Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: empanelment :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: form 3cd :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: cpt :: TDS :: list of goods taxed at 4% :: VAT RATES :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Customs and Excise »
 IGST on high-seas sale of imports is levied only during customs clearance
 Central Excise Rules, 2017 – Part II
 Central Excise Rules, 2017 – Part I
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector

I-T questions Anushka over undeclared items
June, 30th 2011

The income tax (I-T) authorities on Tuesday recorded actor Anushka Sharma, statement, regarding the undeclared jewellery and watches she was found to be carrying while she was crossing the green channel of the international airport. Sharma was summoned by the investigation wing of the I-T departmen t, after her detention by the Customs department at Chhatrapati Shivaji International Airport, on Monday. She was returning from Toronto, where she had gone to attend the International Indian Film Academy (IIFA) awards.

She was found to be carrying 12 pieces of diamond studded jewellery and two Christian Dior watches, totally worth Rs35 lakh.

An I-T official handed over the summons to Sharma on Monday at the airport, asking her to visit the office of the investigation wing.

 

A senior I-T official, requesting anonymity, said that Anushka was asked if the jewellery belonged to her, or was borrowed. Anushka told us the same thing that she had said at the Customs, that the jewellery and watches were given by various brands to promote them at the IIFA,

The authorities also asked about her other sources of income. The official added the department would record statements of the jewellers and the watch dealer, who supposedly gave her the items, only if the need arose. The Air Intelligence Unit (AIU) of Mumbai Customs on Wednesday recorded statements of representatives from two of the four jewellery houses named by her. Mahendra Pal, Additional commissioner of Customs, AIU, confirmed that the representatives statements were recorded.

Customs sources said that the jewellery house representatives were called to verify the statement given by Anushka during her detention. They added that the remaining jewellers and the watch dealer would soon be called.

After recording of statements, the Customs would pass judgment in the case and levy the fine and penalty. It will take five to six months. Till then, the jewellery and watches would be under seizure, the official said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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