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*  Point of taxation rule is a new milestone *  FM raises concerns over lower tax collection, locked-up revenue *  Textile ministry to push cabinet for early fiber policy *  Economy up 8.8 pc in Apr-June, thanks to manufacturing *  'Port land will not be let out for warehouse' *  Volatility seen in market in final hours on Monday
*  Benefit of importing goods to India at concessional rate of duty extended to ASEAN member country “Myanmar” {See Customs Tariff Notification No. 87/2010-Cus in what’s new} *  Finance ministry slaps Rs 758 crore service tax notice on DDA *  Exemption from Safeguard duty and anti-dumping duty granted to materials imported against Advance Authorisation for Annual Requirement with actual user condition except in some cases {See Customs Tariff Notification No. 90/2010-Cus in what’s new} *  Agri. Infrastructure Incentive scrip issued u/VKGUY made freely transferable for import of Cold chain equipments amongst status holders and by units in Agri Park recognized by Ministry of Food Processing Industries {See Customs Tariff Notification No. 90/2010-Cus in what’s new} *  Benefit of exemption from customs duty extended to SFIS scrip holders on import of vehicles in the nature of professional equipment used in regular service business {See Customs Tariff Notification No. 90/2010-Cus in what’s new} *  AEPC calls for calibrated cotton exports, unveils Common Compliance Code *  No tax on transaction between overseas bank, India unit: CESTAT *  Customs authorities directed to ensure that no export of sugar takes place against raw sugar imported u/ Advance Authorisation Scheme from 17.02.2009-30.09.2009 without release order from Directorate of Sugar {See Customs Circular No. 32/2010-Cus in what’s new} *  Tariff Value of Brass Scrap increased to 3924 US$ per MT {See Customs Non-tariff Notification No. 78/2010-Cus(NT) in what’s new} *  FM regrets delay in GST bill despite his best efforts *  Food Ministry asks Custom Dept not to allow sugar export *  FM writes to House wings of parties, seeks views on GST *  To prove clandestine removal, private record recovered during raid to be corroborated by positive evidence also {See PJ/Case Laws/2010-11/19} *  Clearances of goods from DTA to SEZ unit without LUT and without payment of duty- penalty under Rule 27 of CER, 2002 correctly imposed {See PJ/Case Laws/2010-11/19} *  Laying of pipelines – not Erection, Commissioning & Installation service – No adverse order against Indian Hume Pipe Co. Ltd – to be followed {See PJ/Case Laws/2010-11/19} *  Service tax liability discharged by transporter instead of service receiver – Demand of service tax – waiver of pre-deposit and stay granted {See PJ/Case Laws/2010-11/19} *  Refund of service tax on CHA service - Sale on FOB value and place of removal was port – input service – refund allowed {See PJ/Case Laws/2010-11/19} *  Whether credit will be admissible on CHA service, Dry cleaning service, telephone service availed by assessee {See PJ/Case Laws/2010-11/19} *  Interpretation of exemption notification – Whether single bench of Tribunal has the jurisdiction {See PJ/Case Laws/2010-11/19} *  To avail benefit under Notification No. 12/03-ST, value of goods/material required to be shown separately in invoice {See PJ/Case Laws/2010-11/19} *  Construction activity before payment of full consideration and before completion certificate – Explanation added to Sec. 65 (105)(zzzh) by Finance Act, 2010 – challenged – interim relief granted by AP High Court {See PJ/Case Laws/2010-11/19} *  Machinery imported under EPCG scheme diverted under compulsion from designated destination on payment of duty – lenient view taken – fine reduced {See PJ/Case Laws/2010-11/19} *  Supplementary claim of Drawback- filed after delay of 20 days from prescribed time limit – whether can be sanctioned {See PJ/CASE STUDY/2010-11/19 in what’s new} *  SION fixed for “Porpylene” under Chemical & Allied Products Group {See Public Notice No. 07(RE-2010) in what’s new} *  Benefit of FPS extended to Finished Leather {See DGFT Public Notice No. 06(RE-2010) in what’s new} *  Exemption to imported goods for CWG available to Supplier/contractors/vendors or sub-vendors of OC, CWG or Prasar Bharti: Board Clarifies {See Customs Circular No. 31/2010-Cus in what’s new} *  State will lose Rs 6,000 cr under GST system: Acharya *  Govt allows arms, ammunitions imports for CWG sans permission *  Definite anti-dumping duty imposed on import of Acrylic Fibre from Japan & Belarus {See Customs Notification No. 85/2010-Cus in what’s new} *  Government clarifies regarding import of goods for common wealth games {See Customs Circular No. 31/2010-Cus in what’s new} *  Exchange rate for the month of September notified {See Customs Non-tariff Notification No. 77/2010-Cus(NT) in what’s new} *  Ban on export of wheat partially listed to allow export of 2 lakh tonnes to Bangladesh through PSUs M/s STC & M/s PEC Ltd {See DGFT Notification No. 04(RE-2010) in what’s new} *  Govt allows export of 3 lakh tons of non-Basmati rice to Bangladesh through PSUs M/s STC & M/s PEC Ltd {See DGFT Notification No. 03(RE-2010) in what’s new} *  No anti-dumping duty on import of Spandex Yarn (Elastomeric Yarn) under Notf. No. 15/2007-Cus, dated 20.02.2007 {See Customs Circular No. 30/2010-Cus in what’s new} *  DTC revenue shortfall can be made up only with GST *  SC tells telcos to submit call data records to Trai *  Centre urged to have re-look in export of certain raw materials *  Change GST model to get over constitutional impasse *  Providing new lease of life to Banarasi silk *  Govt not to reduce excise duty on Filter and Non Filter Cigarettes *  Sterlite evaded duty in copper waste exports: Customs *  EO for export of Silk (any form) under Advance Authorisation prescribed at 6 months from the clearance date of first consignment [See Public Notice No. 60 (RE-2009), dated 06.05.2010] *  Core Sector log 7.2% growth rate in March. *  The amendments to Finance Bill 2010 have been made by FM and Lok Sabha scheduled to pass Budget tomorrow.

We the practicing Chartered Accountant in India, engaged in providing a range of service relating to indirect taxation mainly relating Central Excise, Customs, Service Tax, Foreign Policy related matters to a large variety of clients and business.

A vigorous, lively, vital and enthusiastic team of Chartered Accountants ready to provide innovative services, based on local insights and global expertise in the field of INDIRECT TAXATION namely in the field of Central Excise, Service tax, Customs and DGFT.
Where the mission is providing all around consistent set of multidisciplinary tax, auditing services with quality and professionalism.
Where the vision is to exceed the expectations of our clients by extending our services and knowledge to climb the stairs of success at the top of their industry.
Where the Hard Work, Discipline and Client Care are the top most priority.

Where services relating with proper tax planning in the field of Indirect Taxation, Managing and Controlling their Internal systems through our effective Audit programs and assisting in complying various statutory laws and requirements in the field of Indirect Taxation namely-
  • Audit services for effective control system
  • Filing of Returns and Mantainence of records
  • Preparation to reply of Show Cause Notices
  • Preparation of written opinions
  • Registration, Assessment and miscellaneous departmental work.
  • Representing cases at the time of adjudicating proceedings.
  • Educating clients on the emerging issues and their compliance under service tax laws.
  • Analyse various schemes and their implementation in DGFT.
  • Membership with Export Promotion Council.
  • Export documentation and licensing.
  • Online filing of various Export Incentive Schemes.
  • Coming shortly with training programmes.

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