Indian Tax Solution
CENVAT Credit (Fourth Amendment) Rules, 2015 -allows input credit of duty paid on molasses generated from cane crushed in the sugar season 2015-16 i.e. 1st October, 2015 onwards, for supply to the public sector oil marketing companies
Withdrawal of Order under 37B of Central Excise Act, 1944 on classification of Coconut Oil packed in small containers
Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)
Amendment in policy condition 1 of Chapter 88 of ITC (HS), 2012 - Schedule - 1 (Import Policy).
Shipping bills, where declaration of intent 'Y' has not been marked and 'N' has been ticked inadvertently in the 'reward item box' while filing shipping bill in Customs for exports made between 1.4.2015 to 31.5.2015, shall be transmitted by CBEC to DGFT.
Export of rice of seed quality has been moved from 'Free' to 'Restricted' category.
Investment by Foreign Portfolio Investors (FPI) in Government Securities
Measurement of the distance for the purpose of section 2(14)(iii)(b) of the Income-tax Act for the period prior to Assessment year 2014-15 -CBDT issues clarification
The ITC (HS) code of 1-Phenyl-2- Propanone in Schedule 2 of ITC (HS) Classification of Export and Import Items has been amended.
The cost of production of an abandoned feature film, is to be treated as revenue expenditure and allowed as per the provisions of Section 37 of the Income-tax Act.
Customs duty hiked on ghee, butter and butter oil from the present rate of 30% to 40% for a period of 6 months i.e upto and inclusive of the 31st day of March, 2016.
Service tax levy on services provided by a Goods Transport Agency -CBEC issues guidelines
Jurisdiction of the Settlement Commission (Customs, Central Excise & Service Tax) in respect of the cases of Gold Smuggling-regarding
Rate of exchange of conversion of the foreign currency with effect from 2nd Oct, 2015
The export promotion responsibility for Sesame seed and Niger seed is being shifted from Shellac and Forest Products Export Promotion Council (SHEFEXIL) to Indian Oilseeds and Produce Export Promotion Council (IOPEPC).
New scope for utilisation of credit of Education and SHE Cess for payment of basic excise duty
New scope for utilisation of credit of Education and SHE Cess for payment of basic excise dutyRule 3(7)(b) of the CCR, 2004 has been amended vide Notification No.12/2015-Central Excise (N.T.), dated 30.04.2015 so as ...