Budget to be presented on 16th March FM issues Advisory to CESTAT to ensure that orders are issued by Benches on conclusion of arguments and in complicated matters orders should be issued within 30 days Madras High Court stays levy of service tax on lawyers economic growth slows to 6.9 per cent Sunil Kumar appointed as Chief Secretary of Chattisgarh Amarchand Mangaldas to open offices in Chennai Ahmedabad & Pune US closes its embassy in Syria Sudha Sharma appointed as Member of CBDT Rupee hits a high of 48.73 against Dollar Laxman Das is Officiating Chairman of CBDT Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10 Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3 Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of 2010 clearly brings within the fold of taxable service a construction service provided by the builder to a buyer where there is an intended sale between the parties whether before, during or after construction Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff Anti dumping duty imposed on import of Morpholine from China European Union & USA Anti dumping duty imposed on import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from Refund of Anti-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5 Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6 Safeguard duty at the rate of 10% ad valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1 Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3 Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007 originating in, or exported from, China-CustomsTariff Notification No. 2 Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from, China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3 Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4 Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5 Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7 Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income and not Capital Gains HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings Anti-dumping duty on ‘Caustic Soda’, originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1 Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1 Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127 deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128 deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123 deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125 Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52 Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113 Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111 CBEC specifies documents required for Registration of ServiceTax Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106 Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24
All Indian Taxes (AIT) Tax News
» Issuance of notifications after enactment of the Finance Act, 2010 » Service Tax provisions under Finance Act come into effect w.e.f. 1st July 2010 » Speech of Finance Minister during Annual Conference of CCsIT/DGsIT » Revised Discussion Paper on Direct Tax Code » Service Tax on laying of cables and similar activities » Government amends First Schedule to the Central Excise Tariff Act, 1985» Transfer Order of Assistant/Deputy Commissioners of Customs & Excise» 98 Commissioners of Customs & Excise transferred» Clearance to SEZ Developer issue goes to Larger Bench» Job Worker is not liable to Service Tax under BAS» Finance Bill 2010» Budget changes in Customs & Excise » Budget Changes in Service Tax » New Income Tax Slabs » Budget Speech of Finance Minister» Budget Notifications 2010-2011» FM’s announces Relief Package consisting fresh Tax Sops » FM’s Opening Speech at Consideration Stage of Finance Bill, 2010 » FM unveils Direct and Indirect Tax Budget Changes» Transfer Orders of Additional/Joint Commissioners of Customs & Central Excise» Adjustment of “Advance Tax in respect of Fringe Benefits”» CBDT extends the time limit for filing ITR-V form» Those paying 10 lakh to pay excise Online & file return electronically » Haryana hikes VAT rate to 5 per cent on goods specified in Schedule C » Revenue's comments on 1st Discussion Paper on GST » India lowers Customs duties under Trade Agreements» CESTAT stays demands on clearances to SEZ Developers» Delhi Government hikes VAT rate from 4 to 5 per cent effective 13th January 2010» Refund of service tax paid on foreign agent commission by exporters» No export duty on movement of goods from DTA to SEZ» High Profile Gautam Banerjee is Chairman of PwC India» CENVAT Credit Rules, 2004 (vide Notification No.6/2010 dt. 27.2.2010)» Allocation of work amongst Members in CBEC» Recent Seizures effected by Central Bureau of Narcotics» Procedure for E-filing of Central Excise & Service Tax Returns» Rebate under Rule 18 on clearances made to SEZs» Central Sales Tax (Registration and Turnover) Amendment Rules, 2010» Service of notice within time pre-requisite for block assessment » New incentives announced for Exporters» CBEC liberalises Refund of service tax to Exporters» Presidential Awards to Customs & Excise Officers announced» Recovery creates scope for a gradual roll back: Economic Survey» Transfer and Postings of Commissioners of Customs & Excise» Stimulus Package Major Cause for Lower Indirect Receipts» Irregular availment of credit on activities not amounting to manufacture» Service tax valuation issues pertaining to Customs House Agents Service» No tax liability on amalgamation of Foreign Co with Indian Co» Report of the Thirteenth Finance Commission(2010-2015)» Policy for Import of Toys notified» Dinesh Kanabar to be Deputy CEO of KPMG» Non-litigation Practice by Foreign Law Firms is illegal» Twisting & texturising of POY amounts to 'manufacture' Section 80IA» Customs on import from Malaysia, Singapore & Thailand lowered» Customs duty on import from neighbours under SAFTA lowered» Customs duty on import under SAFTA lowered to 8 per cent» Transfers and postings of Chief Commissioners of Customs & Central Excise» Anti-dumping duty on import of Flax Fabric from China & Hong Kong» Clarification regarding labeling and repacking etc. amounting to manufacture» Anti-dumping duty on import of Sodium Nitrite from China» Import of HR Steel freely allowed without licence» Customs duty on import from Singapore lowered» Anti-dumping duty on import of Cathode Ray CTV Picture Tubes » Conversion of marble blocks by sawing slabs/tiles/polishing is manufacture» Antidumping duty imposed on import of Sodium Hydrosulphite, from China» Anti-dumping duty on import of Phosphoric Acid from Korea RP» CBEC Circular for units availing area based exemption» Rules for value of perquisites for computing income» Export duty on iron ore fines levied at the rate of 5 per cent ad valorem» Export duty on export of iron ores and concentrates hiked to 10 per cent» Determination of Origin under Trade Agreement between ASEAN & India Rules 2009» Determination of Origin under Trade Agreement between India & Korea Rules, 2009» Customs on import from Korea lowered-Noti 151» Customs on import from Korea lowered-Noti 152» Circular on rate of deduction of income-tax under "Salaries"
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