Highlights

TaxCorp News 
Pr Secretary to PM chairs meeting on air pollution in Delhi-NCR
Goyal attends series of meetings on first day of Australia visit
IPEF partners commit to continued progress at virtual Ministerial Meeting
EC reviews poll preparedness for assembly elections in Jharkhand
Centre forms panel for Repairability Index in Mobile and Electronics Sector
SC disposes off 573 direct tax cases based on revised monetary limit
Goyal inaugurates Invest India's Singapore Office
India attends IPEF Supply Chain Council meeting at Washington DC
RM formally inaugurates Sainik School, Jaipur
National Electricity Plan 2023 to 2032 for Central and State Transmission Systems finalised
FM goes on official visit to Uzbekistan; to ink BIT
Department of Commerce focuses on streamlining processes for exporters
ARIES, BEL ink MoU for Space Situational Awareness
Adopting LiFE globally to reduce carbon emissions by 2 bn tonnes by 2030: India
GeM announces drastic reduction in transaction charges
EY employee's death: NHRC takes suo motu cognizance
Vivad Se Vishwas Scheme offers lesser settlement amounts for new appeallant
Goyal to participate in 21st ASEAN-India Economic Ministers meeting
RM flags-in Open Water Swimming Expedition to 21 Islands of Andaman & Nicobar
DFS drives expansion of digital payments in India and abroad
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ITAT : Mumbai ITAT Affirms Morgan Stanley Mauritius' Right to Selectively Apply Tax Provisions Under the India-Mauritius DTAA and the Income Tax Act

ITAT : Patna ITAT Declares Levy of Penalties Invalid due to Lack of Prior Satisfaction by AO and Failure to Meet Statutory Requirements

ITAT : Delhi ITAT Rules Interconnectivity Charges as Business Income, Upholding Taxation Principles Under India-Oman DTAA

HC : Karnataka High Court Reverses Single Judge Ruling on Income Tax Exemption for Compensated Land Acquisition

ITAT : Tax Benefits Affirmed for Austrian Assessee under India-Austria DTAA: ITAT Rules on Software License Income and Tax Residency Evidence

HC : Religious and Charitable Trust Benefits Affirmed: Bombay HC Upholds Exemption Claims Under Section 115BBC(2)(b)

ITAT : Mumbai ITAT Affirms CIT(A) Order on Maximum Marginal Rate for Discretionary Trust, Reinforcing Legal Interpretation of Taxation Policies

ITAT : Substantial Justice Prevails: Mumbai ITAT Condones Delay in Appeal Process for AY 2018-19 Assessment

ITAT : Hyderabad ITAT Upholds Assessee's Claim for Foreign Tax Credit Despite Delayed Filing of Form 67

ITAT : Mumbai ITAT Declares Late Filing Fees Under Section 234E Non-Applicable to Prior Assessment Years, Upholding Prospective Nature of Legislation

ITAT : Bandwidth Charges Not Royalty: ITAT Ruling in Bharti Airtel Case

ITAT : Chennai ITAT Overturns PCIT’s Revisionary Order Under Section 263 for Lack of Evidence of Income Misreporting

HC : Madras HC Upholds Revenue’s Stand: Advance Amounts from Annual Maintenance Contracts Taxable upon Receipt

ITAT : Delhi ITAT Rules That Transactions With Wholly Owned Subsidiary Do Not Constitute Loan: Revenue’s Appeal Dismissed

ITAT : Bangalore ITAT Overturns CIT(A) Ruling: Appeal Dismissal Based on Advance Tax Misinterpretation Found Erroneous

HC : Delhi High Court Upholds ITSC's Discretionary Grant of Immunity from Prosecution for Assessee under Section 245H

ITAT : No Notional Interest Taxation on Charitable Advances: Jaipur ITAT Rules in Favor of Assessee

HC : Delhi High Court Overturns Reassessment Notices, Emphasizing Limitation Periods Under Old Regime

ITAT : Software Service Receipts Not Taxable as FIS: Delhi ITAT Rules in Favor of Assessee

HC : Madras HC Clarifies Revenue's Recourse Obligations Post-Insolvency of Assessee, Quashing Assessment Orders

ITAT : Rajkot ITAT Declares No "Transfer" in Share Allotment During Amalgamation; Upholds CIT(A)'s Deletion of Excess Consideration Addition

HC : Judicial Scrutiny on Faceless Reassessment: Delhi HC Upholds Validity Against Assessees' Challenge

HC : Delhi HC Upholds Revenue’s Authority to Initiate Reassessment Under Section 147 Despite Deficiencies in Section 153C Invocation

ITAT : Delhi ITAT Rules in Favor of Assessee, Upholding Non-Taxability of Digital Security Services under India-US DTAA

ITAT : Arbitration Award Compensation Considered Business Income by Delhi ITAT

ITAT : Denial of Foreign Tax Credit Unsustainable Despite Procedural Delays in Form Submission

HC : Madras HC Reviews Reassessment Proceedings, No Link Established Between Allegations and Assessee

SC : Landmark SC Ruling Exonerates HDFC Bank Officials in Inadvertent Error Saga

ITAT : Free Import of Testing Assets by Samsung R&D Doesn't Constitute Income

HC : Punjab and Haryana HC Nullifies Assessment Order due to Denial of Personal Hearing Rights for Assessee

HC : Allahabad HC Overturns Dismissal of Assessee's Appeal, Emphasizes Alternative Remedies Under CGST Act

HC : Delhi HC Quashes Rejection of Swachh Bharat Cess Rebate for Energy Giant ExxonMobil

CESTAT : CESTAT Mumbai Allows Refund of CENVAT Credit on Service Tax Paid for Cancelled Residential Flats, Citing Precedent in Persipina Developers

HC : Bombay HC Upholds Public Notice Conditions on FOB Values for Preferential Trade Agreement Imports

CESTAT : CESTAT Kolkata Upholds Rejection of Application for Special Rate of Duty Due to Time Bar

HC : Bombay High Court Overrules Dismissal of VAT Appeal for Non-Prosecution, Emphasizing Statutory Priority of Appeal Procedures

HC : Gujarat High Court Upholds CGST Section 17(2) Validity, Rejects Refund Claim for ITC on Exempt Educational Services

CESTAT : CESTAT Mumbai Affirms Service Recipient's Right to File Refund Claims Locally, Overruling Previous Jurisdictional Restrictions

CESTAT : CESTAT Bangalore Rules 'Zero Air' Classified as 'