Category Archives: Excise

Exchange Rate of Foreign Currency w.e.f 19.10.2017

By | October 18, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.94/2017-CUSTOMS (N.T.),… Read More »

GST Export Refund : EGM should Match with GSTR-1

By | October 10, 2017

Refund of IGST paid on export of goods. Filing of correct EGM is a must for treating shipping bill/bill of export as a refund claim as the details in EGM should match GSTR-1 Instruction No. 15/2017-Customs F. No. 450/119/2017-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Custom)… Read More »

Exchange Rate of Foreign Currency w.e.f 06.10.2017

By | October 5, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.90/2017-CUSTOMS (N.T.), dated  21st  September, 2017, except as respects things done or omitted to be done… Read More »

Exchange Rate of Foreign Currency w.e.f 22.09.2017

By | September 21, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.84/2017-CUSTOMS (N.T.), dated  7thSeptember, 2017, except as respects things done or omitted to be done… Read More »

Exchange Rate of Foreign Currency w.e.f 18th August 2017

By | August 17, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs(CBEC) No.75/2017-CUSTOMS (N.T.), dated  3rd August, 2017, except as respects things done or omitted to be done… Read More »

Exchange Rate of Foreign Currency w.e.f 04.08.2017

By | August 3, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified  In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.72/2017-CUSTOMS (N.T.), dated 20th July, 2017, except as respects things done or omitted… Read More »

Exchange Rate of Foreign Currency w.e.f 21.07.2017

By | July 20, 2017

Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified  In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs(CBEC) No.70/2017-CUSTOMS (N.T.), dated 6th July, 2017, except as respects things done or omitted… Read More »

Stay on 10% additional pre depsoit for Filing Appeal before CESTAT

By | July 15, 2017

F.No.01/05/Circular /CESTAT /2015 Customs Excise & Service Tax Appellate Tribunal West Block No.2, R.K. Puram, New Delhi – 66 CIRCULAR Dated 11.07.2017 Hon’ble High Court of Delhi on 23.5.2017 has passed an interim order in W.P. No. 4551/2017 and accordingly, the demand of 10% additional mandatory deposit over and above the amount deposited before Commissioner… Read More »

CENVAT Credit Rules 2017 w.e.f 01.07.2017 – Notification No 20/2017 – Central Excise (N.T.) Dated 30th June, 2017

By | July 1, 2017

CENVAT Credit Rules 2017 CENVAT Credit Rules 2017 has been Notified vide Notification No 20/2017 – Central Excise (N.T.) Dated 30th June, 2017 [TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY, PART –II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 20/2017 – Central Excise (N.T.) New Delhi, the… Read More »

Exchange Rate of Foreign Currency w.e.f 02.06.2017

By | June 2, 2017

Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs (CBEC) No.49/2017-CUSTOMS (N.T.), dated 18th May, 2017, except as respects things done… Read More »

Procedure for clearance of Waste Paper

By | May 18, 2017

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 11.05.2017 PUBLIC NOTICE NO. 60/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention of all the Importers, Customs… Read More »

Revised procedure for clearance of Waste Paper – Mumbai Custom Zone-II

By | May 18, 2017

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS –I, III &V) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, URAN, DIST: RAIGAD, MAHARASHTRA – 400 707. E-mail: appraisingmain.jnch@gov.in Phone No.27244889 F.No.S/22-Gen-41 /2014-1 5/AM (I)/JNCH Dated: 16.05.2017 STANDING ORDER NO. 11/2017 Sub: – Partial modification in procedure of examination of waste paper consignments- Reg. Attention of Officers of Customs… Read More »

India and Tajikistan agreement in Customs Matters

By | May 17, 2017

Cabinet approves Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing and ratifying, an Agreement between India and Tajikistan on Cooperation and Mutual Assistance in Customs Matters. The Agreement will help in the availability… Read More »

Rule 10 Cenvat Credit Rules 2004 – Transfer of CENVAT credit.

By | May 10, 2017

Rule 10 Cenvat Credit Rules 2004 Transfer of CENVAT credit. 10. (1) If a manufacturer of the final products shifts his factory to another site or the factory is transferred on account of change in ownership or on account of sale, merger, amalgamation, lease or transfer of the factory to a joint venture with the… Read More »

Rule 7 Cenvat Credit Rules 2004 – Manner of distribution of credit by input service distributor

By | May 10, 2017

1 [Manner of distribution of credit by input service distributor. 7. The input service distributor shall distribute the CENVAT credit in respect of the service tax paid on the input service to its manufacturing units or unit providing output service or an outsourced manufacturing units, as defined in Explanation 4, subject to the following conditions, namely… Read More »

Exchange Rate of Foreign Currency w.e.f 05.05.2017

By | May 4, 2017

Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified              In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.40/2017-CUSTOMS (N.T.), dated 20th April, 2017, except as respects things done… Read More »

24 hour presence of Excise officers in cigarette factories not mandatory

By | May 2, 2017

Circular No. 1055/04/2017-CX  F. No. 81/08/2016-CX.3 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, dated the 1 st May, 2017 To The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners of Central Excise (All) The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners of Central Excise & Service Tax… Read More »

Notification No. 42/2017-Customs (N.T.), Dated: 28.04.2017

By | April 29, 2017

[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) Notification No. 42/2017-CUSTOMS (N.T.) New Delhi, 28th April, 2017 8 Vaisakha, 1939 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section… Read More »

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

By | April 29, 2017

Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and… Read More »

Excise Duty on Heena Powder & Paste falling under Chapter 33-Reg.

