Export Procedure (August 2017)
GST implementation has brought multi fold changes in the Indirect Tax regime. GST has also impacted the considerable changes in the custom duties as well as procedures therein. Though the Government has released the GST law / rules / procedure in advance but the Government did not release the associated changes in the custom law …
GST Article – May 2017
Please click here to see the article : GST Article on Implementation & Transitional Issues (Feb 2017)
Revised draft GST Law was put on the public domain on 25th November 2016 and thereafter, whatever suggestions have been received by GST Council were reviewed during GST Council Meetings held during the month December 2016 and finally all the sections of CGST Law & SGST Law have been approved. Similarly, all provisions of IGST …
Goods & Service Tax (GST) Revised Draft GST Law & Impact thereof (January 2017) Read More »
Hon. Prime Minister of India is constantly reviewing the progress on his plan of implementation of “Ease of Doing Business”, which is the media for successful implementation of “Make-in-India” movement launched by him. Chairman, CBEC and his team have come out the plans which is definitely emerged with out of box thinking and the measures …
CBEC needs to be congratulated and also to be appreciated for bringing radical change in the operations of the EOU/EHTP/STP/BTP Units. Hon’ble Prime Minister of India will be very happy for such initiatives taken by CBEC appreciating the difficulties faced by EOU/EHTP/STP/BTP Units and created conducive & trust based environment which will initiate lot of …
Article on Ease of Doing Business…Duty Free Warehouse
Litigation is the curse and hindrance for the growth of Indian Industry. Number of litigations are pending at various levels i.e. 1st Adjudication, 1st Appeal, 2nd Appeal, Appeals in High Court & Supreme Court. Litigations has substantially increased not only on account of multiplicity of the laws in India as well as complexity thereof, but, …
Be a Tension free of Litigations (Direct Tax & Indirect Tax) (June 2016) Read More »
In the budget for the 2016-17, the central government had announced imposition of Krishi Kalyan Cess (herein after referred as KKC) at 0.5% of value of all taxable services. This cess will be collected to finance and promote initiatives to improve agriculture in India. It is estimated that with introduction of this cess, the government …
Executive Summary The related party transactions of import of goods are subjected to review by the Special Valuation Branch (SVB) of customs owing the complexities involved therein. Most of the importer were facing issues due to the cumbersome procedure for getting the valuation process complete. Also there were considerable number of cases which were pending …
Revised Procedure for valuation of imported goods (SVB Procedure)..!! (April 2016) Read More »
Executive summary The excise duty has been made applicable on following Jewellery articles manufactured and cleared w.e.f. 1st March 2016. The Jewellers are on strikes since announcement of the levy leading to considerable loss to the economy. This article covers applicability of Central excise duties on Jewellery manufacturing units and the issues which needs to …
Applicability of Central Excise duties on Jewellery w.e.f. 1st March 2016 (April 2016) Read More »
Hon. Finance Minister – Shri. Arun Jaitely have presented the budget on 29th February 2016. Though changes made in the Finance Bill, will be effective only after Finance Bill is passed in Lok Sabha & Rajya Sabha and thereafter giving ascent to the bill by Hon. President of India. However, the changes which has been …
Change The Practices In New Financial Year 2016-17 (April 2016) Read More »