Duty (BED), with effect from 17.12.2015, on the following products at the rates indicated below: (i) Unbranded petrol from Rs. 7.06 per litre to Rs. 7.36 per litre; (ii) Branded petrol from Rs. 8.24 per litre to Rs. 8.54 per litre; (iii) Unbranded diesel from Rs. 4.66 per litre to Rs. 5.83 per litre; and (iv) Branded diesel from Rs. 7.02 per litre to Rs. 8.19 per litre.
F.No. 238/15/2015-CX.7 With regard to non-detection of lapse during the internal audit, Ministry had issued instructions vide letter No.232/3D/CE/2015-CX.7 dated 7th December, 2015. It is once again reiterated that officers involved in the audit of the units should be clearly directed to follow the instructions scrupulously given in the Audit Manual 2015. This Audit Manual has already be circulated by the Directorate General of Audit to all field formations.
F. No. 390/Misc./69/2015-JC Chief Commissioners are already empowered under the provisions of Section 35Q (as made applicable to service tax matters also under Section 83 of Finance Act,1994) and Section 146A of Customs Act,1962 read with clause (ii) of rule 2(c) of the CESTAT (Procedures) Rules, 1982 to authorize a jurisdictional officer to appear before the CESTAT Bench for pleading a case on behalf of the department . The Board has decided that where no officer is available to argue cases, based on merits of the case, the Chief Commissioner may, in such cases authorize any other officer of his zone to appear before the Tribunal.
Office Order No. 07/Ad.IV/ 2015 In continuation of Board’s Office Order No.02/Ad.IV/2015 dated 27.08.2015 (F.No.A-11013/20/2015-Ad.IV) regarding creation of Directorate General of Tax Payers Services in CBEC, the post of Chief Commissioner Tax Payers Services will stand re-designated as Director General Tax Payers Services (DGTPS).
Order No. 01/2015-Central Excise -CBEC hereby extends the date of submission of, Form ER-1, ER-2, ER-6 for the clearances in the month of November, 2015 from 10th of December, 2015 to 31st of December, 2015 and Form ER-4(Annual Financial Information Statement) from 30th of November, 2015 to 3 1st of December, 2015, for the assessees in the state of Tamil Nadu due to natural calamity of rains and flood.
Notification No. 25/2015-Central Excise (N.T.) Dated 09.12.2015 For all Central Excise assessees in the State of Tamil Nadu, the date for payment of Central Excise duty for the month of November 2015 is being extended to the 20th of December 2015 and the date of filing of the Central Excise return for the month of November 2015 is being extended to the 31st of December 2015.
