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Evaluating RoDTEP Scheme Extension to EOUs and SEZs
The government is currently assessing the financial viability of extending export benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to units located in export-oriented units (EOUs) and special economic zones (SEZs), according to official sources. While the proposal is under
CESTAT: Web Cameras Classified Under Chapter Heading 8473
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT) in Bangalore has made a significant ruling regarding the classification of web cameras under the Customs Tariff Act. In the case of M/s. Xiaomi Technology India Private Limited, the Tribunal held that web cameras are rightly
“High Court’s Tax Probe Decision: Balancing Subjectivity and Jurisdiction
In a recent ruling by the Honorable Allahabad High Court in the case of Mgs Palace v. State of Uttar Pradesh [Writ Tax No. 1390 of 2023 dated January 03, 2024], a significant legal principle regarding tax proceedings was highlighted. The court emphasized the subjective
“Tax Justice Prevails: Fairdeal Metals Exonerated”
In the legal case of Fairdeal Metals Ltd. versus the Assistant Commissioner of Revenue, State Tax, Bureau of Investigation (NB), the Calcutta High Court reached a decision regarding the responsibility for fraudulent Input Tax Credit (ITC) claims by a supplier. Fairdeal Metals Ltd., the petitioner,
Madras High Court Emphasizes Evidence in Tax Assessments
In a recent judicial pronouncement, the Madras High Court rendered a significant decision in the case of Ingram Micro India (P.) Ltd. v. State Tax Officer, highlighting the crucial importance of assessing authorities thoroughly considering evidence before reaching conclusions, particularly in matters concerning tax assessments.
“Punjab Excise Department’s Major GST Fraud Bust”
In a significant development, the Punjab Excise and Taxation Department, in collaboration with the Fatehgarh Sahib police, has apprehended a GST fraudster for fraudulently claiming Rs 3.65 crore in input tax credit (ITC). Punjab’s Finance, Planning, Excise, and Taxation Minister, Harpal Singh Cheema, disclosed that
Case against Karnataka CM stayed by SC
On Monday (February 19), the Supreme Court stayed proceedings in the criminal case against Karnataka Chief Minister Siddaramaiah, related to a protest march conducted by him in 2022 demanding the resignation of then Rural Development and Panchayat Raj Minister KS Eshwarappa. The Court also stayed
Development Rights are leviable to GST – Telangana High Court
Development Rights are leviable to GST – Telangana High Court M/s. Prahitha Constructions Private Limited, WP No. 5493 of 2020 A. Limited contentions of the Petitioner 1. Transfer of Development Rights of land by the land owners to the petitioner by way of a Joint
“GST Compliance in E-commerce: Recent Changes and Impact”
Navigating GST Compliance for E-commerce Entities: Recent Amendments and Implications In the rapidly evolving landscape of e-commerce, adherence to Goods and Services Tax (GST) regulations is paramount. Recent amendments, particularly regarding composite taxpayers working with e-commerce operators, have significant implications. Let’s delve into the specifics
Enhanced Reporting Guidelines for Customs Incidents and Arrests
Introduction Overview of the Central Board of Indirect Taxes and Customs (CBIC) Instruction No. 02/2024-Customs dated February 15, 2024. Emphasis on timely sharing of incident reports to enhance risk profiling and prevent smuggling. Historical Context Establishment of guidelines and formats for reporting arrests and incidents.
Delhi High Court Rules on Customs Act Appeal Period Calculation
In a recent ruling, the Delhi High Court has clarified an important aspect regarding the calculation of time periods under Section 28(9) of the Customs Act. The bench comprising Justice Sanjeev Sachdeva and Justice Ravinder Dudeja held that the period spent in the disposal of
DGFT Notice Expands Scrap Import Ports and PSIC Exemption
Introduction: The Directorate General of Foreign Trade (DGFT) issued Public Notice No. 43/2023 on February 14, 2024, introducing significant amendments to the Handbook of Procedures, 2023. These changes aim to facilitate the import of metallic waste and scrap by expanding the designated sea ports and