Citation [Commissioner of Customs (Import) v. M/s. Do Best Infoway in C/Misc./40433/2015 and C/41062/2] (Pronounced in open court on 29.02.2016) BRIEF FACTS Revenue has come in appeal before the Hon'ble Tribunal against the order passed by Learned Commissioner (Appeals) setting aside the assessment enhancing the declared value in respect of imported aluminium foil paper from … Continue reading TRIBUNAL REQUESTED CBEC TO ISSUE APPROPRIATE GUIDELINE TO THE QUASI JUDICIAL AUTHORITIES IN ADMINISTRATIVE JUSTICE SYSTEM TO DISCHARGE THEIR DUTIES PUBLICLY IN ACCORDANCE WITH LAW

Brief Facts The Appellant [M/s. S.C. Johnson Products Private Limited (formerly known as M/s. Karamchand Appliances Private Limited)] is a manufacturer of insecticides & Electro thermic appliances falling under Chapters 38 & 35 respectively of the First Schedule to the Central Excise Tariff Act, 1985. The Appellant acquired first 50% of the equity shares of … Continue reading Prior permission not required from the statutory authorities for transferring the CENVAT Credit as a result of amalgamation/merger

  You are aware that the ‘Special Valuation Branch (hereinafter referred to as “SVB”) was created as institution specializing in investing transactions involving relationship between foreign supplier and importer or those involving other special circumstances surrounding the sale of imported goods, both of which a bearing on the assessable value. In this regard, detailed instructions … Continue reading SPECIAL VALUATION BRANCH UNDER THE CUSTOMS LAW

COMPARATIVE ANALYSIS S.No. Particulars Private Limited Company One Person Company (OPC)  Limited Liability Partnership(LLP)   1. Minimum Number of Directors and Shareholders Members/Shareholders – 2 Directors – 2 Note: Directors and members may or may not be same. Only a natural person can be a director, also one person should be an Indian director i.e. … Continue reading Comparative Analysis between a private limited company, one person company and limited liability partnership

As we all know, the Swachh Bharat Cess (SBC) is being levied by the Central Government @ 0.5 percent on taxable services. Initially, there was no clarity on the availability of Cenvat Credit under the Cenvat Credit Rules, 2004 or refund/rebate thereof in case of export of goods/services. The Central Board of Excise and Customs … Continue reading Clarification on Swachh Bharat Cess