Tag Archives: Customs & Excise

Highlights of Applicability of Excise on gems and jewelry industry

Highlights of Applicability of Excise on gems and jewelry industry This write up is to replace you on the latest trends on applicability of Excise on gems and jewelry enterprise. On the idea of round No. 1040 /28 /2016-CX to No. 1045 /33 /2016-CX ; and Notification No.’s 26/2016-primary Excise to 29/2016-valuable Excise; No.’s 33/2016-important […]

788 businesses underneath DRI Scanner for export proceeds pending for realisation

788 businesses underneath DRI Scanner for export proceeds pending for realisation Directs Enforcement Directorate to take important motion underneath FEMA with appreciate to 216 agencies with recognize to the duration earlier than 1st March, 2016 and 572 organizations for the duration after 1st March, 2016 for which each such business enterprise had export proceeds pending […]

Taxability of various softwares in service tax

Taxability of various softwares in service tax Service Tax issues in IT and ITES Sector needs for preventive Indirect Tax Audits Software always the soft target of multiplicity of indirect taxes like Excise duty, VAT, Service tax and Customs. All major indirect taxes apply to this industry and this has created more confusion, more litigation […]

Exemption of goods manufactured at construction site

Exemption of goods manufactured at construction site Circular No. 1036/24/2016-CX,F. No. 68/1/2016-CX.I,Government of India,Ministry of Finance,Department of Revenue,Central Board of Excise and Customs,New Delhi. dated the 6th July. 2016 Sub:- Scope of word ‘site’ appearing in Notification No. 12/2012-Central Excise, dated 17.03.2012-reg

Import of milk and milk products from China – Prohibited

Import of milk and milk products from China – Prohibited S.O. (E): In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, as amended from time to time, the Central Government hereby, makes the following amendment in ITC (HS) 2012, […]