CBEC takes Litigation Management and Dispute Resolution measures; Field formations file applications for withdrawal in 980 and 2174 cases in High Courts and CESTAT respectively as per the new threshold monetary limits prescribed; Out of this, High Courts allow withdrawal in 250 cases and CESTAT in 202 cases

Misc. Items

The Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance, Government of India has taken several measures to manage litigation and reduce disputes. The prominent initiatives are given below: Litigation Management:• The threshold limit below which appeals are not to be filed by the department in CESTAT (Tribunal) and High Courts…

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The Central Government extends the time limit for taking Central Excise registration of an establishment by a jeweller up to 01.07.2016

Misc. Items

The Central Government has ​,​ by Circular No. 1026/14/2016-CX dated 23rd April, 2016​,​ extended the time limit for taking Central Excise registration of an establishment by a jeweller up to 01.07.2016. However, the liability for payment of ​C​entral ​E​xcise duty is with effect from 1st March, 2016. The assessee jewellers may make the payment of…

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Government Decides to withdraw the 10th February 2016 Notification with Immediate Effect

Employees Provident Fund (EPF), Provident Fund (PF)

Government had issued a notification dated 10th February 2016 regarding rules for withdrawal from EPF Funds by the members. Under the revised rules, the employee was permitted to withdraw the employees’ share from the fund (which is 12% of the wages). However, it was prescribed that the employers’ share of contribution towards the Provident Fund…

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Government of India and the Republic of Maldives Sign two Agreements today for the Exchange of Information with respect to taxes and for the Avoidance of Double Taxation of Income Derived from International Air Transport

Income Tax

The Government of the Republic of India and the Government of the Republic of Maldives signed two Agreements – for the Exchange of Information with respect to Taxes and for the Avoidance of Double Taxation of Income derived from the International Air Transport here today during the visit of the President of Maldives to the…

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Simplification of procedure to deal with audit objections raised in indirect taxes by the office of by CAG

Misc. Items

Central Board of Excise and Customs (CBEC) has issued a circular to simplify the procedure of dealing with audit objections raised in indirect taxes by the office of CAG. The Circular rescinds all the past circulars and instructions and prescribes a new simplified and consolidated procedure. The Circular No. is 1023/11/2016 CX dated 08/04/2016 Taking…

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