Export of material/equipment under bond, without payment of Central Excise duty, for Kholongchhu Hydro-Electric Project (KHEP) in Bhutan allowed

Seeks to amend Notification No. 45/2001 – CE (NT) dated 26th June, 2001, as amended, to allow export of material/equipment under bond, without payment of Central Excise duty, for Kholongchhu Hydro-Electric Project (KHEP) in Bhutan   Government of India Ministry of Finance (Department of Revenue) Notification No. 3/2016-Central Excise (N.T.) New Delhi the 3rd February, 2016 G.S.R. (E).- In exercise of the powers conferred by sub-rules (1) and (3) of rule 19 of the Central Excise Rules, 2002, the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 45/2001-Central Excise (N.T.), dated the 26th June, 2001 published in the Gazette of India, Extraordinary vide number G.S.R. 474(E), dated the 26th June, 2001,namely:- In the

Read More Export of material/equipment under bond, without payment of Central Excise duty, for Kholongchhu Hydro-Electric Project (KHEP) in Bhutan allowed

Reg. Refund of service tax on services used beyond factory for export of goods

Seeks to amend notification No. 41/2012- ST, dated the 29th June, 2012 so as to allow refund of service tax on services used beyond the factory or any other place or premises of production or manufacture of the said goods for the export of the said goods and to increase the refund amount commensurate to the increased service tax rate.   [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. 01/2016-Service Tax New Delhi, the 3rd February, 2016 G.S.R.….(E).– In exercise of the powers conferred by section 93A of the Finance Act, 1994 (32 of 1994), the Central Government, hereby makes following amendments in the notification of the Government of India in the Ministry of Finance (Department of

Read More Reg. Refund of service tax on services used beyond factory for export of goods

Refund of Swachh Bharat Cess paid on specified services used in a SEZ

[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. 02/2016-Service Tax New Delhi, the 3rd February, 2016 G.S.R.….(E).– In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), read with sub-section (5) of section 119 of the Finance Act, 2015 (20 of 2015), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes following further amendments in the  notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2013 – Service Tax, dated the 1st July, 2013 , published in the Gazette of India, Extraordinary, vide number G.S.R. 448(E), dated the 1st July, 2013, namely:- In the said

Read More Refund of Swachh Bharat Cess paid on specified services used in a SEZ

Rebate of Swachh Bharat Cess paid on all services, used in providing services exported

Seeks to amend notification No. 39/2012- ST, dated the 20th June, 2012 so as to provide for rebate of Swachh Bharat Cess paid on all services, used in providing services exported in terms of rule 6A of the Service Tax Rules.   [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. 03/2016-Service Tax New Delhi, the Dated- 3rd February, 2016 G.S.R.….(E).– In exercise of the powers conferred by rule 6A of the Service Tax Rules, 1994, the Central Government, hereby makes following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 39/2012 – Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, vide number G.S.R. 481(E), dated

Read More Rebate of Swachh Bharat Cess paid on all services, used in providing services exported

Swachh Bharat Cess not to be paid out of Cenvat Credit & credit of service tax paid on sale of dutiable goods on commission basis

Seeks to amend CENVAT Credit Rules, 2004, so as to i. specify that the Cenvat credit of any duty specified in sub-rule (1) shall not be utilized for payment of the Swachh Bharat Cess. ii. allow credit of service tax paid on sale of dutiable goods on commission basis. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 02/2016-Central Excise (N.T.) New Delhi, the 3rd February, 2016 G.S.R.—(E).– In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely : – 1. (1) These rules may be called theCENVAT Credit (Second Amendment) Rules,

Read More Swachh Bharat Cess not to be paid out of Cenvat Credit & credit of service tax paid on sale of dutiable goods on commission basis

Services by way of hiring of vehicles to be used by employees for their movement within refinery premises or for outward travelling in connection with business, eligible for input service credit

