Central Board of Excise & Custom has issued circular dt 15/09/2011 by which it has made it mandatory for the assessee to submit the prescribed Central Excise Returns electronically ( i.e efiling of returns ) w.e.f. 1st day of October, 2011. Read the Circular which is self explanatory . Excise CIRCULAR NO. 955/16/2011-CX, DATED 15-9-2011 It has been decided to make it mandatory for the assessees to submit the prescribed Central
Excise & Custom
Central Board of Excise & Custom has modified the rules of filing appeal in CESTAT , High Court and Supreme Court by issuing a fresh Instruction [F.NO.390/MISC./163/2010-JC], DATED 17-8-2011 which is effective from 01/09/2011 CBEC has fixed following monetary limits below which appeal shall not be filed in the Tribunal, High Court and the Supreme Court: Sl. No. Appellate Forum Monetary limit 1. CESTAT Rs.5,00,000 2. HIGH COURTS Rs.10,00,000 3.
Central Board of Excise & Custom has modified two Forms- ER-1 & ER-3 vide Notification No. 16/2011-Central Excise (N.T.) dt 18th July, 2011 . The Forms which have been changed are ER-1 for monthly return for production and removal of goods and other relevant particulars and CENVAT credit, ER-3 for quarterly return for production and removal of goods and other relevant particulars and CENVAT credit, by an assessee eligible to
Custom authority can not challenge the licensing authority’s power ! Mumbai High Court in M/S. Bhilwara Spinners Ltd., A … vs Union Of India delivered on 16 March, 2011 held that DGFT is empowered to amend license with retrospective effect . The basic dispute in the present case is, whether the DGFT who is the licensing authority under the Foreign Trade (Development & Regulation) Act, 1992 is empowered to amend
In a latest move to provide a boost to the export sector the Government has increased the limit of import of duty free samples by exporters from Rs. 1,00,000 to Rs. 3,00,000. Earlier only the gems and jewellery sector was allowed duty free import of up to Rs. 3,00,000. Since a majority of exporters are given samples to replicate by their buyers, this step by the Government will help exporters
Central Board of Excise and Custom has notifed certain goods not eligible for import . These classes of goods are modified time to time . As on today 11/07/2010 ,there are certain items which India has prohibited to import vide Notification No. 1/64-customs, dated 18-01-1964 . The simple list of such goods are given as under