Taxation - Corporate Law Reporter

Clarification related to guidelines for establishing ‘Place of Effective Management’ (PoEM) in India

Circular No 25 of 2017 F No 142/11/2015-TPL(Part-I) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes •••••• New Delhi, 23rd October, 2017 Subject: Clarification related to guidelines for establishing 'Piace of Effective Management' (PoEM) in India-reg. The concept of 'Place of Effective Management' (PoEM) for deciding residency status… Read More

Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September, 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 11th October, 2017. PRESS RELEASE Direct Tax Collections for F.Y. 2017-2018 show Growth of 15.8% up to September, 2017 The provisional figures of Direct Tax collections up to September, 2017 show that net collections are at Rs. 3.86 lakh… Read More

Draft Notification of amendment of Rule 17A and Form 10A of the Income-tax Rules, 1962

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th October, 2017 PRESS RELEASE Draft Notification of amendment of Rule 17A and Form 10A of the Income-tax Rules, 1962 – comments and suggestions thereof. Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of… Read More

CBEC imposes definitive anti-dumping duty on the imports of ” Color Coated/ Pre-Painted flat products of alloy or non-alloy steel ” originating in or exported from China PR and EU

[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) Notification No. 49/2017-Customs (ADD) New Delhi, the 17th October, 2017 G.S.R. (E). Whereas, in the matter of “Colour coated/pre-painted flat products of alloy or non-alloy steel” (hereinafter referred to as the… Read More

Framing of rules in respect of Country-by-Country reporting and furnishing of master file – comments and suggestions-reg

F. No. 370142/25/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* New Delhi, Dated 6th October, 2017 Subject: Framing of rules in respect of Country-by-Country reporting and furnishing of master file – comments and suggestions-reg. In keeping with India’s commitment to implement the recommendations of 2015 Final Report… Read More

Govt. imposes anti-dumping duty on the imports of ” Wire Rod of Alloy or Non- Alloy Steel ” from China PR

[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) Notification No. 48 /2017-Customs (ADD) New Delhi, the 9 th October, 2017 G.S.R. (E). Whereas, in the matter of “Wire Rod of Alloy or Non-Alloy Steel” (hereinafter referred to as the… Read More

Govt. continues imposition of anti-dumping duty on imports of “Melamine” from EU, Iran, Indonesia and Japan

[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) Notification No.47/2017-Customs (ADD) New Delhi, the 6th October, 2017 G.S.R.-(E). -Whereas, the designated authority vide initiation notification No. 7/14/2017- DGAD, dated the 22th September, 2017, published in the Gazette of India,… Read More

Exchange Rate of Foreign Currency Notified w.e.f 06.10.2017

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… Read More

CBEC constitutes committees for Writing off of arrears of Central Excise, Service Tax and Customs duty

Circular No. 1059/8/2017 -CX F. No. 296/202/2017-CX-9 Government of India Ministry of Finance Department of Revenue Central Board of Customs & Excise ***** New Delhi, the Sep 2017 To, All Principal Chief/ Chief Commissioners of CX &GST, Director General of Performance Management. Sub: Writing off of arrears of Central Excise, Service Tax and Customs duty… Read More

CBEC imposes anti-dumping duty on imports of “PNA” originating in or exported from China PR

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) NOTIFICATION No.46/2017-Customs (ADD) New Delhi, the 4th October, 2017 G.S.R. 1219(E) -Whereas, the Designated Authority, vide notification No.15/09/2016-DGAD, dated the 1 st September, 2016, published in the Gazette of India, Extraordinary,… Read More

CBEC issues tariff notification dt. 29.09.2017 for Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 29th September, 2017 No. 93/2017-CUSTOMS (N.T.) S.O. 3205(E).— 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… Read More

CBEC amends NOT. No. 11/2017-CE so as to reduce the excise duty rates on Petrol and Diesel

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd October, 2017 No. 22/2017-Central Excise G.S.R. 1217(E).—In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government on being satisfied that it is necessary in the public interest so to do,… Read More

CBEC extends the time limit for Review of the orders by the Review Committees

F. No. 390/Review/49/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Judicial & Review Cell) New Delhi, Dated 29.09.2017 To, All the Chief Commissioners of Central Excise and Service Tax, All the Chief Commissioners of Customs Webmaster (webmastercbec@icegate.gov.in) Madam/Sir, Subject: Extension of time for Review by Review Committees… Read More