Principal Commissioner Vs. Essar Oil Ltd. [2016 65 taxmann.com 5 (Gujarat)]   Facts: Essar Oil Ltd. (the Respondent) has availed Cenvat credit of Service tax paid on various services, such as ‘Rent-a-Cab’, ‘Tour Operators’, and ‘Travel Agent’ hired by them (the Impugned input services) which were used by their employees for their movement within the refinery premises or for outward travelling in connection with business. However, the Department denied the Cenvat credit on the ground that the impugned input services cannot be described as having been used in or in relation to manufacturing and clearances of final products.   Held: The Hon’ble High Court of Gujarat has held that cost of the impugned input services was borne by the Respondent which also formed a part of the value of the

Read More Services by way of hiring of vehicles to be used by employees for their movement within refinery premises or for outward travelling in connection with business, eligible for input service credit

Refund of Excise duty on purchase of cars by physically handicapped persons- reg.

Circular No. 1015/3/2016-CX F.No.268/8/2015-CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, Dated: 3rd February, 2016 To Principal Chief Commissioner/Chief Commissioner of Central Excise, Customs and Service Tax (All) Principal Commissioner of Central Excise, Customs and Service Tax (holding charge of Chief Commissioner) (All) Web Master, CBEC Madam/Sir Subject: – Refund of Excise duty on purchase of cars by physically handicapped persons- reg. Attention is invited to SI. No 280 of Notification No. 12/2012-CE dated 17.03.2012 vide which concessional rate of duty has been provided for purchase of Cars by physically handicapped persons. References have been received in the Board from intended beneficiaries that there have been instances where refund applications filed beyond one year from purchase of vehicle, have been rejected as they

Read More Refund of Excise duty on purchase of cars by physically handicapped persons- reg.

New Procedure for Adjustment of demand against Income Tax Refund

No. 312/109/2015-OT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Room No. 281, Hotel Samrat Kautilya Marg, Chanakya Puri New Delhi – 110021 Telefax : 011-24101573 Mail – Salil.mishra@nic.in New Delhi, 29th January 2016 OFFICE MEMORANDUM Sub : Issue of refunds – procedure to be followed in other cases where notice under Section 245 has been issued for ITRs processed in F.Y. 15-16-regarding I am directed to refer to the Board O.M. of even number dated 14th January 2016 regarding issue of refunds upto ₹ 5000/-, and refunds in cases where outstanding arrears are upt ₹ 5000/-, without any adjustment of outstanding arrears. In this regard, I am further directed to convey the decision of the Board that following procedure is to be adopted in other cases, which are

Read More New Procedure for Adjustment of demand against Income Tax Refund

Extending Indian Customs Single Window to other locations and other Participating Government Agencies – reg.

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS NEW DELHI CIRCULAR NO. 03/2016-Customs Dated: February 03, 2016 To All Chief Commissioners of Customs / Customs (Preventive), All Chief Commissioners of Customs and Central Excise, All Commissioners of Customs / Customs (Preventive), All Commissioners of Customs and Central Excise.   Subject: Extending the Indian Customs Single Window to other locations and other Participating Government Agencies – reg. The Central Board of Excise and Customs has taken-up the task of implementing ‘Indian Customs Single Window Project’ to facilitate trade. This project envisages that the importers and exporters would electronically lodge their Customs clearance documents at a single point only with the Customs. The required permission, if any, from other regulatory agencies (such as Animal Quarantine, Plant

Read More Extending Indian Customs Single Window to other locations and other Participating Government Agencies – reg.

Repurchase of Government Stocks

Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated February 02, 2016 NOTIFICATION Repurchase of Government Stocks No 4(5)-W&M/2015: The Government of India hereby notifies repurchase of (i) 7.59 per cent Government Stock 2016, (ii) 10.71 per cent Government Stock 2016, and (iii) 7.02 per cent Government Stock 2016 (herein after called the Government Stocks) for its cash management operations. The repurchase by the Government of India will be undertaken to prematurely redeem the Government stocks by utilising the current surplus cash balances.   Mode of Repurchase 2. The repurchase of the Government Stocks will be undertaken through reverse auction by the Government of India in one or more tranches. The actual procedure to be followed in this regard and the date of repurchase/settlement will

Read More Repurchase of Government Stocks