Latest Expert Exchange Queries

Make 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) | 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: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: TDS :: VAT RATES :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: form 3cd :: VAT Audit
 
 
Customs and Excise »
 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
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports

No threat to Indian GP, say organisers
September, 16th 2011

Officials from Jaypee Sports International Limited (JPSI) maintained that they received a no-objection certificate from the sports ministry in the second week of August and that there is no threat to the running of the inaugural Indian Grand Prix. Senior vice-president of communications Askari Zaidi told HT that Jaypee Sports would even be willing to pay the customs duty should the need arise.

"We have applied for an exemption from customs duty for the event as the equipment for the event is not being sold to consumers," said Zaidi. "We are waiting to hear about the status of our application."

Zaidi added that the presence of customs officials during the transport and opening of the cargo for the race was, in effect, similar to the customs bonded zone that they had requested be set up for the race weekend.

According to the sports ministry, the no objection certificate that was issued to JPSI was to certify that the event could be held in India. We told them that we have no objection that they are holding it in India as a sport and that it will be at no cost to the government, said a ministry source.

As per the norm, if the exemption doesnt arrive the organisers would have to pay 100 percent customs duty for the goods on arrival, with 98 percent being refunded on departure and two percent being collected as tax.

If required, as per the law of the land, JPSI will pay customs duties and taxes etc. for the temporary import of equipment. The estimated value of this equipment is about R150 crore and the final duty payable on this will be approximately R8 crore, JPSI CEO Sameer Gaur said in a statement.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

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