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Saturday 21 November 2015

Accounting code for payment of Swachh Bharat Cess


Circular No. 188/7/2015-ST
Dated the 16th November, 2015

F. No. 354/129/2015-TRU (Pt.)
Government of India
Ministry of Finance
Department of Revenue
(Tax Research Unit)
***
Dated the 16th November, 2015.
To 

 Principal Chief Commissioners of Customs and Central Excise(All)
Principal Chief Commissioners of Central Excise & Service Tax (All)
Principal Director Generals of Goods and Service Tax/System/CEI
Director General of Audit/Tax Payer Services,
Principal Commissioners/ Commissioners of Customs and Central Excise (All)
Principal Commissioners/Commissioners of Central Excise and Service Tax (All)
Principal Commissioners/Commissioners of Service Tax (All)
Principal Commissioners/Commissioners LTU/Central excise/Service Tax (Audit) 

Madam/Sir, 

Subject: Accounting code for payment of Swachh Bharat Cess - regarding.

Chapter VI of the Finance Act, 2015 has been brought into effect from 15th November, 2015 [notification Nos. 21/2015-ST, dated 6th November, 2015 refers]. Swachh Bharat Cess is leviable on all taxable services, other than services which are fully exempt from Service Tax or services which are otherwise not liable to Service Tax under section 66B of the Finance Act, 1994, at the rate of 0.5% [notification No.22/2015-ST, dated 6th November, 2015 refers]. 

2.   Accordingly, accounting codes have also been allotted by the Office of the Controller General of Accounts for the new Minor Head “506-Swachh Bharat Cess” and new Sub-heads as under:

Swachh Bharat Cess
(Minor Head)
Tax Collection
Other Receipts
(Interest)
Penalties
Deduct Refunds
0044-00-506
00441493
00441494
00441496
00441495

3.  All concerned are requested to acknowledge the receipt of this circular.

4.  Trade Notice/ Public Notice to be issued. Wide publicity through local news media including vernacular press may be given. Hindi version shall follow.

Yours faithfully,
(Abhishek Chandra Gupta)
Technical Officer (TRU)




Friday 20 November 2015

Notification No. 112/2015 – Customs (N.T.)



GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF EXCISE AND CUSTOMS)
Notification No. 112/2015 – Customs (N.T.)
Dated the 19th November, 2015

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of Excise & Customs No.106/2015-CUSTOMS (N.T.), dated 5th November, 2015, except as respects things done or omitted to be done before such supersession, the Central Board of Excise & Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and  Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 20th November, 2015, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.


SCHEDULE-I
Sl.No.
Foreign Currency
Rate of exchange of one unit of foreign currency equivalent to Indian rupees
(1)
(2)
(3)


(a)
(b)


(For Imported Goods)
(For Export Goods)
1.
Australian Dollar
48.00
46.80
2.
Bahrain Dinar
180.70
170.25
3.
Canadian Dollar 
             
50. 40
49.35
4.
Danish Kroner
9.60
9.35
5.
EURO
71.70
69.90
6.
Hong Kong Dollar
8.60
8.45
7.
Kuwait Dinar
223.90
211.65
8.
New Zealand Dollar
43.85
42.65
9.
Norwegian Kroner
7.75
7.55
10.
Pound Sterling
102.35
100.10
11.
Singapore Dollar
47.20
46.15
12.
South African Rand
4.80
4.55
13.
Saudi Arabian Riyal
18.15
17.15
14.
Swedish Kroner
7.70
7.50
15.
Swiss Franc
65.85
64.35
16.
UAE Dirham
18.55
17.50
17.
US Dollar
66.70
65.65












  SCHEDULE-II
Sl.No.
Foreign Currency
Rate of exchange of 100 units of foreign currency equivalent to Indian rupees
(1)
(2)
(3)


(a)
(b)


(For Imported Goods)
(For Export Goods)
1.
Japanese Yen
54.30
53.10
2.
Kenya Shilling
66.65
62.90






 [F.No468/01/2015-Cus.V]
(Kshitendra Verma)
Under Secretary to the Govt. of India