I am repeating here under few provisions of Finance Act, 1994 and other statutes as under :-

Sec. 65 of the Finance Act, 1994 (Relevant to Servicetax) reads as under :-

65. In this chapter, unless the context otherwise requires,-

(12) ”banking and other financial services” means –

(a) the following services provided by a banking company or a financial institution including a non-banking financial company or any other body corporate or (Up to 31.05.2007) any other person , namely :-
(i) financial leasing services ………………………and so on …………

(14) “ body corporate” has the meaning assigned to it in clause (7) of Section 2 of the Companies Act, 1956.

(12)(105) “taxable service” means any service provided or to be provided –

(zm) to a customer / to any person (now) by a banking company or a financial institution including a non-banking financial company or any other body corporate or (up to 30.04.2006) commercial concern / (Up to 31.05.2007) any other person / (after 31.05.2007) commercial concern, in relation to banking and other financial services.

Sec 2(7) of the Companies Act- “body corporate” includes a company incorporated outside India but does not include –
(a) corporate sole;
(b) a co-operative society registered under any law relating to co-operative societies and
(c) any other body corporate (not being a banking company………..)

Query - On the basis of above definitions, (1) Whether a co-operative bank (co-operative society) is out of definition of body corporate and the co-operative society is exempted from service tax being a body corporate so far as banking services are concerned by exclusion through definition or
(2) Is it covered by terms ‘any other person’ or ‘commercial concern’ and liable for service tax..

Dear Experts,

Can I have format/form no. of warehousing bond for removal of goods from port to bonded warehouse.

Regards,

SL Naik
naikshyam@gmail.com

sir
we are import some raw material
when this material arrive at port on those day its not possibal to clear custom on the spot dut to financial problem,
now we are thinkig that if we are clear this material under bond from custom and storage in private warehouse which is situated in our factory primise. when we required this material we are clear custome duty and got it to use our manufacturig process.
sir pl inform me that is it possible ?
if yes than how ?
pl can u give me a complete process of private warehouse and how to custome clearance ?
Regards
joshi

SIR,

AN EXPORTER GAINED THE VKGUY LICENCE FOR DUTY CREDIT RS. 4413902.00
BENEFIT RATE AS PER APPENDIX -37 D IS 7% ON EXPORTED PRODUCTS (94036000) WHAT IS THE FOB VALUE?

Dear Experts

Can anyone explain the concept of SVB.

I know in draw back a Assessee get the rebate of duty what he paid as per the draw back rate. Can we Export without declaration of Excise drawback to the D.C. or A.C. of Central Excise.? Or in custom draw back declaration is it necessary to reverse the Excise duty which we have paid at the time of Import or Purchase.? Suppose a manufacturer/Exporter Export a material in custom draw back but by mistake he reverse the cenvat credit. What will be the step to take on it?.

For filing application for duty drawback claim time limit is 3 months and further 3mths may be condoned by AC. whether any fees has to be paid the CE office for the condonation. pl clarify me

Thank U

Dear Sir,

I would like to ask, if a paper importer, can import waste paper, and then stock, and sale it to paper mills.

Is there any duty benefits,if paper mills imports it directly in their own name.

Please also advise, the licenses required to import waste paper ,by a merchant importer.

Dear Sirs

Please advise :

Which Authority is empowered to categorise as to whether free shipping Bills are
100% EOU Shipping Bills or NOT ??

Thanks

Anand

dear experts,

what is the role of state government in sez?

Rahul