Sep 28, 2010

DUE DATE OF FILING INCOME TAX RETURN HAS EXTENDED

7:46 PM 1
DUE DATE OF FILING INCOME TAX RETURN HAS EXTENDED
No.402/92/2006-MC (42 of 2010)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated 28th September 2010
Press Release
The Central Board of Direct Taxes have extended the due date of
filing income tax returns for the assessment year 2010-11 from 30th
September 2010 up to 15th October 2010. The due date has been extended in
view of disturbance to general life caused by floods. Accordingly, the due
date for obtaining tax audit report u/s 44AB also stands extended to 15th
October 2010.
The due date of 30th September 2010 is prescribed for corporate
taxpayers, taxpayers whose accounts are subject to tax audit u/s 44AB of the
Income Tax Act 1961 or audit under any other law, and working partners of
firm the accounts of which are liable to tax audit or audit under any other
law.
The due date for the state of Jammu and Kashmir shall, however,
remain 30th November 2010 as extended earlier.
***

CUSTOM CIRCULAR NO 38 ABOUT FOREIGN TRADE POLICY DATED 27-09-2010

6:47 PM 2
CUSTOM CIRCULAR NO 38 ABOUT FOREIGN TRADE POLICY DATED 27-09-2010
Circular No. 38 /2010-Cus.

F.NO.605/33/2010-DBK
Government of India
Ministry of Finance
Department of Revenue


New Delhi dated the 27th September, 2010
To
All Chief Commissioners of Customs
All Chief Commissioners of Customs & Central Excise/ Central Excise
All Director Generals under CBEC,
All Commissioners of Customs, Customs (Preventive)
All Commissioners of Customs & Central Excise/ Central Excise
Sir/Madam,


Sub: Foreign Trade Policy (FTP), 2009-14 – regarding.

The Annual Supplement to the Foreign Trade Policy (hereinafter referred to as the FTP), 2009-2014  and the Handbook of Procedures (Vol.I) (hereinafter referred to as the Handbook) have been notified by the DGFT vide notification No. 1(RE-2010) / 2009-2014 dated 23th August 2010 and Public Notice 1(RE-2010)/2009-14 dated 23th August 2010 respectively. The Department of Revenue has since issued notification Nos.88/2010-Cus, 89/2010-Cus  90/2010-Cus all dated 01.09.2010, 91/2010-Cus dated 06.09.2010, 92/2010-Cus dated 10.09.2010, 93/2010-Cus dated 14.09.2010 & 97/2010-Cus dated 21.09.2010 to implement the Policy and the Handbook. The FTP, Handbook and the above mentioned notifications may please be perused for details. The salient features of the changes are discussed below:

I.              New schemes.

Annual Export Promotion Capital Goods scheme

The annual supplement has introduced a provision in para 5.2 D of the FTP that EPCG Authorization can also be issued for annual requirement to Status Certificate Holders and all other categories of exporters having past export performance (in preceding two years), both under zero duty and 3% duty Schemes.  The authorization for annual requirement may not indicate the capital goods which can be imported under the authorization.  However, the authorization  shall indicate export product(s) to be exported under the authorization. The authorization holder shall submit a Nexus Certificate from an independent Chartered Engineer (CEC), certifying nexus of imported capital goods with the export  product, to the Customs authorities at the time of clearance of imported capital goods. Notification No. 92/2010-Cus dated 10.09.2010 refers in this regard.

II.         Changes in the existing Export Promotion schemes

(1)        Zero duty Export Promotion Capital Goods (EPCG) Scheme

This scheme has been extended upto 31.3.2012.  Further, the scheme has been expanded by adding some more sectors like rubber products, paints and varnishes, glass and glassware, ceramics, paper, books, animal by-products, ossein and gelatine, graphite products and explosives,  marine  products, sports goods and toys, engineering products (iron & steel, pipes and tubes and ferro alloys). Notification no. 92/2010-Cus dated 10.09.2010 may please be referred.

(2)        Status Holder Incentive Scheme (SHIS)

This scheme has been extended upto 31.3.2012 and has been expanded by adding some more sectors rubber products, paints and varnishes, glass and glassware, ceramics, paper, books, animal by-products, ossein and gelatine, graphite products and explosives, sports goods and toys, electronic products, engineering products (iron & steel, steel pipes, tubes and fittings thereof and ferro alloys). Notification no. 92/2010-Cus dated 10.09.2010 has been issued in this regard.

