Daily Archives: May 16, 2016

Private Warehouse Licensing Regulations 2016

By | May 16, 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. 71 /2016- Customs (N.T.) G.S.R. (E).- In exercise of the powers conferred by section 157 read with section 58… Read More »

Public Warehouse Licensing Regulations 2016

By | May 16, 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

By | May 16, 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

By | May 16, 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 »

Warehoused Goods (Removal) Regulations 2016

By | May 16, 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. 67/2016- Customs (N.T.) G.S.R. (E) In exercise of the powers conferred by section 157 read with section 60, section… Read More »

Class of goods to be deposited in special warehouse

By | May 16, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF EXCISE AND CUSTOMS) New Delhi, the 14th May, 2016 Notification No. 66 /2016- Customs (N.T.) S. O. (E). – In exercise of the powers conferred by sub-section (2) of section… Read More »

Writ can be filed if order passed without jurisdiction even after appeal time barred

By | May 16, 2016

Held The power under Article 226 of the Constitution can be invoked for challenging the order passed by the original authority, under the aforesaid stipulated circumstances namely, as that of the order passed without jurisdiction or by assuming the jurisdiction which is not possessed or the exercise of power in excess of the jurisdiction or… Read More »

CENVAT Credit (Sixth Amendment) Rules, 2016

By | May 16, 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

By | May 16, 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. 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

By | May 16, 2016

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 »

Consignment Bond and General Bond under Custom u/s 59

By | May 16, 2016

Amendment to Ch IX of the Customs Act, 1962 – Bond required to be filed under section 59 F.No: 484/03/2015 – LC (Vol II) Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs Circular No.18/2016-Customs New Delhi, dated 14th May 2016 To, All Principal Chief Commissioners Customs, All Principal… Read More »

Admissibility of catering charges for rail journey on LTC

By | May 16, 2016

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 »

Special Audit u/s 58-A : Empanelment of CA/CA Firms

By | May 16, 2016

OFFICE OF THE COMMISSIONER DEPARTMENT OF TRADE & TAXES GOVT. OF NCT OF DELHI VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI. NOTICE​ No.F/V.Audit/Spl Audit/2016-17/287 Dated: 13/05/2016 Sub: Empanelment of CA /CA Firms for conducting Special Audit u/s 58-A Applications are invited from the CA/CA Firms desirous of being empanelled as Auditors in the Department of Trade… Read More »

Exchange of Information requests to British Virgin Islands

By | May 16, 2016

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)

By | May 16, 2016

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 »

Search & Seizure Guidelines under Income tax

By | May 16, 2016

Instruction No. 7 OF 2003, dated 30.7.2003 Section 132 of the Income-tax Act 1961 Subject : Search & Seizure – matters relating thereto F.No. 286/77/2003-IT(Inv.II) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes To All Director Generals of Income-tax (Inv.) Subject: Search & Seizure – matters relating thereto Sir,… Read More »

Seizure of jewellery in course of search under Income Tax

By | May 16, 2016

Guidelines for seizure of jewellery and ornaments in course of search Instruction : No. 1916, dated 11-5-1994. Instances of seizure of jewellery of small quantity in course of operations under section 132 have come to the notice of the Board. The question of a common approach to situations where search parties come across items ofjewellery,… Read More »

Power of search, seizure, etc. under FEMA

By | May 16, 2016

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

By | May 16, 2016

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 »

Period of stay excluded from period of limitation to complete block assessement

By | May 16, 2016

SUPREME COURT OF INDIA VLS Finance Ltd. v. Commissioner of Income-tax A.K.SIKRI AND ROHINTON FALI NARIMAN, JJ. CIVIL APPEAL NO. 2667 OF 2007 APRIL  28, 2016 JUDGMENT A.K. Sikri, J. – In this appeal, challenge is laid to that part of the judgment of High Court of Delhi dated 15th December, 2006 whereby High Court… Read More »