Update on measures taken to simplify tax administration

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..... ove subject enclosing a brief note on reform update by the chairman(CBEC). 2. Also refer to this office letter of even no. 12162-12173 dated 24-02-2016, where a compilation of the measures taken in the field of simplification of tax Administration in Indirect Taxes were forwarded for necessary action and propagating the same through the meetings of various fora including PTFCs, Open Houses and PGC. In continuation of the above, reform update by the Chairman(CBEC) is forwarded herewith for necessary action at your end. 3. You are requested to ensure that the above reform update by the chairman (CBEC) is communicated using various instruments available to the Trade and Industry effectively and a compliance report in this regard may be s .....

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..... ommerce and industry viz. CII. FICCI, Assocham, PHD Chambers, Society of Indian Mobile Manufactures, etc. 3. A copy of the above reform update is enclosed for necessary action at your end. (Vinay Chhabra) Director General, DGTS * The guidelines relating to valuation of second hand machinery revised. In order to achieve nationwide standardization, formats for certification by Chartered Engineers (Indian & Overseas) devised. * Temporary Imports for exhibitions: Exemption notification issued for enabling temporary importation of goods for display/exhibition/demonstration. The requirement of ITPO certification dispensed. The revised process is simplified, predictable and reduces transaction costs. * Under the India-ASEAN FTA, Rules o .....

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..... 28th and 29th October, 2015]. * Time limit for taking CENVAT Credit of duty/tax paid on inputs and input services increased from six months to one year. * E-payment of refunds and rebates through RTEGS[NEFT introduced. * The provision restricting CENVAT credit to 85% under proviso to Rule of 3(i)(vii) of Cenvat Credit Rule, 2004 deleted. Consequently ship-breaking units entailed to avail 100% credit of the CVD paid with effect from 01.03.2015 subject to provisions of Cenvat credit Rule, 2004. * Registration for factories operating through multiple premises falling within a range allowed. * Requirement of self attestation of the transporter's copy by a manufacturer using digitally signed invoice discontinued * Number of .....

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