Taxation - Corporate Law Reporter

CBEC amends NOT. No. 82/2017-Cus (N.T.) dt 24.08.2017 and NOT. No 85/2017-Cus (N.T.) dt 07.09.2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 14th September, 2017 No. 86/2017-Customs (N.T.) G.S.R. 1154(E).—In exercise of the powers conferred by sub-section (1) of section 4 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby directs that each of… Read More

Govt. Imposes Anti Dumping duty on imports of “Ammonium Nitrate”originating in exports from Russia, Indonesia, Georgia and Iran

[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.44 /2017-Customs (ADD) New Delhi, the 12th September, 2017 G.S.R…. (E). - Whereas, in the matter of import of ‘Ammonium Nitrate’ (hereinafter referred to as the subject goods) falling under… Read More

CBEC exempts goods imported for organising FIFA under 17, world cup, 2017

[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.75/2017-Customs New Delhi, the 13th September, 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),… Read More

Avail tax deductions under Section 80C to Section 80G

The Income Tax department of India offers tax deductions which help everyone to save tax legally by appropriately making use of the service. It is pretty essential that you invest in more than one avenue as you want to avail better returns with less tax burden. There are various ways in which tax deductions can… Read More

Refund of amount on account of double-payment of Customs

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-III) MUMBAI ZONE-II, JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TALUKA: URAN, DISTRICT: RAIGAD, MAHARASHTRA-400707. F. No. S/22-Gen-150/2015-16 AM (I) Dated 08.09.2017 PUBLIC NOTICE NO. 117/2017 Sub: Refund of amount on account of double-payment of Customs DutyReg. Attention of the Importers, Exporters and all other stakeholders is invited to the… Read More

Procedure to be followed for Import under DEEC/EPCG Scheme-

OFFICE OF THE COMMISSIONER OF CUSTOMS (NS-IV) MUMBAI ZONE – II, JAWAHARLAL NEHRU CUSTOM HOUSE, SHEVA, Tal-URAN, DISTRICT-RAIGAD, MAHARASHTRA –400 707. F. No. S/16-DEEC-GEN-246/VIID Date: 11.09.2017 PUBLIC NOTICE NO. 118/2017 Sub:- Procedure to be followed for Import under DEEC/EPCG Scheme- reg. It has been observed that significant time is being taken in assessment of bills… Read More

CBEC invites suggestions on Draft ‘Expenditure Budget Manual, 2017 by 15.09.2017

Government of India Directorate General of Human Resource Development Customs & Central Excise Plot No.C-4 (West Wing) Ground Floor, IRCON Building District Centre, Saket, New Delhi-1210017 D.O.F. No. 8/B/10(136) HRD (EMC)/2017 6Th September, 2017 Dear Sub: Draft ‘Expenditure Budget Manual, 2017’-reg This is to inform you that the draft of first Edition of… Read More

Direct Tax Collections up-to August, 2017 in 2017-18 show Growth of 17.5%

Direct Tax Collections up-to August, 2017 in the current Financial Year 2017-18 show Growth of 17.5% The Direct Tax collections up to August, 2017 in the current Financial Year 2017-18 continue to register a steady growth. Direct Tax collections, net of refunds, stands at Rs. 2.24 lakh crore which is 17.5% higher than the net collections for… Read More

CBEC notifies Exchange Rate of Foreign Currency w.e.f. 8th September,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.81/2017-CUSTOMS (N.T.), dated 17th August, 2017, except as respects things done or omitted to be done… Read More

CBDT signs four Advance Pricing Agreements in August, 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 04th September, 2017. PRESS RELEASE Indian Advance Pricing Agreement regime moves forward with signing of four APAs by CBDT in August, 2017 The Central Board of Direct Taxes (CBDT) has entered into 4 more Advance Pricing Agreements (APAs) during… Read More

Protocol amends Agreement between India and Vietnam on Avoidance of double taxation

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30th August, 2017 (INCOME-TAX) S.O. 2826(E).—Whereas the Protocol amending the Agreement, signed at Ha Noi on the 7th day of September, 1994, between the Government of the Republic of India and the Government of the Socialist Republic of Viet Nam for the avoidance of double… Read More

Central Govt. notifies Gujarat Electricity Regulatory Commission

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th August, 2017 S. O. 2829(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Gujarat Electricity Regulatory… Read More

Due date for filing ITR and Tax Audit Report extended to 31st October 2017

F. No.225/270/2017/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, ITA.II Division New Delhi , the 31st August 2017 Order under Section 119 of the Income tax Act 1061('Act') The Goods and Service Tax ('GST') has come Into effect on 01.07.2017. In recent days , dates for… Read More