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Circulars
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Appointing Common Adjudicating Authority
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Adjudication assignment transfers responsibility for specific service tax show cause notices to a designated commissioner for resolution.
The adjudication of two specified service tax show cause notices issued to M.R.K.R Construction and Industries Private Ltd is assigned to the Commissioner of Central Excise Hyderabad II, with file references and notice dates recorded in the annexed table and reporting relationships to the Commissioners of Central Excise Guntur and Hyderabad III noted; the transfer is communicated to the Chief Commissioner and DGCEI for administrative routing.
Appointing Common Adjudicating Authority
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Appointment of Common Adjudicating Authority assigns adjudication of numerous service tax show cause notices to a designated commissioner.
The Central Board of Excise and Customs, invoking statutory powers, assigns to Dr. Ram Niwas, Commissioner of Central Excise, Mumbai II, the adjudication of specified service tax show cause notices listed in the Table; entries 1-40 are answerable to Commissioner of Service Tax I Mumbai and entries 41-100 are answerable to Commissioner of Service Tax II Mumbai.
Suspension of SIONs.
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Suspension of SIONs under Foreign Trade Policy powers; specified SION entries suspended via Public Notice by trade authority.
The Directorate General of Foreign Trade, invoking Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of the Handbook of Procedures (Vol. I), issues a Public Notice suspending SION A1143, A1170, A3627 and K134, thereby removing those specified SIONs from operative effect pending further action.
Regarding filing of Stock Statement
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Stock statement filing requirement amended; separate Stock 1 filing year corrected to 2011 12 in VAT circular.
The requirement for filing of the Stock 1 statement is amended: the year for separate filing in Circular No. 19 of 2013 14 should be read as 2011 12 instead of 2012 13, with all other contents of that circular remaining the same.
Regarding filing of Stock Statement.
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Stock statement filing: separate online Stock I withdrawn; file stock statement in annexure with quarterly return.
The department withdraws the need for separate online filing of the Stock I statement for 2013-14 by requiring the stock statement to be filed in the designated annexure with the second quarter VAT return, while the separate Stock I filing requirement for 2012-13 remains in force.
Request of Federation of Indian Chambers of Commerce and Industry (FICCI) for reduction of time period from 90 days to 30 days for settlement of rebate claims on exports – reg.
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Rebate claim settlement timeframe urged to be shortened, with prompt processing and monitoring to reduce delay and interest exposure.
Field formations are directed to ensure rebate claims that are complete in all respects are disposed of within thirty days of receipt, except those requiring preaudit, which should be processed expeditiously; Chief Commissioners must put in place a monitoring mechanism to ensure compliance and to minimize delays that could lead to interest becoming payable under the statutory outer limit.
Export Outstanding Statement (XOS) Online Bank wide Submission
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Export Outstanding Statement online submission: bank wide reporting with nodal branch designation and FEMA based compliance.
XOS reporting will move from branch wise to an online, bank wide submission; AD Category I banks must designate a Nodal Branch to upload consolidated XOS data in CSV format to the RBI server using allotted User IDs and passwords. Banks should implement required infrastructure, test uploads by sending sample test data for RBI feedback, and follow the Bank User Manual. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
Clarification on the commencement of the interest free period of 90 days under Section 61 of the Customs Act, 1962 – Reg.
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Interest-free period for warehoused goods begins on deposit, with interest accruing after the statutory period.
The 90-day interest-free period for warehoused goods begins on the date of deposit of goods in the warehouse; interest is chargeable only if goods remain beyond that period and accrues from the expiry of those ninety days until payment of duty under section 15, and implementation difficulties may be reported to the Board.
Amendment in the description of Import Item No. 2(b) of SION H – 427 of Plastic Product Group.
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Import item description amendment replaces monomer term with polymer term, clarifying coating material and keeping quantities unchanged.
Import Item No. 2(b) description is amended to replace "Aqueous Dispersion of Vinylidene Chloride (Total solid content 60+/-1%)" with "Aqueous Dispersion of Polyvinylidene Chloride (Total solid content 60+/-1%)", reflecting that the polymer, not the monomer, is used for coating; export product descriptions, other import items and permitted import quantities are unchanged.
Filing of online return for 2nd quarter of 2013-14 - extension of period thereof.
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Extension of online VAT return filing: new deadlines set for DVAT-16/DVAT-17 and DVAT-56; payment rules unchanged.
The Commissioner, under Rule 49A of the Delhi VAT Rules, 2005, extends the last dates for online filing of second-quarter returns in Form DVAT-16 and DVAT-17 with required annexures and for submission of hard-copy acknowledgement Form DVAT-56, prescribing distinct deadlines by gross turnover bands for 2012-13; tax remains payable as per the payment provisions of the Delhi Value Added Tax Act, 2004.
Extension of Income Tax Office Hours On 30th September 2013.
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Extension of office hours to facilitate manual filing of Report of Audit and taxpayer compliance with filing instructions.
All Income Tax Offices were ordered to remain open until 8:00 p.m. on 30 September 2013 to enable taxpayers to manually file the Report of Audit for assessment year 2013-2014, as a facilitative administrative directive implementing the CBDT's earlier instruction.
Extension of Due Date for Filing of Returns in cases of Income Tax assessees in the state of Gujarat.
