According to the CBEC Education Guide on Taxation of Services, 2012 value of construction service provided to such land owner will be the value of the land when the same is transferred and the point of taxation will also be determined accordingly.
References have been received in Central Office regarding the compliance status of Indian employees working in a covered establishment and moving to work in a foreign country. It has been observed that different offices are adopting varied practices with regard to continuance of compliance of such employees while they are working or proceeding to work in a foreign country. Thus, need has been felt to revisit the same and bring a consolidated set of guidelines to handle possible scenarios.
Notification No. 1/2016-Customs(CVD) Seeks to levy definitive countervailing duty on import of Castings for wind-operated electricity generators whether or not machined, in raw, finished or sub-assembled form, or as a part of a sub-assembly, or as a part of an equipment/ component meant for wind-operated electricity generators originating in, or exported from the People’s Republic of China for a period of five years.
In the notification No. 43/2014 –Customs (N.T.) dated 23.05.2014 issued vide F. No. 394/136/2011-Cus (AS) by Ministry of Finance, Department of Revenue, the words appearing in the opening paragraph namely,-
No. 13-CA (EXAM)/M/2016: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Intermediate (IPC) and Final examinations will be held on the dates given below at the following places provided that sufficient number of candidates offer themselves to appear from each centre.
Trade Notice No. 14/2015 In continuation of Trade Notice No. 12/2015 dated 13.01.2016, stressing the need to maintain absolute integrity and transparency in the functioning of all DGFT offices, attention is drawn to the fact that DGFT is moving towards an IT enabled paperless and personal contact free environment to achieve these objectives in a more comprehensive and complete manner.
Notification No. 1/2016 Where the EVC (Electronic Verification Code) is generated by giving bank details to the e-filing website https://incometaxindiaefiling.gov.in or Where the EVC (Electronic Verification Code) is generated after Demat account authentication using Demat details registered with CDSL/ NSDL
Notification No. 5/2016-Customs Nil Standard rate of duty on Goods required for medical, surgical, dental or veterinary use with Chapter or heading or sub-heading or tariff item 9018 32 30, 9018 50 20, 9018 90 21, 9018 90 24, 9018 90 43, 9018 90 95, 9018 90 96, 9018 90 97, 9018 90 98, 9019 10 20, 9022 90 10 or 9022 90 30
NOTIFICATION NO. 4/2016-Customs Goods required for medical, surgical, dental or veterinary use 5%, Raw materials, parts or accessories for use in manufacture of goods falling under headings 9018, 9019, 9020, 9021 or 9022- 2.5%.
The undersigned is directed to inform that this office is carrying out a study to explore whether the cases where prosecution proceedings are pending for more than 15 years and involving Central Excise duty of up to Rs. 5 lakhs, needs to be withdrawn.
