Giving the powers of Chief Commissioner to Principal Commissioner who have been given the additional charge of Custom Duty

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No. 111/2016 -Customs (N.T.) New Delhi, the 18 August, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby invests the officers specified in column (1) of the Table below, with the powers of the Customs Officer of the rank specified in column (2) of the said Table, in the jurisdiction specified in Notification No. 77/2014-Customs (N.T.), dated the 16th September, 2014 published in the Gazette of India, Extraordinary Part-II, Section 3, Sub-Section(i), vide G.S.R. 654 (E), dated

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Analysis of key changes in Excise & Custom Duty: Budget 2016

  CA Bimal Jain UNION BUDGET 2016: CHANGES IN EXCISE AND CUSTOMS: Changes in Customs and Central Excise law and rates of duty have been proposed through the Finance Bill, 2016 (Clauses 113 to 138 for Customs and Clauses 139 to 144 for Central Excise). In order to prescribe effective rates of duty and to carry out changes in the Rules made under the respective Acts, the following notifications are being issued: CUSTOMS Notification Nos. Date Tariff No.11/2016-Customs to No.23/2016-Customs  01.03.2016 Non-Tariff No.30/2016-Customs (NT) to No. 33/2016-Customs (N.T.) 01.03.2016 CENTRAL EXCISE Tariff No.5/2016-Central Excise to No.18/2016-Central Excise 01.03.2016 Non-Tariff No.5/2016-Central Excise (N.T.) to No.21/2016-Central Excise (N.T.) 01.03.2016 CLEAN ENERGY CESS   No.1 and No. 2/2016-Clean Energy Cess 01.03.2016 INFRASTRUCTURE CESS No.1/2016-Infrastructure Cess 01.03.2016 Unless otherwise stated, all changes in rates

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Budget 2016: Exhaustive analysis of Excise & Custom duty changes

  Government of India Ministry of Finance Department of Revenue Tax Research Unit **** Alok Shukla Joint Secretary (TRU-I) Tel: 23092687 Fax: 23092031 Email: alok.shukla@nic.in D.O.F.No.334/8/2016-TRU New Delhi, the 29th February, 2016. Dear Principal Chief Commissioner / Chief Commissioner / Principal Commissioner, The Finance Minister has introduced the Finance Bill, 2016 in Lok Sabha today, i.e., 29th February, 2016. Changes in Customs and Central Excise law and rates of duty have been proposed through the Finance Bill, 2016. In order to prescribe effective rates of duty and to carry out changes in the Rules made under the respective Acts, the following notifications are being issued: CUSTOMS Notification Nos. Date Tariff No.11/2016-Customs to No.23/2016-Customs 1st March, 2016 Non-Tariff No.30/2016-Customs (N.T.) to No.33/2016- Customs (N.T.) 1st March, 2016 CENTRAL EXCISE Tariff No.5/2016-Central Excise to No.18/2016- Central

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Custom Duty on Life Saving Drugs

  Press Information Bureau Government of India Ministry of Finance 26-February-2016 17:13 IST Custom Duty on Life Saving Drugs Representations have been received from domestic industry stating, inter alia that the exemption/concessional customs duties on drugs including life saving drugs deters domestic manufacture of these life saving drugs. Accordingly, in consultation with the stakeholders including Ministry of Health and Family Welfare and the Department of Pharmaceuticals, (a) Representations were received from domestic industry stating, inter alia that the exemption/concessional customs duties on drugs including life saving drugs deters domestic manufacture of these life saving drugs. Accordingly, in consultation with the stakeholders including Ministry of Health and Family Welfare and the Department of Pharmaceuticals, exemption/concessional customs duties on 76 specified drugs was withdrawn, vide notification of the Government of India, Ministry

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Writing off of arrears of Central Excise, Service Tax and Customs duty – Constitution of Committees to advise the authority for writing off of arrears

  Circular No. 1059/8/2017 -CX F. No. 296/202/2017-CX-9 Government of India Ministry of Finance Department of Revenue Central Board of Customs & Excise ***** New Delhi, the Sep 2017 To, All Principal Chief/ Chief Commissioners of CX &GST, Director General of Performance Management. Sub: Writing off of arrears of Central Excise, Service Tax and Customs duty – Constitution of Committees to advise the authority for writing off of arrears-reg. Madam/Sir, I am directed to invite reference to the instructions contained in Board’s Circular No.946/07/2011 dated 01.06.2011 issued vide F.No. 296/10/2009-CX.9, on the subject of write off of arrears of irrecoverable dues. 2. Vide the aforesaid Circular, Board had decided to constitute three – member Committees of Chief Commissioners and Commissioners, which will examine the proposals for write – off of

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Amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIRs of Duty Drawback on Gold Jewellery, Silver Jewellery and Silver Articles

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 79/ 2017 – CUSTOMS (N.T.) New Delhi, 17th August, 2017 G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3 and 4 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 131/2016 – Customs (N.T.), dated the 31st October, 2016, published vide

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CBEC notifies FORM GST REG-13, Rules reversal of credit of Additional duty of Customs on Gold dore bar and Other Changes

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 22/2017 — Central Tax New Delhi, the 17th August, 2017 G.S.R. ( )E.:- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:‑ (1) These rules may be called the Central Goods and Services Tax (Fifth Amendment) Rules, 2017. (2) Save as otherwise provided, they shall come into force on the date of their publication in the Official Gazette. 2. In the Central Goods and Services Tax Rules, 2017, (i) in rule 3, in sub-rule

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Customs(Import of Goods at concessional Rate of Duty) Rules, 2017

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 68 /2017 – Customs (N. T.) New Delhi, the 30th June, 2017 G.S.R. (E). -In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962),and in supersession of the Customs(Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules,2016 except as things done or omitted to be done before such supersession, the Central Government hereby makes the following, namely: – 1. Short title and commencement. – (1) These rules may be called the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017. (2) They shall come into force on the 1 st day

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Basic Customs Duty reduced from 10/7.5 % to 5% on all items of machinery  generating power

  Seeks to reduce Basic Customs Duty from 10/7.5 % to 5% on all items of machinery required for (a) initial setting up of fuel cell based system for generation of power or for demonstration purposes and (b) for balance of systems operating on biogas or bio-methane or by-product hydrogen. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRA ORDINARY, PART II, SECTION 3, SUB SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 5 / 2017 – Customs New Delhi, the 2nd February, 2017 G.S.R. (E).-In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all items

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Regarding in amendment in Notification no. 131/2016-Customs (N.T.) dated 31.10.2016 relating to AIR of duty drawback

  [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/ 2017 – CUSTOMS (N.T.) New Delhi, the 12th January, 2017 G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section 93A and sub-section (2) of section 94 of the Finance Act, 1994 (32 of 1994), read with rules 3 and 4 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of

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