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Government to bring greater ease of living through technology
LED bulb mission method to be used to promote solar stoves and battery chargers Government to launch a massive programme of railway station modernization to make railway travel pleasant.Government aim...
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GST Return and Registration processes further simplified
GST processes further simplified; businesses with less than Rs. 5 crore annual turnover to file quarterly GST returns; threshold for goods supplier to be enhanced from Rs. 20 lakhs to Rs. 40 lakhs Sab...
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Former Superintendent of Excise & Customs Sentenced In A DA Case
Former Superintendent of Central Excise & Customs Sentenced In A DA CaseThe Designated Court, CBI Cases, Ernakulam (Kerala) has convicted Shri T. Gopalakrishnan, former Superintendent of Central Excis...
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CBIC reduces export duty on EI tanned leather & Hides, skins & leathers, tanned & untanned
Seeks to further amend notification No 27/2011- Customs dated 1st March 2011 to reduce the export duty on EI tanned leather and Hides, skins and leathers, tanned and untanned, all sorts vide Notificat...
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CBIC changes classification of other dyed fabrics of nylon
Seeks to further amend notification No 14/2006- Customs dated 1st March 2006 in order to change the classification of other dyed fabrics of nylon from 5407 42 00 to 5407 42 vide Notification No. 26/20...
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CBIC prescribes effective rate of BCD on various goods
Seeks to further amend notification No 50/2017- Customs dated 30th June, 2017 so as to prescribe effective rate of Basic Customs Duty (BCD) vide Notification No. 25/2019-Customs Dated: 6th July, 2019....
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CBIC excludes specified electronic items from scope of entry at S.No. 6A of notification No. 57/2017- Customs
Seeks to further amend notification No 57/2017- Customs dated 30th June, 2017 to explicitly exclude the specified electronic items from scope of entry at S.No. 6A of the notification and to provide th...
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BCD exemption on specified parts of line telephone handset
Seeks to further amend notification No 25/2005-Customs dated 1st March, 2005 to explicitly provide BCD exemption on the specified parts of line telephone handset vide Notification No. 23/2019-Customs...
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CBIC exempt specified capital goods use for manufacture of specified electronic items
Seeks to further amend notification No 25/2002-Customs dated 1st March, 2002 to exempt specified capital goods use for manufacture of specified electronic items vide Notification No. 22/2019-Customs D...
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CBIC update classification of goods in notification No. 25/98-Customs
Seeks to further amend notification No 25/98-Customs dated 2nd June 1998 to update the classification of the goods in the notification vide Notification No. 21/2019-Customs Dated: 6th July, 2019.GOVER...
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CBIC increases effective rate of Basic Customs Duty on petroleum crude
Seeks to further amend notification No. 52/2017- Customs dated 30th June 2017 so as to increase the effective rate of Basic Customs Duty on petroleum crude vide Notification No. 20/2019-Customs Dated:...
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Customs Duty exemption on specified defense equipment & parts
Seeks to exempt specified defense equipment and their parts from Basic Customs Duty for a period of 5 years vide Notification No. 19/2019-Customs Dated: 6th July, 2019.GOVERNMENT OF INDIAMINISTRY OF F...
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Customs: CBIC increases effective rate of Road and Infrastructure cess
Seeks to increase the effective rate of Road and Infrastructure cess, as additional duty of customs, on petrol and diesel vide Notification No. 18/2019-Customs dated: 6th July, 2019GOVERNMENT OF INDIA...
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CBIC to exempt crude petroleum oil produced in specified oil fields
Seeks to exempt crude petroleum oil produced in specified oil fields under production sharing contracts or in the exploration blocks offered under the New Exploration Licensing Policy (NELP) through i...
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CBIC increases effective Special Additional Excise Duty on Petrol & Diesel
Seeks to increase the effective rate of Special Additional Excise Duty on Petrol and Diesel vide Notification No. 05/2019-Central Excise Dated 6th July, 2019.GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEP...
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CBIC increases effective rate of Road and Infrastructure Cess
Seeks to increase the effective rate of Road and Infrastructure Cess as additional duty of excise on Petrol and Diesel vide Notification No. 04/2019-Central Excise Dated 6th July, 2019.GOVERNMENT OF I...
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Basic excise duty on specified goods in chapter 24 increased
Seeks to increase the basic excise duty on specified goods in chapter 24 under section 5A of the Central Excise Act 1944 vide Notification No. 03/2019-Central Excise Dated 6th July, 2019.GOVERNMENT OF...
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CBIC amends notification No. 11/2017-CE to omit a chapter 24 entry
CBIC further amends notification No. 11/2017-Central Excise dated 30th June 2017 so as to omit an entry with respect to chapter 24 vide Notification No. 02/2019-Central Excise Dated 6th July, 2019.GOV...
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Budget Speech Summary – Part A
Indian economy becoming a 3 trillion dollar economy this year with World’s 3rd largest economy in terms of Purchasing Power Parity, government’s intention to invest Rs. 100 lakh crore in infrastructur...
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Over 90 Percent IGST Refund Claims Disposed by CBIC
The Union Minster of Finance and Corporate Affairs, Nirmala Sitharaman said that during the second refund fortnight, Rs. 6,087 crore IGST refunds and Rs. 1, 548 crore ITC refunds were sanctioned by CB...