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CBEC notifies Tariff value for jewellery articles or its parts or both

July 26, 2016 20272 Views 0 comment Print

Articles of jewellery or parts of articles of jewellery or both, (other than those which are manufactured from the precious metal provided by the retail customer)- Value at which such excisable goods are sold for the first time from the registered premises or from the centrally registered premises, or branches of such centrally registered premises

Excise Duty Exemption to handicrafts – benefits withdrawn

July 26, 2016 22551 Views 0 comment Print

Handicrafts, other than the handicrafts falling under heading 7113 of the said Schedule to the said Act.

CBEC hikes SSI limits on jewellery

July 26, 2016 20614 Views 1 comment Print

First clearances of the articles of jewellery or parts of articles of jewellery or both for home consumption, other than articles of silver jewellery but inclusive of articles of silver jewellery studded with diamond, ruby, emerald or sapphire, falling under chapter heading 7113 of the First Schedule upto an aggregate value not exceeding ten crore rupees made on or after the 1st day of April in any financial year, from the whole of the duty of excise specified thereon in the First Schedule :

CBEC notifies Partial exemption to certain items of jewellery

July 26, 2016 19453 Views 0 comment Print

Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts articles of jewellery manufactured,-(i) from jewellery provided by a retail customer; or (ii) by mounting of precious stones provided by a retail customer,

CBEC prescribes 1% excise duty on jewellery

July 26, 2016 27100 Views 0 comment Print

An article of jewellery or part of article of jewellery or both, produced or manufactured from an alloy (including a sintered mixture and an inter-metallic compound) containing precious metal may be treated as an article of jewellery or part of article of jewellery or both of a precious metal, if any one precious metal constitutes as much as 2% by weight of the article of jewellery or part of article of jewellery or both (excluding the weight of the precious or semi-precious stones, mounted or set), in accordance to the following :

Export of Potatoes permitted subject to MEP of US$ 360 per MT

July 26, 2016 20232 Views 0 comment Print

With immediate effect, the table in respect of Sl. No. 50A inserted vide Notification No. 85(RE-2013)/2009-2014 dated 26th June, 2014 relating to export of potato as amended vide Notification No. 112 (RE-2013)2009-2014 dated 20.02.2015, is substituted as follows:

Anti-dumping duty on imports of Rubber Chemicals, namely PX13 & TDQ

July 26, 2016 19650 Views 0 comment Print

Seeks to amend notification No.67/2011-Customs dated the 26th July, 2011 so as to to extend the levy of anti-dumping duty on imports of certain Rubber Chemicals, namely PX13 and TDQ originating in, or exported from, European Union and MOR originating in, or exported from, People’s Republic of China, (imposed vide notification No. 67/2011-Customs, dated 28th July, 2011) for a period of one year i.e. upto and inclusive of the 27th July, 2017.

Schedule of CA CPT Exam to be held in December 2016

July 26, 2016 21346 Views 0 comment Print

Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test will be held on Sunday, 18th December, 2016 in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre.

Customs Assessment of Bulk Liquid Cargo – regarding

July 26, 2016 23174 Views 0 comment Print

In case of all bulk liquid cargo imports, whether for home consumption or for warehousing, the shore tank receipt quantity i.e., dip measurement in tanks on shore into which such cargo is pumped from the tanker, should be taken as the basis for levy of Customs Duty irrespective of whether Customs Duty is leviable at a specific rate or ad-valorem basis [including cases where tariff value is fixed under Section 14(2) of the Customs Act, 1962].

Insolvency and Bankruptcy Board of India (Terms and Conditions of Chairperson and Members) Rules 2016

July 26, 2016 20653 Views 0 comment Print

Terms and Conditions of Service of Chairperson and Members :– i. The Chairperson or the Whole Time Member shall be a person who does not, and will not, have any such financial or other interests as are likely to affect prejudicially his functions as such Chairperson or Member.

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