custom duty calculation


40 Officers of the Customs & Central Excise selected for Grant of Presidential Award

40 Officers of the Customs Central Excise selected for Grant of Presidential Award of Appreciation Certificate for Specially distinguished Record of Service 1 Every year the Officers of the Board of Customs Central Excise Department of Revenue are considered for grant of Presidential Award of Apprec

No charges on use of cards at petrol stations

No additional levy on use of cards at petrol stations says Petroleum Minister MoS I C for Petroleum and Natural Gas Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will bear additional charges on digital transactions at petrol stations He said that the Government had issue

CBEC initiates process of migration of existing Central excise and Service tax assessee

To ensure implementation of GST by 1st April 2017 Central Board of Excise Customs CBEC has initiated the process of migration of its existing Central Excise Service Tax assessees to GST from today A 24x7 Helpdesk Through Toll Free number and Email started for the purpose Central Board of Excise Cust

Finance ministry directs all banks to maintain record of old and new currency deposit

The Ministry of Finance through a letter to all the MDs CEOs CMDs of PSBs and Chairman IBA directs that all the bank branches in the country be alerted to reflect correctly the cash deposit in old and new currency and inform the customers about the same Action taken in this regard be reported by 16

Direct tax collection grows to 4.12 lakh crore till Nov

Direct Tax Collections up to November 2016 show net collections at Rs 4 12 lakh crore which is 15 12 more than the net collections for the corresponding period last year Indirect tax collections Central Excise Service Tax and Customs up to November 2016 show that net revenue collections are at Rs 5

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Experts Opinions

VAT on freight charges paid on behalf of customer

Need to change VAT on which we have paid freight charges of sale of goods and raised debit of the same to the customer pls advice

Customs duty

Am an importer and importing goods for direct sale so i have to pay BCD and CVD 4 if GST will come how much i have to pay instead of 4 CVD

Mpbf calculation

Hi Can anyone guide me on MPBF calculation in case of work contractor Thanks in advance

Calculation of perquisite rule 3(7)(i)

Dear Experts We had granted the interest free loan of 1 Lakh to one of our employee to meet the cost of disease specified under rule 3A however as per this rule the loan was exempt but employee has also received the medical insurence of Rs 60000 as on 16 1 2017 pls clarify weather this will be taxab

Articleship leaves calculation

Please clarify me that in the sentence of leaves allowed by icai is 1 6th on the actual period served the clause actual period served include only the days physically present in the office or it also include the days saturdays sundays leaves for writing ICAI exams attending ICAI seminars GMCS Advanc


Excise duty on stainless steel pessure cooker

Hello sir I want to know how much excise duty on stainless steel pressure cooker and aluminum pressure cooker Kindly revert

Going the extra mile: above and beyond the call of duty!

Going the Extra Mile Above and Beyond the Call of Duty If you always put limits on everything you do physical or anything else it will spread into your work and into your life There are no limits There are only plateaus and you must not stay there you must go beyond them Bruce Lee The one thing I ha

Esic calculation

ESIC deduction for employees is 1 75 of wages Does wages include overtime wages as well what if gross wages with overtime crosses 21000

Excise duty pass on as dealer

I am a trader and registered with excise under dealer I purchased goods from manufacturer in Excise of 6 and further sale to manufacturer How it will be pass on and under which section Also kindly explain the following case I purchased goods from A in basic price Rs 100 Excise 6 Rs 6 Vat 5 Rs 5 Tota

Stamp duty on llp agreement rajsathan

any one tell me how much stamp duty have to paid on llp agreement in rajasthan

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  • Articleship leaves Calculation sheet

    This is the Articles leave calculation sheet
  • Procedure for claiming Duty Scrips under Chapter 3 of FTP

    Procedure for claiming Duty Scrips under Chapter 3 of FTP 2009 14 for shipments where LEO date is uptO 31 03 2015 but date of export is on or after 01 04 2015
  • 10 years Excise Rates

    Excise Rates for last 10 years rate of tax in Excise duty
  • Duty Draw back Scheme

    Duty Draw back Scheme
  • Online Information & Database Access or Retrieval Services

    Government has issued series of service tax notifications which have radically changed service tax implications on online information and database access or retrieval services OIDAR service Notification No 46 2016 ST Notification No 47 2016 ST Notification No 48 2016 ST Notification No 49 2016 ST and Circular No 202 12 2016 ST dated 9th Nov 2016 Applicable from 1st Dec 2016 I have attempted to provide an In depth analysis of these notifications Circulars to assist you in Impact analysis of the same At the outset I have following observations after going through the updated legal provisions Earlier Place of Provision was Location of Service Provider means if X Hong Kong provides its these services to Indian customer these services was not taxable in India as Location of Service Provider was Non Taxable Territory i e Hongkong Service Tax law applies on taxable territory But now w e f 1st December 2016 Place of provision of such service has been amended and provided as Location of Service Receiver means now it would be taxable in India Since it would be taxable in India This service has been provided under reverse charge i e service receiver has to pay full service tax on the same so where is the role of Y Indian representative of X if X Hongkong provides these services to an Indian customer If the Indian customer is a company or any other person other than Non Assessee Online Recipient e Government Local Authority Government authority or an Individual not registered with service tax department then that company or other person has to pay service tax on the same But if that Indian customer is Non Assessee Online Recipient i e Government Local Authority Government authority or an Individual not registered with service tax department then X HK is liable to pay service tax in India through its representative in India i e Y India This was one illustration further if X India provide any Online information and database access or retrieval services OIDAR service w e f 1st December 2016 outside India it would be tax free as now POPOS is Location of Service Receiver

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Investment subsidy by State Govt. - Whether excise duty is payable

State governments offer incentives for setting up industries in the Backward regions and generating employment The eligible amount of subsidy is determined and capped as per capital invested and employment generated by aunit The subsidy to be granted is determined also on the basis of VAT CST deposi

No Excise Duty w.e.f. 16.09.2016 - Aye or Nope

Validating Constitutional backing of Central Excise and Service Tax Prelude Model GST law is in public domain since June 2016 President has given his assent to 101st Constitution Amendment Act 2016 giving Central and State Govts power to levy GST on 08th September 2016 However till then there was no

Central excise duty levy - A suspense or suspended

Prelude It is within everyones knowledge that the Constitutional amendments w r t GST was mired in political controversies for many years and finally the Constitutional Amendment Bill paving way for enactment of GST was passed on 3 8 2016 After ratification by more than 50 of the States the Presiden

Has the central govt lost its power to levy excise duty?

With the release of Notification No SO2986 E dated 16 September 2016 Notification the Central Government has notified the enactment of the Constitution One Hundred and First Amendment Act 2016 Act with effect from 16 September 2016 Accordingly Article 246A of the Constitution has become operational

Calculation of Limits u/s 186 of the Companies Act, 2013

Subject Brief Note on Limits specified u s 186 of the Companies Act 2013 S 186 of the Companies Act 2013 is applicable to all the Companies Earlier corresponding S 372A of the Companies Act 1956 was applicable only to Public Limited Companies We hereby give gist of the section in brief Limits adsbyg

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