(3)        Applicability of benefits under Zero Duty EPCG & SHIS schemes

Para 5.1A to HBPv.1(2009-14) as notified on 27-08-2009 provided that benefit of Zero Duty EPCG Scheme & SHIS shall not be simultaneously available in the same year.  The HBPv.1 (RE 2010) has made this provision clear by providing in para 3.10.3 to the effect that SHIS scrips will not be issued in the year in which Zero Duty DPCG authorization has been issued and that the SHIS scrips which are not issued in a particular year for the reason that Zero Duty EPCG authorization has been issued in that year shall not be issued in subsequent years also.  The Customs notifications Nos. 101/2009-Cus dated 11.09.2009, 102/2009-Cus dated 11.09.2009 and 104/2009-Cus dated 14.09.2009 have been accordingly amended vide notification No. 92/2010-Cus dated 10.09.2010.

(4)        Served From India Scheme (SFIS)

As per existing Notification No. 91/2009-Cus, import of vehicles is not allowed under the Served From India Scheme(SFIS),  even if such vehicles are freely importable under the Foreign Trade Policy. However, after the announcement of Annual supplement to the Foreign Trade Policy, vehicles which are in the nature of professional equipment such as Airfield Fire Fighting and Rescue Vehicles (AFFRVs), Heavy Duty Modular Trailer Combination, Reach Stackers etc.  for use by the service provider in his regular service business have been allowed to be imported against SFIS scrips. However, personal vehicles such as motor cars/ Sports Utility Vehicles(SUVs) / Multi Utility Vehicles (MUVs)  etc. are not permitted to be imported against SFIS scrips. Notification no. 90/2010-Cus dated 01.09.2010 refers in this regard.

(5)        Agri-Infrastructure Incentive Scrip (AIIS).

The Agri Infrastructure Scrips (AIIS) issued under para 3.13.4 of the FTP Vishesh Krishi Gram Udyog Yojana (VKGUY) can now be transferred to units in Parks  recognized by the Ministry of Food Processing Industries, for import of cold chain equipment.  This facility, however, shall not be allowed to developers of Agri parks. The Notification no. 90/2010-Cus dated 01.09.2010 has been issued in this regard.

(6)        Advance Authorization Scheme

The goods imported under Advance Authorization for Annual Requirement have been exempted from anti-dumping duty & Safeguard duty on the same lines as the goods imported under normal advance authorization scheme. Notification no. 90/2010-Cus dated 01.09.2010 may please be referred.

(7)        DEPB Scheme

There is no change in the scheme except that the scheme shall now be valid upto 30.06.2011. Necessary amendments in the existing Notification No. 97/2009-Cus dated 11.9.2009 will be made at the appropriate time.

III.        Miscellaneous changes

(i)             The export duty on export of imported raw hides & skins and semi- processed leathers from bonded warehouse, has been reduced from the present level of 60% to Nil. The Notification No. 88/2010-Cus dated 01.09.2010 refers in this regard.

(ii)            The import of duty free embellishments has been allowed to polyester made-ups in line with the facility available to cotton made ups. The Notification No. 21/2002-Cus dated 01.03.2002 has been amended vide Notification No. 89/2010-Cus dated 01.09.2010 accordingly.

(iii)           The import of duty free embellishments has been allowed to handloom made-ups also in line with the facility available to cotton made ups (other than handloom). The Notification No. 21/2002-Cus dated 01.03.2002 has been amended vide Notification No. 91/2010-Cus dated 06.09.2010 accordingly.

(iv)          The list of existing items which are allowed duty free for Gem and Jewellery sector has been extended and items, namely, tags and lables, security sensors on cards, staple fibre, poly bags, if imported by the Gem and Jewellery sector have been permitted within the overall limits already allowed under the scheme.  The notification No. 97/2010-Cus dated 21.09.2010 amending existing notification no. 41/1999-Cus dated 28.04.1999 has been issued in this regard.

(v)           Five new ports including Ennore (Tamil Nadu) have been notified  for the purpose of imports and exports under Export promotion Schemes.   

