Nov 242014
 

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Auction for Sale (re-issue) of Government Stock – Dated:- 24-11-2014 – Government of India have announced the Sale (re-issue/issue) of (i) 8.27 per cent Government Stock 2020 for a notified amount of ₹ 3,000 crore (nominal) through price based auction, (ii) 8.40 per cent Government Stock 2024 for a notified amount of ₹ 6,000 crore (nominal) through price based auction , (iii) 9.20 per cent Government Stock 2030 for a notified amount of ₹ 2,000 crore (nominal) through price based auction, and (iv) New 30 years Government Stock for a notified amount of ₹ 3,000 crore (nominal) through yield based auction. The auctions will be conducted using Multiple price method. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on November 28, 2014 (Friday). 2. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible indiv………………

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Nov 242014
 

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U/S 144C Income Tax Act 1961 – Constitution Dispute Resolution Panel at Delhi, Mumbai, Pune, Kolkata, Ahmedabad, Hyderabad, Bangalore and Chennai – Income Tax – Order No. 15/FT & TR/2014 – Dated:- 21-11-2014 – Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes FT & TR – II Division NEW DELHI DATED 21th November, 2014 Order No. 15/FT & TR/2014 In exercise of the powers conferred by clause (a) of sub-section (15) of section 144C of the Income-tax Act, 1961(43 of 1961) read with Income-tax (Dispute Resolution Panel) Rules, 2009 as amended from time to time and in supersession of earlier Orders constituting Dispute Resolution Panels, the Central Board of Direct Taxes consequent to issue of orders changing the designation of officers including those performing duties as members of Dispute Resolution Panels, hereby constitutes the Dispute Resolution Panels at areas of jurisdiction given in column (2) of the table below comprising of three Commissioners of Income-tax as Members of the said Panel given in corresponding column (3) of the said Table with a Reserve Member in such Panel given in corresponding column (4) of the Table in accordance with Rule 3(3) of the lncome-tax (Dispute Resolution Panel) Rules, 2009 as under: Table S. No. Area(s) of Jurisdiction Members or Panel Reserve member of the Panel (1) (2) (3) (4) 1. DRP-I, DELHI CIT(IT)-3, Delhi CIT-7, Delhi CIT(A)-29, Delhi CIT(TP)-3. Delhi 2. DRP-II, Delhi CIT(IT)-1, Delhi CIT-10, Delhi CIT-12, Delhi CIT(TP)-1, Delhi 3. DRP-III, Delhi CIT(A)-42, Delhi ClT-24, Delhi CIT(A)-16, Delhi CIT(A)-44, Delhi 4. DRP-IV, Delhi CIT(A)-14, Delhi CIT(A)-3, Delhi CIT(A)-17, Delhi CIT(A)-9, Delhi 5. DRP-I, Mumbai CIT(A)-7, Mumbai CIT(A)-44, Mumbai CIT(A)-29, Mumbai CIT(TP)-3, Mumbai 6. DRP-II, Mumbai CIT(IT)-2, Mumbai CIT(A)-55, Mumbai CIT(TP)-1 Mum………………

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Nov 242014
 

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CENVAT CREDIT ON REPAIRS TO FACTORY BUILDINGS – Service Tax – Started By: – THE SINGARENI COLLIERIES CO LTD – Dated:- 24-11-2014 Last Replied Date:- 30-12-1899 – As per the definition of Input Service ( Rule 2(l) ), Input Service includes services used in relation to modernisation, renovation or repairs of a factory, premises of provider of output service or an office relating to such factory or premises and excludes service portion in the execution of a works contract and construction services including service listed under clause (b) of section 66E o………………

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Nov 242014
 

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RBI Cautions against Misuse of cancelled NBFC Certificate of Registration – Dated:- 24-11-2014 – It has come to the notice of the Reserve Bank of India that some entities/imposters, including companies, partnership firms, individuals, etc., are fraudulently impersonating as Non Banking Financial Companies (NBFCs) registered with the Reserve Bank of India, by forging the Certificate of Registration cancelled by Reserve Bank of India. It is understood that entities/imposters are promising loans to the needy public at attractive rates and collecting money from them as processing charges for the loans/advances and vanish with the money so collec………………

