PFA
Aggregator's Services under Service Tax Netby CA Sandeep Kanoi |
The aggregators who were till now not specifically covered under the Service Tax net on strict interpretation of law and could not catch the attention of revenue authorities came under the radar of one and all in Indian regulatory world once the app based cab services received the attention after Uber fiasco.
Import of Second Hand Tyres for direct use– Regarding
OFFICE OF THE COMMISSIONER OF CUSTOMS NS-I & III
JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA-SHEVA.
TAL: URAN, DIST: RAIGAD, MAHARASHTRA-400 707.
JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA-SHEVA.
TAL: URAN, DIST: RAIGAD, MAHARASHTRA-400 707.
F.No. S/22-Gen-90/2014-15 AM (I) NS-III, Date:27.03.2015
PUBLIC NOTICE NO. 28/2015
PUBLIC NOTICE NO. 28/2015
SUBJECT: Import of Second Hand Tyres for direct use– Regarding.
Attention of the Trade, Customs Brokers and all concerned is invited towards OM issued by the Ministry of Environment & Forests F No 23-4/2009 HSMD(pt) dated 24.11.2014 is reproduced below:
The matter herein pertains to import of second hand tyres for direct use purpose. The import of 'waste pneumatic tyres, excluding those which do not lead to resource recovery, recycling, reclamation or direct reuse' falls under Schedule III B (B3140) of Hazardous Waste (Management, Handling and Trans-boundary Movement) Rules, 2008 and hence is regulated for the purpose of import/ export. Accordingly, the applicant has to apply to this Ministry for import of used tyres for any purpose including for re-use purpose.
2. However, as far as import of used tyres for direct reuse is concerned the matter was discussed in 33rd Technical Review Committee (TRC) meeting held on 28.10.2014 in the Ministry. The Committee is constituted under the Hazardous Waste (Management, Handling and Transboundary Movement) Rules, 2008. The Committee's observations on the issue are as given below:
i. There is adequate capacity for tyre manufacturing in the country and in fact tyres manufactured in India are exported. Therefore there is no need to import second hand pneumatic tyres.
ii. There is an order dated 11th February 2010 from the Ministry of Commerce and Industry, DIPP which says "no person shall be himself or through any person on his behalf, manufacture, import, store for sale, sell or distribute Pneumatic tyres which do not conform to the Specified Standard and which do not bear the Standard Mark of the Bureau on obtaining Certification marks license".
iii. Thus all tyres used in the country must have BIS certification except for tyres imported by Original Equipment Manufacturer (OEM)and distributed through their authorized dealers.
iv. There is no simple test for determining the road safety.
v. There is no simple test for determining the road safety or the residual life of tyres which could be used by the Customs.
3. Taking into account the above observations and related recommendations of the Committee, it is to inform that import of second hand tyre in the country for direct re-use is not permitted.
2.This is brought to the information of the Trade, Customs Brokers and all concerned for their information.
3.Difficulties, faced if any, in implementation of this Circular may kindly be brought in the notice of Additional Commissioner, Centralised Appraising Main, NS-III.
SD/
27.03.2015
(SEEMA JERE BISHT)
COMMISSIONER OF CUSTOMS,
NS-I & III
27.03.2015
(SEEMA JERE BISHT)
COMMISSIONER OF CUSTOMS,
NS-I & III
PFA
Application for Roll Back of Advance Pricing Agreement can be made upto to 30.06.2015by CA Sandeep Kanoi |
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 31st March, 2015 Press Release The rules relating to Roll Back of an Advance Pricing Agreement (APA) have been notified through notification no. S.O. 758 (E) dated 14th March, 2015. As per sub-rule (5) of the newly prescribed […]
Income Tax Dept. issues list of 18 tax defaultersby CA Sandeep Kanoi |
Income Tax Dept. issues list of 18 tax defaulters Download List of 18 tax defaulters
PFA
Income Tax Dept. issues list of 18 tax defaulters
Income Tax Dept. issues list of 18 tax defaulters
1. BLUE INFORMATION TECHNOLOGY LTD.
2. LAXMINARAYAN T. THAKKAR (HUF)
3. JUPITOR BUSINESS LIMITED
4. HIRAK BIOTECH LTD.
5. ICON BIO PHARMA & HEALTH CARE LIMITED [Formerly known as moon drugs limited]
6. APPLITECH SOLUTIONS LIMITED
7. BANYAN & BERRY ALLOYS LTD.
8. SOMANI CEMENT CO. LTD. KHARSALIYA
9. DIGITAL PC TECHNOLOGIES PVT.LTD.
10. GOLDSUKH TRADE INDIA LTD.
11. VICTOR CREDIT & CONSTRUCTION PVT. LTD.
12. NOBLE MERCHANDISE LTD.
13. PROTECH INTRADE PVT. LTD.
14. ATUL JASHVANTRAI MEHTA
15. Late Shri. G. K. DHARNE Legal Heir : Atul Gopal Dharne (Son).
16. POONAM INDUSTRIES LTD.
17. KUNVAR AJAY FOOD PVT. LTD.
18. VIRAJ DYEING & PRINTING PVT. LTD.
Rate of Interest WEF 01.04.2015 on NSC, PPF, KVP, Sukanya Samriddhi A/cby CA Sandeep Kanoi |
Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from Tomorrow It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise […]
Rate of Interest WEF 01.04.2015 on NSC, PPF, KVP, Sukanya Samriddhi A/c
Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from Tomorrow
It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise the rates applicable on various small savings schemes as given in the table below.
| Scheme | Rate of interest w.e.f.01.04.2014 | Rate of Interest w.e.f. 01.04.2015 |
| 1. | 2. | 3. |
| Savings Deposit | 4.0 | 4.0 |
| 1 Year Time Deposit | 8.4 | 8.4 |
| 2 Year Time Deposit | 8.4 | 8.4 |
| 3 Year Time Deposit | 8.4 | 8.4 |
| 5 Year Time Deposit | 8.5 | 8.5 |
| 5 Year Recurring Deposit | 8.4 | 8.4 |
| 5 Year SCSS | 9.2 | 9.3 |
| 5 Year MIS | 8.4 | 8.4 |
| 5 Year NSC | 8.5 | 8.5 |
| 10 Year NSC | 8.8 | 8.8 |
| PPF | 8.7 | 8.7 |
| Kisan Vikas Patra | 8.7 | 8.7 |
| Sukanya Samriddhi Account Scheme | 9.1 | 9.2 |
The above rates will be effective from tomorrow i.e. 1.4.2015.
Thus the rates on many of the small savings scheme have undergone an upwards revision vis-à-vis 2014-15.
Article on Exemption U/s 54 is attached.
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