Daily Archives: May 16, 2016

Warehouse provisions in custom w.e.f 14.05.2016

Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs S.Kumar Commissioner (Customs) D.O.F.No. 484/03/2015-LC (Vol II) New Delhi, the 14th May, 2016. Dear Madam/ Sir, Kindly refer to the d.o. letter of even no. dated 2nd March 2016 wherein a synopsis of the budgetary changes proposed in the Finance… Read More »

Public Warehouse Licensing Regulations 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) New Delhi, the 14th May, 2016 Notification No. 70/2016- Customs (N.T.) G.S.R (E).- In exercise of the powers conferred by section 157, read with section 57 of… Read More »

Special Warehouse (Custody and Handling of Goods) Regulations 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) New Delhi, the 14th May, 2016 Notification No.69 /2016- Customs (N.T.) G.S.R (E). – In exercise of the powers conferred by section 157 read with section 58A… Read More »

Warehouse (Custody and Handling of Goods) Regulations 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) New Delhi, the 14th May, 2016 Notification No. 68 /2016- Customs (N.T.) G.S.R (E).- In exercise of the powers conferred by section 157 read with section 57,… Read More »

Special Warehouse Licensing Regulations 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) New Delhi, the 14th May, 2016 Notification No. 72 /2016 – Customs (N.T.) G.S.R (E). – In exercise of the powers conferred by section 157 read with… Read More »

CENVAT Credit (Sixth Amendment) Rules, 2016

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th May, 2016 No. 27/2016 – Central Excise (N.T.) G.S. R. 512(E).—In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), section 94 of the Finance Act, 1994… Read More »

No. 2/2016 – Infrastructure Cess

THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th May, 2016 No. 2/2016 – Infrastructure Cess G.S. R. 511(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 162 of… Read More »

Affixation of one-time-lock on goods arrived from warehouse from customs station

F.No: 484/03/2015 – LC (Vol II) Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs ************* Circular No. 17/2016-Customs New Delhi, dated 14th May 2016 To, All Principal Chief Commissioners Customs, All Principal Chief Commissioners of Customs & Central Excise, All Chief Commissioners of Customs, All Chief Commissioners of… Read More »

Admissibility of catering charges for rail journey on LTC

No. 31011/11/2015-Estt (A.IV) Government of India Ministry of Personnel, Public Grievances and Pensions Department of Personnel and Training Establishment A-IV Desk North Block, New Delhi-110 001 Dated: May 12, 2016 OFFICE MEMORANDUM Subject:- Central Civil Services (Leave Travel concession) Rules, 1988-Admissibility of catering charges in respect of rail journey performed on LTC.- Clarification reg. The… Read More »

Exchange of Information requests to British Virgin Islands

F.No.500/12/2013-FT&TR-III Government of India Ministry of Finance Department of Revenue (Foreign Tax & Tax Research Division) Dated: 12th May 2016 To, All Pr.CCsIT/DGsIT(Inv.) Madam/Sir, Subject: Exchange of Information requests to British Virgin Islands (BVI)-reg.- British Virgin Islands (BVI) is one of the most important jurisdictions for India from the point of Exchange of Information (EOI)… Read More »

EVC for efiled Form 35 to CIT (appeals)

ELECTRONIC VERIFICATION CODE (EVC) FOR ELECTRONICALLY FILED FORM OF APPEAL TO COMMISSIONER (APPEALS) NOTIFICATION NO.5/2016, DATED 6-4-2016 In exercise of the powers conferred by sub-section (1) of section 249 read with section 295 of the Income-tax Act, 1961 (43 of 1961), (the Act) the Central Board of Direct Taxes (CBDT) substituted rule 45 of the… Read More »

Power of search, seizure, etc. under FEMA

Section – 37, Foreign Exchange Management Act, 1999 Power of search, seizure, etc. 37. (1) The Director of Enforcement and other officers of Enforcement, not below the rank of an Assistant Director, shall take up for investigation the contravention referred to in section 13. (2) Without prejudice to the provisions of sub-section (1), the Central… Read More »

Guidance to TPOs and AOs to operationalise transfer pricing provisions

sections 92 to 92F in Chapter X of the Income-tax Act, 1961 INSTRUCTION NO.3/2016 [F.NO.500/9/2015-APA-II], DATED 10-3-2016 The provisions relating to transfer pricing are contained in sections 92 to 92F in Chapter X of the Income-tax Act, 1961. These provisions came into force w.e.f. Assessment Year 2002-2003 and have seen a number of amendments over… Read More »