Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: due date for vat payment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT RATES :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: cpt :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS
Customs and Excise »
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise
 Government doubles limit of excise duty evasion for arrest and prosecution
 Excise duty evasion limit to warrant arrest revised to Rs 2 crore
 Guidelines for launching of prosecution in relation to offences punishable under the Customs Act, 1962
 GST notification triggers uncertainty over excise duty
 Preparing for GST: govt looking at restructuring excise/customs cadre
 Refund of Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available.
 CBEC directs customs officials for random search of vessels
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016

FM ups verge for appeals in service tax, customs cases
December, 18th 2015

In a bid to reduce litigations related to indirect taxes, the government raised the threshold limit for filing appeals before CESTAT and High Courts to Rs 10 lakh and Rs 15 lakh, respectively.

The Finance Ministry said in a statement that the Central Board of Excise and Customs (CBEC) has taken a number of initiatives to facilitate trade and resolve disputes.

"A slew of measures were taken to enable effective and speedy dispute resolution and to facilitate the trade and industry. The threshold limit below which appeals are not to be filed by the department in CESTAT (Tribunal) and High Courts has been raised to Rs 10 lakhs and Rs 15 lakhs respectively," it said.

Besides, there will be withdrawal of all cases in High Courts and CESTAT where there is precedent Supreme Court decision, against which no review contemplated, the Finance Ministry said.

The Ministry further said that pre show cause notice consultation at the level of Principal Commissioner/ Commissioner has been made mandatory in all the cases where duty involved is above Rs 50 lakh.

Further, Zonal Chief Commissioners and Principal Commissioners have been directed to hold monthly or bi-monthly meetings with all the adjudicating and appellate authorities in their respective zone and advice them on how to pass good adjudication/appellate orders, said the statement.

"Persistent ignoring of such advice would render the officer concerned liable to action," the statement said.

Also, training institute will impart intense training to train officers on the qualities of a good adjudication order, advocacy, interpretation of statue as well as drafting of laws, it added further.

Customs Excise & Service Tax Appellate Tribunal (CESTAT) is an independent forum to hear appeals against orders and decisions passed by the Commissioners of Customs and Excise relating to service tax, customs and central excise.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions