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Investigation related to Anti-Dumping Duties on ‘certain glass fibre

July 6, 2016 1357 Views 0 comment Print

Sunset Review investigation relating to Anti-Dumping Duties imposed on imports of ‘certain glass fibre and articles thereof’ originating in or exported from China PR

Appointment of ACIT Junior Scale to DCIT Senior Time Scale grade

July 6, 2016 2428 Views 0 comment Print

Notification No. 15 – Appointment of Assistant Commissioners of Income Tax (Junior Scale) to the grade of Deputy Commissioner of Income Tax (Senior Time Scale) – reg. Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi Dated: 6th July, 2016 Notification No. 15 The following Assistant Commissioners of […]

CBDT directs officials to not to disclose info received under IDS,2016

July 6, 2016 2251 Views 0 comment Print

Central Government having regard to all the relevant factors, hereby directs that no public servant shall produce before any person or authority any such document or record or any information or computerised data or part thereof as comes into his possession during the discharge of official duties in respect of a valid declaration made under ‘the Income Declaration Scheme, 2016’, contained in Chapter IX of the Finance Act, 2016 (28 of 2016).

Duty exemption to sugar exported under Advance Authorization Scheme

July 6, 2016 1681 Views 0 comment Print

(a) Exports are effected in proportion to the import of raw sugar against the said Advance Authorization; (b) Advance Authorization holder has not got the said Authorization invalidated;

Sale of goods at Duty Free Shops in Indian Currency

July 6, 2016 2278 Views 0 comment Print

Representations have also been received from travelers that duty free shops neither display prices in Indian Rupees nor display India made goods at duty free shops, which depreciates the visibility of Indian manufactured products and Indian currency.

Amendment in SION of Product Group`Chemical & Allied Products’

July 6, 2016 991 Views 0 comment Print

The standard Input Output Norms (SION) for export product under S No. A 1875 has been reviewed. There is change in the description of the Export and Import items.

Reg. exemption to goods manufactured at construction site

July 6, 2016 2053 Views 0 comment Print

Representations have been received from the trade regarding difficulties being faced in availing of benefit of exemption applicable to goods manufactured at the site of construction for use in construction work at such site vide S. No. 186 of Notification No. 12/2012-Central Excise, dated 17.03.2012, as amended.

Rate of exchange of foreign currency conversion WEF 07.07.2016

July 6, 2016 3514 Views 0 comment Print

CBEC rate of exchange of conversion of each of the foreign currencies into Indian currency or vice versa, shall, with effect from 07th July, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

NCLT constitutes Benches to discharge Tribunal's powers &functions

July 5, 2016 3778 Views 0 comment Print

In exercise of the powers conferred by Section 419 of the Companies Act, 2013 the President, National Company Law Tribunal hereby constitutes the following Benches for the purpose of exercising and discharging the Tribunal’s powers and functions.

Identify Potential case for Income Tax Declaration Scheme: CBDT

July 5, 2016 13354 Views 0 comment Print

Non-filers with potential tax liabilities- It is seen that a large number of non-filers relating to AY 2010-11 onwards identified in various NMS cycles have not filed return/ submitted response and these cases have not been closed by the field formations. These open cases are available on i-taxnet(NMS cycle 1 and 2) and Actionable Information Monitoring System (AIMS) (NMS cycle 3 and 4).

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