Indian Tax Solutions
Home | Why Register? | Register | Subscription | Contact Us | Discussion Board | Pay Online
Last Updated : Monday 9th April, 2012 - 5:35pm
NEWS UPDATES

Anti-dumping duty imposed on "Acetone' originating in, or exported from Chinese Taipei and Saudi Arabia Continue reading | The facility of payment of application fee/ penalty/ any other fee through demand draft is being restored by suitably amending the Appendix 2K of Appendices and Aayaat Niryat Forms, 2015-20. Continue reading | CBEC notifies New Customs Exchange rates for all foreign currency with effect from 17th April, 2015 Continue reading | CBEC amends Drawback Rates for Items under chapter 28 and Notification relating to Exchange Rates Continue reading | Drawback of specified goods (deemed to be imported) used in exports - Amendment to Notification No. 44/91-Cus. (N.T.) Continue reading | CBEC hikes tariff value of gold but reduces same for Silver and also hikes same for RBD Palmolein Continue reading | GOVT notifies exemption to Transport Allowance of Rs 1600 for normal taxpayer and Rs 3200 for blind and handicapped Continue reading | Keeping in abeyance the provisions of para 2.55 and 2.56 of Handbook of Procedures, 2015-20. Continue reading | CBEC issues clarification on the effective date of new rate of service tax Continue reading | The number of 4% SAD refund claim at a Customs station shall be limited to one in a particular month  Continue reading |
 
 
 
CBEC CIRCULAR NO-156/7/ 2012–ST., Dated: April 9, 2012

CBEC CIRCULAR NO-156/7/ 2012–ST., Dated: April 9, 2012

Subject: Service tax paid on taxable services used for export of goods at the post-manufacture stage - electronic refund through the Indian Customs EDI System -- Notification 52/2011-ST – review -- regarding.

A Committee has been constituted with Director General of Service Tax, Smt. Sanghamitra Panda as Chairperson, to review the scheme for electronic refund of service tax paid on taxable services used for export of goods, made operational vide Notification 52/2011-ST dated 30 th December, 2011. Other members of the Committee are Commissioner of Service Tax, Mumbai-1, Shri. Sushil Solanki and Director, TRU, Shri. J. M. Kennedy.

2. The Committee has been instructed, as a part of the review, to (a) evolve a scientific approach for the fixation of rates in the schedule of rates for service tax refund; and (b) propose a revised schedule of rates for service tax refund, taking into account the revision of rate of service tax from 10% to 12% and also movement towards ‘Negative List' approach to taxation of services. The Committee may interact with/call for data from, the field formations, export promotion councils, chambers of commerce or any other business or industry association, as may be required. The Committee will submit its report to the Chairman, CBEC, before 20/06/2012. Views and suggestions may be posted at the e-mail address: feedbackonestr@gmail.com

3. This Circular may be communicated to the field formations, exporters, chambers of commerce, export promotion councils, through Public Notice/Trade Notice. Hindi version to follow.

F.No.354/66/2011-TRU

(Samar Nanda)
Under Secretary, TRU




-->
Search
Advanced Search
 
Member Login

You are not currently logged in.

Username
Password
  Forgot Password? | Sign Up
 
Subscribe Newsletter
Subscribe to our newsletter and be kept with latest Indian Tax solutions.
Name
Email