IV.        These instructions may be brought to the notice of the trade / exporters by issuing suitable Trade / Public Notices. Suitable Standing orders/instructions may be issued for the guidance of the assessing officers. Difficulties faced, if any in implementation of the Circular may please be brought to the notice of the Board at an early date.

V.         Receipt of this Circular may kindly be acknowledged.
Yours faithfully,

 (NAJIB SHAH)
JOINT SECRETARY
Telefax-011-23341079

Sep 27, 2010

EXCISE CIRCULAR ABOUT MEASURES TO STREAMLINE THE PROCESSING OF DEPARTMENT LITIGATION BEFORE THE COURTS AND TRIBUNAL

12:50 PM 1
EXCISE CIRCULAR ABOUT MEASURES TO STREAMLINE THE PROCESSING OF DEPARTMENT LITIGATION BEFORE THE COURTS AND TRIBUNAL
Circular No. 935/25/2010-CX

F. No. 390/Misc./100/2009-JC
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise & Customs)
                                                               .....
New Delhi, dated the    21st   September 2010
To,

1. All Chief Commissioners and Director Generals under the Central Board of   Excise and Customs.
2.  CDR, Customs, Excise & Service Tax Appellate Tribunal.
3. All Commissioners of Customs / Central Excise/ Service Tax /All Joint Chief Departmental Representatives / Commissioner, Directorate of Legal Affairs
4.  

Sub:-    Measures to streamline the processing of departmental litigation before the Courts and Tribunal - reg.

Sep 26, 2010

CUSTOM CIRCULAR NO 36 ABOUT CONVERSION OF SHIPPING BILLS

8:56 AM 0
CUSTOM CIRCULAR NO 36 ABOUT CONVERSION OF SHIPPING BILLS
CIRCULAR NO. 36/2010-CUSTOMS

F.No.609/121/2009-DBK
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Custom
*****
New Delhi, the  23rd September, 2010
To                                                                      
                                                                                                                                   
All Chief Commissioners of Customs/Central Excise/Customs &Central Excise.
All Commissioners of Customs/Customs (P)/Customs &Central Excise /Central Excise.
All Director Generals of CBEC,
Chief Departmental Representative of Customs Excise & Service Tax Appellate Tribunal.

Sir/Madam,
                       
Sub: Conversion of free shipping bills to export promotion  scheme  shipping bills and conversion of shipping bills from one scheme  to another – reg.

Sep 24, 2010

DUE DATE OF FILLINF INCOME TAX RETURN EXTENDS IN SATATE OF J&K

9:32 AM 0
DUE DATE OF FILLINF INCOME TAX RETURN EXTENDS IN SATATE OF J&K
CBDT today 23 of september 2010 issued a circular about due date of filling income tax return in state of jammu & kashmir. because of different problems there such as flood in the plain areas, instability in the kashmir where natural disaster in leh. so now the due date extends to 30 th november 2010.

Sep 20, 2010

All about Form 24G of tds

6:24 PM 0
All about Form 24G of tds
The Pay and Accounts Office (PAO)/ District Treasury Office (DTO)/ Cheque Drawing and Disbursing Office (CDDO) are required to file Form 24G as per Income-tax Department Notification no. 41/2010 dated May 31, 2010. In case of an office of the Government, where tax has been paid to the credit of Central Government without the production of a challan associated with deposit of the tax in a bank, the PAO / CDDO / DTO or an equivalent office (herein after called as AO in this document) government is required to file Form 24G.
Form 24G is to be furnished only in electronic form.

Sep 19, 2010

CUSTOM NOTIFICATION NO 84/2010 DATED 17-09-2010

5:12 PM 0
CUSTOM NOTIFICATION NO 84/2010 DATED 17-09-2010
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

New Delhi, dated the 17th  September, 2010

Notification No.  84/2010 - CUSTOMS (N.T.)

CUSTOM NOTIFICATION ABOUT REFUND OF 4% CVD IN TEXTILE SECTOR

5:11 PM 0
CUSTOM NOTIFICATION ABOUT REFUND OF 4% CVD IN TEXTILE SECTOR
Circular No. 34/2010-Customs

F. No. 354/138/2010-TRU
Government of India
Ministry of Finance
Department of Revenue
Tax research Unit

153, North Block, New Delhi -110001
 Dated 15th September, 2010.
To

All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.).
All Commissioners of Customs & Central Excise.
All Commissioners of Central Excise


 Sir / Madam,

Subject: Refund of 4% Additional Duty of Customs (4% Special CVD) in pursuance of NotificationNo.102/2007-Customs dated 14.9.2007 – Applicability to manufacturers in textile sector - reg.

