Name : S. Suryanarayana Address : 5-201,Deepthisrinagar Colony,Road No. 13, Madinaguda Village, Chandanagar, Hyderabad - 500 050 Telangana State, India Email : [email protected] Contact Numbers : +918008555166 & +917799506667 Profession : Advocate - presently practicing as an independent Consultant in Indirect Tax.( Central Excise,Customs,Service Tax,EOU,SEZ and Foreign Trade Policy (DGFT)on export incentives and other allied Acts like Medicinal & Toilet Preparation Act, Legal Metrology Act etc., Work Experience : 36 years of industrial experience in handling Indirect Taxation issues in various reputed Organizations in Pharmaceutical Industry. Retired as Director - Indirect Taxation from M/s. Dr. Reddy's Laboratories Ltd.,Hyderabad,India on 31.12.2015
Showing 1 to 1 of 1 Results
Issue Id: 109935
Dear Experts, Request your help to guide/provide your inputs on the subject. The details are .... The Deputy Commissioner of Customs (Prev.), ...
Read Full Issue Customs - Exim - SEZ
283 Replies on 175 Issues
Issue Id: 111469
Dear Experts,We have exported our goods in april 2016 under rebate claim of excise duty. we have received all claims and incentives from the ...
Read Full Issue Customs - Exim - SEZ
Issue Id: 111340
I want to ask whether service tax is applicable on liquidated damages. One of our clients have deducted the service tax on liquidated damages ...
Read Full Issue Service Tax
Issue Id: 111316
Dear expertWe are manufacture and multinational company. We export our products in foreign countries. To sell our products in European countries we ...
Read Full Issue Service Tax
Issue Id: 111293
Dear sir, we have received material various ch heading such as 28443090,90229090,90318000,73079990 with Basic Duty & SAD production still not ...
Read Full Issue Central Excise
Issue Id: 111285
Is it mandatory to have Bill of Export for SEZ supplies to claim duty drawback claim ?Request response citing case laws if any.
Other Topics
Issue Id: 111251
Dear Sir,We X are merchant exporter of Pharmaceutical products, our supplier Y claims the exports benefits against Advance license as per our ...
Read Full Issue Customs - Exim - SEZ
Issue Id: 111250
Is it mandatory to have MRP label on Import we do in India & Foreign countries ? Many of my clients import mobile cover from china and as the QTY ...
Read Full Issue Customs - Exim - SEZ
Issue Id: 111249
Dear sir ,We are manufacturing of Pharma product and recently ( before 6 Month ) , we got final Exit order from SEEPZ .We have already paid duty ...
Read Full Issue Customs - Exim - SEZ
Issue Id: 111244
Dear sir I am Darshit Patel from MANYA IMPEX Ahmedabad, Gujarat we are Murchant Exporter we have one Export order right now and going to buy goods in ...
Read Full Issue Central Excise
Issue Id: 111223
Sir,We cleared Rawmaterial as such to the other manufacturer in another state, shall we charge CST on this transaction or Not? Pls. reply.
VAT + CST
Issue Id: 111221
Dear Experts,Our rebate claim against exports has been rejected by the adjudicating authority. The appeal has to be submitted to the Commissioner ...
Read Full Issue Central Excise
Issue Id: 111218
Dear Sir, Semi finish goods can clear for performance testing under rule 16 (c) of central excise rules 2002 on returnable basis without payment ...
Read Full Issue Central Excise
Issue Id: 111217
Dear TeamThis is to inform if we are exporting the goods in one HS code and Importing country is maintaining the HS code in different HS code. ...
Read Full Issue Customs - Exim - SEZ
Issue Id: 111216
Per CENVAT Rule 2004, time limit for taking credit is one year from the the date on which the Invoice is received from the Supplier. Whether this one ...
Read Full Issue Service Tax
Issue Id: 111210
Dear All,If service provider/ manufacture is liable to pay service tax under reverse charge mechanisum, then he should discharge his liability in ...
Read Full Issue Service Tax
Issue Id: 111205
As per Para 6.08 (a), EOU unit may clear goods by paying concessional rate of duty upto the 90% of FOB value Export and Expected to Export of a ...
Read Full Issue Other Topics
Issue Id: 111182
Dear all Please tell me notification issued by central govt in persuance of power conferred under rule 9A of cenvat credit rules 2004 Thanks in ...
Read Full Issue Central Excise
Issue Id: 111176
Dear all ' Pls suggest can we take cenvat credit in capital item for ch heading 73-74 and electric cable Dg set and HDPF pipe for ...
Read Full Issue Central Excise
Issue Id: 111173
Dear All, Assessee availed benifit of Notification 1/2011 central excise dated 1/mar/2011 my doubt is "whether assessee can take ...
Read Full Issue Central Excise
Issue Id: 111165
Please let me know whether there is benefit under MEIS for deemed export under form H
Other Topics
Showing 1 to 3 of 3 Results
Sovereign regulatory fees: statutory inspection and approval charges should not attract reverse charge service tax, argues analysis.
Payments of fees to foreign regulatory authorities for inspections, approvals and registrations are statutory fees paid for sovereign functions and, in light of the Negative List and Board circulars, are not consideration liable to service tax under the reverse charge mechanism; departmental demands rely on Section 68(2) and a restrictive view of "government," while case law and policy explanations support exclusion, prompting a call for legislative or clarificatory amendment. (AI Summary)
Service Tax
Cenvat credit reform proposes monthly actual use reversals and seamless credit to cut compliance burdens and litigation.
Recommends comprehensive Cenvat credit reform: delete Sub Rule 3A of Rule 6 and adopt monthly reversal of actual credit attributable to exempted outputs with supporting workings; allow seamless credit on all duties and taxes for inputs, input services and capital goods; permit utilisation of accumulated education cesses for payment of excise/service tax; remove the one year time limit for availing credit; include loan licence/job work premises within the definition of unit; and enable transfer of credit between units of the same manufacturer. (AI Summary)
Budget - Tax Proposals
Withdrawal of CVD exemption on specified drugs increases import duty and changes Cenvat credit entitlement for manufacturers.
Notification No. 6/2016-Cus withdraws the CVD exemption on specified drugs by omitting items from Lists 3 and 4 of Notification No. 12/2012-Cus, obliging importers to pay CVD on imports made on or after the notification date. Concurrently, manufacturers must pay excise duty on clearances of those products from that date but are released from the procedural constraints of Rule 6 of the Cenvat Credit Rules, 2004 and may claim Cenvat credit on exclusive and common inputs and input services received on or after the date; proportionate credit on stocks and WIP may be claimed after departmental intimation and detailed computation. (AI Summary)
Central Excise
TaxTMI 
TaxTMI 
0
24 Feb 2016 
6 Replies 
18171 Views 
