Corporate Updates – 04-03-2016


MCA has introduced a new LLP Front Office Service ‘Enter Form 3 or Form 3 & 4 details for LLP filing’. This service will enable users to insert relevant details of Form 3 or Form 3 & Form 4 (both) in case corresponding Form 3 & Form 4 (both) are pending for processing in the system. The LLP users who update the relevant details within the due date (i.e. 30 days of event date) of change through this service would be able to avoid additional fee.

CBEC – Excise:

The Central Board of Excise and Customs has notified the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016. These rules shall apply to a manufacturer who intends to avail of the benefit of a notification issued under sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) granting exemption of duty to excisable goods when used for the purpose specified in that notification. An un-registered manufacturer including manufacturers of exempted goods or non-excisable goods shall be eligible to avail the benefits of the provisions of these rules after taking registration under rule 9 of the Central Excise Rules, 2002. An applicant manufacturer shall provide an information in duplicate in the Form I to the jurisdictional Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise to avail the benefit. These rules shall come into force on and from the 1st day of April, 2016.

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