Notification No. 133/2016-Customs (NT) CBEC, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of GOI
These rules may be called the Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2016. They shall come into force on 15th November, 2016
Central Government hereby determines the rates of drawback effective from 15.11.2016 vide notification No. 131/2016 – CUSTOMS (N.T.), Dated: October 31, 2016
If any employer/establishment makes available registers/records in electronic form and accessible to the inspector/authority so as to be usable for a subsequent reference, then that employer/establishment should not be required to produce print/hard copy of these documents
Kindly recall that as a follow up to the 3rd GST Council Meeting, the States were to receive updated database on tax payers under VAT, Central Excise and Service Tax.
All death cases claims submitted by spouse/nominee/legal heir of EPF member be invariably settled within a period of 7 days from date of submission of claim form in concerned field office where the deceased members accounts are being maintained.
Amendment to Instruction No. 9 regarding Procedure for Reimbursement of Duty (ROD) in lieu of drawback for supply of goods to SEZ Developers against Indian Rupees.
Pursuant to the establishment of the National Committee on Trade Facilitation vide order dated 11thAugust, 2016, its first meeting was held on 28thOctober, 2016 at the North Block, New Delhi. NCTF is a mandatory requirement under Article 23.2 of the WTO Agreement on Trade Facilitation. Its Secretariat is housed in CBEC.
For the purpose of making disallowance of other sums chargeable under Section 40(a)(i) of the Income-tax Act, 1961, in the case of non-residents, the appropriate portion of the sum chargeable to tax under the Act, ie, income component therein shall form the basis of such disallowance.
As announced in the first Bi-Monthly Monetary Policy Statement, 2016-17, it has been decided to introduce Interest Rate Futures based on any rupee denominated money market interest rate or money market instrument on SEBI authorised stock exchanges.