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Due date extension for income tax returns in Gujarat under Section 119 after floods, allowing affected assessees additional time to comply.
Order under Section 119 extends the due date for filing returns of income for assessees in the State of Gujarat affected by heavy rains and floods; the extension applies to those liable to file by the original due date and departmental publicity and circulation to tax offices and professional bodies are directed to facilitate compliance under the adjusted timeline.
To receive dues only through the portal of Department of Trade and Taxes
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VAT payment portal required: notified banks must accept VAT dues only through the department's online challan system.
All notified banks designated as appropriate government treasuries must accept Value Added Tax dues exclusively through the Department of Trade and Taxes' online portal using the department's challan module; banks must discontinue receipt of VAT payments via their own websites or other modes and comply with the Department's directive issued by the Joint Commissioner (Collection).
Amendment to bye-laws of recognised stock exchanges with respect to non-compliance of certain listing conditions and adopting Standard Operating Procedure for suspension and revocation of trading of shares of listed entities for such non compliances
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Trading suspension procedure: fines as first resort, suspension on consecutive defaults and freezing of promoter shareholding.
Recognised stock exchanges must impose fines as the first remedy for specified listing-condition breaches and reserve suspension of trading for subsequent or consecutive defaults, adopt a uniform fine schedule and SOP in their bye-laws, and coordinate with depositories to freeze or unfreeze promoter and promoter-group shareholdings upon exchange intimation; exchanges must monitor compliance, publish enforcement actions, create a trade-for-trade category for repeated defaults, and follow specified notice, cure and revocation timelines.
Simplification of registration requirements for Stock Brokers
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Single registration for stock brokers requires exchange approval for additional segments and streamlines fee and compliance obligations.
SEBI requires a single registration per stock exchange or its promoted clearing corporation; new applicants apply through the exchange or clearing corporation to obtain a unique registration number, and entities already registered in any segment need only obtain exchange or clearing-corporation approval to operate in additional segments. Exchanges and clearing corporations must ensure applicants meet the Fit and Proper Criteria, verify corrective actions for past deficiencies, recover outstanding dues, may inspect, and apply fees for additional segments as per the Broker Regulations. Exchanges must amend bylaws, disseminate the changes and report implementation to SEBI.
External Commercial Borrowings (ECB) Policy –Refinancing / Rescheduling of ECB
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Refinancing at higher all-in-cost for external commercial borrowings is discontinued; lower-cost refinancing options remain available.
Eligible borrowers are no longer permitted to raise fresh ECB at a higher all-in-cost to refinance or reschedule existing ECBs with effect from October 1, 2013; the option to refinance by raising fresh ECB at a lower all-in-cost, provided the outstanding maturity of the original ECB is maintained or extended, continues under the automatic and approval routes, and all other ECB policy provisions remain unchanged.
External Commercial Borrowings (ECB) Policy — Review of all-in-cost ceiling
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All-in-cost ceiling for External Commercial Borrowings maintained, ECB policy otherwise unchanged; banks to notify customers.
Continuation of the all-in-cost ceiling for External Commercial Borrowings is directed, keeping the previously specified ceiling applicable until review, with all other aspects of the ECB policy unchanged; Authorized Dealer Category-I banks must notify constituents and customers. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are subject to any other statutory permissions or approvals.
External Commercial Borrowings (ECB) Policy – ECB proceeds for acquisition of shares under the Government’s disinvestment programme of PSUs - Clarification
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External Commercial Borrowings allowed for acquisition in multiple rounds of government PSU disinvestment, subject to existing approvals.
ECB proceeds may be used for acquisition of PSU shares in all subsequent stages of the Government disinvestment programme; ECB facility is available for multiple rounds of disinvestment. Authorised Dealer Category I banks should inform their constituents; the directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and do not affect other statutory permissions.
Trade Credits for Imports into India – Review of all-in-cost ceiling
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All-in-cost ceiling for trade credits maintained, remaining applicable until scheduled review; other trade-credit rules unchanged.
The circular directs that the all-in-cost ceiling applicable to trade credits for imports shall continue until March 31, 2014 and be subject to review; all other Trade Credit policy provisions remain unchanged, AD Category I banks must inform constituents, and the directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
Order under Section 119 of the Income-tax Act 1961
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Relaxation of electronic audit report filing permits manual submission to assessing officer, subject to later mandatory electronic upload.
CBDT temporarily relaxes the electronic submission mandate for the Report of Audit: taxpayers unable to upload may furnish the audit reports manually to the jurisdictional Assessing Officer within the prescribed due date, provided the same report is uploaded electronically by the final cutoff date.

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Circulars

Processing of refund applications filed by Canteen Stores Department (CSD).

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Refund entitlement for CSD: invoice-based GST refund procedure and inter-authority payment coordination instituted.
CSD refunds are invoice-based entitlements of fifty per cent of tax on inward supplies made subsequently to unit run canteens or authorized customers and ... Summary

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Acts Income Tax