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Nov 242014
 

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ACCOUNTING FOR CREDIT NOTE – Accounting – Auditing – Started By: – S.C. WADHWA – Dated:- 24-11-2014 Last Replied Date:- 30-12-1899 – 33 A Pvt. Ltd. Co. made sale of its products to Foreign Co. Such foreign Co. found short quantity of material. Accordingly, it issued us debit note towards material short received by it. It also debited our account towards duty and handling charges borne by it on same. As far as, value of material s concerned, same ………………

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Nov 242014
 

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Corrigendum – Notification No.70/2014 Dated 13-11-2014. – Income Tax – 72/2014 – Dated:- 20-11-2014 – [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI (INCOME-TAX) NOTIFICATION NO. 72/2014 New Delhi, Dated the 20th November, 2014 CORRIGENDUM S.O. (E) – In the notification of the Government of India, Ministry of Finance, Department of Revenue, ………………

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Nov 242014
 

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Uniform list of Services to be followed in Special Economic Zones- regarding. – SEZ – Instruction No. 83 – Dated:- 21-11-2014 – Instruction No. 83 No D.12/19/2013 -SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division Udyog Bhavan, New Delhi Dated 21st November, 2014 To All Development Commissioners Special Economic Zones Subject: Uniform list of Services to be followed in Special Economic Zones- regarding. Sir/Madam, I am directed to refer to this Ministry's letter No. D.12/25/2012-SEZ dated 16th September, 2013 circulating a list of 58 services which may be permitted by all UACs as default authorised services. Subsequently eight (8) more services were included in the list………………

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Nov 242014
 

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RBI Reference Rate for US $ – Dated:- 24-11-2014 – The Reserve Bank of India s Reference Rate for the US Dollar is ₹ 61.7798 on November 24, 2014. The corresponding rate for the previous day (November 21, 2014) was ₹ 61.8505. Based on the reference rate for the US Dollar and the middle rates of the cross-currency quotes, the exchange rate of EUR, GBP and JPY against the Rupee are given ………………

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Nov 242014
 

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whether cenvat credit eligible on free samples-reg – Central Excise – Started By: – Ramakrishnan Seshadri – Dated:- 24-11-2014 Last Replied Date:- 30-12-1899 – Dear Sir,We are manufacturer of automobile parts. We are receiving samples from our suppliers for manufacture of new parts on payment of excise duty by the supplier.Our………………

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Nov 242014
 

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ADITYA HOROLOGICAL LTD. Versus COMMR. OF C. EX. (APPEALS-I), BANGALORE – Central Excise – CESTAT BANGALORE – Tri – Modification of stay order – Waiver of pre deposit – non compliance of pre deposit order – Financial Hardship – Held that:- The plea of financial hardships was also considered in the above stay order wherein it was noted that this plea was not supported by any documentary evidence. The same plea has been reiterated by the appellant in the present miscellaneous application but it is not accompanied by any documentary evidence. As rightly pointed out by the Superintendent (AR), no further reason has been stated by the appellant in support of their plea – Appeal dismissed for non-compliance – Decided against assessee. – 2014 (11) TMI 758 – CESTAT BANGALORE – 2014 (307) E.L.T. 132 (Tri. – Bang.) – E/2023/2011 – Final Order No. 762/2012 and Misc. Order No. 790/2012 – Dated:- 21-12-2012 – Shri P.G. Chacko, Member (J) Ms. R. Subhashini, Advocate, for the Appellant. Shri N. Jagdish, Superintendent (AR), for the Respondent. ORDER The appellant was directed to pre-deposit an amount of ₹ 3 lakhs within six weeks and report compliance vide Stay Order No. 1757/2012, da………………

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Nov 242014
 

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Service Tax – Dated:- 24-11-2014 – Management Consultancy Services – activity of helping in marking of granite blocks and rendering assista………………

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Nov 242014
 

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Central Excise – Dated:- 24-11-2014 – CENVAT Credit – Reversal of credit when finished goods became exempt – While the provisions of sub-rule (3)(ii) of Rule 11 of the Cenva………………

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Nov 242014
 

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Central Excise – Dated:- 24-11-2014 – Dismissal of appeal – Non compliance with pre deposit order – As the dismissal of appeal is automatic and on account of failure………………

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Nov 242014
 

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Customs – Dated:- 24-11-2014 – Redemption fine and penalty – import of medical equipment claiming the benefit of Notification 64/88-Cu………………

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Nov 242014
 

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Customs – Dated:- 24-11-2014 – Denial of refund claim – after passing of final assessment, the Bill of Entries were audited on 5.4.2007 an………………

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