Latest Tax News & Updates

Posted in Articles News Judiciary Notification

General Bond (Form B-17) to be executed by the EOU,s

Excise Duty - 03-Apr-2019

CBIC hereby notifies Form B – 17 General Bond (with Surety/Security) to be executed by the Export Oriented Units /Units in the Electronic Hardware Technology Park/Software Technology Park/ Bio-Technology Park vide Notification No. 1/2018-Central Excise (N.T) Dated 5th December, 2018. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 5th December, 2018 G.S.R______In pursuance of rules...

Continue Reading...

Central Excise Officer of DGCEI have all india jurisdiction: HC

Excise Duty - 03-Apr-2019

Delhi High Court held as under: (i) Central Excise Officers of DGCEI have all India jurisdiction and can issue notices and enquire into the matters relating to service-tax against any assessee/ person even if the said person or assessee is registered with one or multiple Commissionerates. (ii) Notice under Section 14 of the CE Act i.e. Central Excise Act can be issued even if proceedings under Section 73 of the Fin Act i.e. Finance Act, 1994 are not pending. However the notice should...

Continue Reading...

3 Years imprisonment to then Central Excise Inspector in bribery case

Excise Duty - 03-Apr-2019

Central Bureau of Investigation THREE YEARS IMPRISONMENT TO THEN INSPECTOR, CENTRAL EXCISE IN A BRIBERY CASE; DISMISSED FROM SERVICE The Special Judge, North Goa has convicted Sh. Nilesh Thakur, then Inspector, Central Excise, Goa in a bribery case and sentenced him to undergo three years Simple Imprisonment with fine of Rs. 40,000/-. The Commissioner, GST, Goa has dismissed Sh. Nilesh Thakur, then Inspector from service. CBI had registered the case on 29.05.2013 U/s 7 of PC Act, 1988...

Continue Reading...

CBI arrests a Superintendent of Central Excise in alleged bribery case

Excise Duty - 03-Apr-2019

Central Bureau of Investigation Press Release CBI Arrests a Superintendent of Central Excise and a Private Person in an Alleged Bribery The Central Bureau of Investigation has arrested then Superintendent, Range-36, Central Excise, Nehru Place, New Delhi (now Superintendent, GST Council, New Delhi) and a Tax Consultant (private person) in an alleged bribery. A case was registered U/s 120 B of IPC and Sec. 7 & 8 of PC Act 1988 on the allegations that the public servant was...

Continue Reading...

CBES Circular to Reduce Litigations

Excise Duty - 29-Mar-2019

Central Board of Excise and Customs has issued circular No.1063/2/2018-CX dated 16.02.2018, wherein this compiles sixty three orders of Supreme Court, High Courts and CESTAT on the various issues relating to Central Excise, Service Tax and Cenvat Credit has been accepted by the department. This is an exercise has been under taken by the Board to reduce litigations and the cases were pending in the field can be decided with expeditiously, if the questions of law or facts involved are...

Continue Reading...