By | April 25, 2017

Notification under Section 11C of the Central Excise Act on Heena Powder and Paste falling under Chapter 33 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 11/2017- Central Excise (N.T.) New Delhi, the 24th April, 2017 G.S.R. (E).- Whereas the Central Government is satisfied that according to a practice that was generally prevalent… Read More »

Assessee not allowed to appear with Counsel to Record Statement U/s. 108 of Customs Act

By | April 25, 2017

Allahabad High Court Pawan Kumar Pawan Arora Vs Union of India  Appeal Number : Criminal MISC. Writ Petition No. – 4424 of 2017 Date of Judgement/Order : 30/03/2017 Contention of the learned counsel for the petitioner is that the petitioner be allowed to appear before the authority concerned for recording the statement under Section 108… Read More »

Notification No 15/2017-Customs, Dated: 20.04.2017

By | April 24, 2017

Seeks to exempt goods falling under chapter 30 of first schedule of Customs tariff Act 1975, for supply under Patient Assistance Programme run by specified pharmaceutical companies GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No 15 /2017-Customs New Delhi, 20th April, 2017 G.S.R. . – In exercise of the powers conferred by sub-section… Read More »

V.S. Datey -Central Excise Law & Practice – 26th Edition 2017 Book

By | April 14, 2017

Central Excise Law & Practice (26th Edition 2017-As Amended by Finance Act 2017) Hardcover – 2017 by V.S. Datey (Author) Also Incorporating Central Excise Valuation and Classification Cenvat Credit Central Excise Procedures SSIs/Job Work Price Rs 1507. Click to buy online Hardcover: 1320 pages Publisher: Taxmann Publications Pvt. Ltd.; 26th Edition edition (2017)  

V.S. Datey- Customs Law Practice & Procedures 18th Edition 2017 Book

By | April 14, 2017

Customs Law Practice & Procedures (18th Edition 2017-As Amended by Finance Act) Hardcover – 2017 by V.S. Datey (Author) Also Incorporating : Customs Valuation, Special Economic Zone and EOU,Customs Procedures, Export Incentives, Foreign Trade Policy 2015-2020 Price Rs 1625. Click to buy online Hardcover: 912 pages Publisher: Taxmann Publications Pvt. Ltd.; 18th Edition edition (2017) View… Read More »

Digitization of Drawback Refund claims u/s 74, Supplementary & Manual Brand rate Drawback claims

By | April 7, 2017

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS – II) JAWAHARLAL NEHRU CUSTOM HOUSE, POST: SHEVA, TALUKA: URAN, DIST: RAIGAD, MAHARASHTRA, PINCODE – 400 707. F.No.S/ 12-Gen-Misc-696/ 2016- 17DBK/NS-II(JNCH) Date: 31.03.2017 PUBLIC NOTICE NO. 44/2017 Sub:- Digitization of Drawback Refund claims under section 74, Supplementary and Manual Brand rate Drawback claims at JNCH, Nhava Sheva –… Read More »

Amendment in Import Policy of Raw Sugar – CBEC Notification

By | April 7, 2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.12/2017-Customs New Delhi, the 5th April, 2017 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do,… Read More »

Direct Tax collections up to March, 2017 -14.2% More , Indirect tax collections 22% More

By | April 4, 2017

Revenue Department exceeds Revised Tax Collections target for 2016-17 around 18% taken together in case of Direct and Indirect Taxes; Provisional figure of Total Tax Collections in 2016-17 is Rs. 17.10 Lakh Crore as against the Revised Target of Rs. 16.97 Lakh Crore.; Direct Tax collections up to March, 2017 stood at Rs. 8.47 Lakh… Read More »

Bill of Entry – Revised Regulations Notified by CBEC 31.03.2017

By | April 3, 2017

MINISTRY OF FINANCE Department of Revenue [CENTRAL BOARD OF EXCISE AND CUSTOMS] NOTIFICATION New Delhi, the 31st March, 2017 No. 26/2017-Customs (N.T.) G.S.R. 323(E).—In exercise of the powers conferred by section 157 read with section 46 of the Customs Act, 1962(52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations… Read More »

Taxation Laws (Amendment) Bill 2017 -Introduced in Lok Sabha -Download-Print

By | March 31, 2017

Taxation Laws Amendment Bill 2017 introduced in Lok Sabha to amend Customs Act and Excise Act The Taxation Laws (Amendment) Bill, 2017 AS INTRODUCED IN LOK SABHA Bill No. 69 of 2017 Taxation Laws (Amendment) Bill 2017 -Introduced in Lok Sabha -Download-Print Corrigenda

Export of carpet under duty drawback : CBEC Circular

By | March 31, 2017

Circular no. 10/2017-Cus F. No. 609/24/2017-D5K Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs Drawback Division New Delhi, dated the 30th March, 2017 To All Principal Chief Commissioners of Customs/Customs (Prev)/Customs & Central Excise, All Chief Commissioners of Customs/Customs (Prev)/Customs & Central Excise, All Principal Commissioners of Customs/Customs (Prev)/Customs… Read More »

Disposal of seized/confiscated cigarettes of foreign origin – CBEC Guidelines

By | March 31, 2017

Circular No. 09/2017 – Customs F.No. 711/07/2003-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) New Delhi, dated the 29th March, 2017 To All Principal Chief Commissioners/ Chief Commissioners of Customs/Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central Excise. All Principal Directors… Read More »