CUSTOM NOTIFICATION ABOUT ALL INDUSTRIAL RATES OF DUTY DRAWBACK 2010 -11

5:09 PM 0
CUSTOM NOTIFICATION ABOUT ALL INDUSTRIAL RATES OF DUTY DRAWBACK 2010 -11
F.No. 609/76/2010-DBK
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Excise & Customs, New Delhi

Circular No.  35/2010-Cus.,

New Delhi dated: 17.09.2010
To

All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise/ Central Excise.
All Director Generals under CBEC, CDR (CESTAT).
All Commissioners of Customs / Customs (Prev). 
All Commissioners of Customs & Central Excise/ Central Excise.

Subject:        All Industry Rates of Duty Drawback, 2010-11 - Reg.

Sep 15, 2010

CUSTOM NOTIFICATION NO 93 ABOUT EXEMPTIONS DATED 14-09-2010

4:10 PM 0
CUSTOM NOTIFICATION NO 93 ABOUT EXEMPTIONS DATED 14-09-2010
[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II SECTION 3, SUB-SECTION (i) ]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
 
Notification No. 93 / 2010 – Customs
New Delhi, the  14th  September,2010


       G.S.R. 753  (E).  -- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the  Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be amended or further amended, as the case may be, in the manner  specified in the corresponding entry in column (3) of the said Table, namely :-

Sep 9, 2010

Custom Notification About Courier Regulations for the manual and the electronic mode

4:16 PM 0
Custom Notification About Courier Regulations for the manual and the electronic mode
Circular No. 33/2010-Customs

F. No.450/ 77 /2010-Cus.IV
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise & Customs
North Block, New Delhi
7th September, 2010
To

All Chief Commissioners of Customs / Customs (Prev.).
All Chief Commissioners of Customs & Central Excise.
All Commissioners of Customs / Customs (Prev.). 
All Commissioners of Customs (Appeals). 
All Commissioners of Customs & Central Excise.
All Commissioners of Customs & Central Excise (Appeals).


Subject: Courier Regulations for the manual and the electronic mode – regarding.

EXCISE CIRCULAR ON CLEAN ENERGY CESS DATED 08-09-2010

4:14 PM 0
EXCISE CIRCULAR ON CLEAN ENERGY CESS DATED 08-09-2010
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
******
New Delhi, the 8th September, 2010.

To
            Chief Commissioners of Central Excise (All),
            Chief Commissioners of Customs (All),
            Chief Commissioners of Central Excise & Customs (All),
            Director General of Central Excise Intelligence, New Delhi,
            Director General of Audit, N. Delhi,
            Director General of Revenue Intelligence, New Delhi.


Madam/Sir,

Subject: Levy of Clean Energy Cess – regarding

Sep 3, 2010

CUSTOM NOTIFICATION NO 90/2010 DATED 1 SEPTEMBER 2010

2:23 PM 0
CUSTOM NOTIFICATION NO 90/2010 DATED 1 SEPTEMBER 2010
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,    
SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

New Delhi, the 1st   September, 2010.

Notification No. 90 /2010 - Customs

CUSTOM CIRCULAR NO 32 ABOUT EXPORT OF SUGAR

2:20 PM 0
CUSTOM CIRCULAR NO 32 ABOUT EXPORT OF SUGAR
Circular  No. 32/2010-Cus.
F.NO.605/3/2009-DBK
Government of India
Ministry of Finance
Department of Revenue

New Delhi, the  31 st August, 2010.
To,

All Chief Commissioners of Customs, Central Excise, Cus. & Central Excise.
All Commissioners of Customs /Customs (P)
All Commissioners of Customs & Central Excise /Central Excise
All Director Generals of CBEC,
Chief Departmental Representative, CESTAT
         
Sir/Madam,

Sub: Export of sugar against Advance Authorizations issued from 17.2.2009 to 30.9.2009   Reg.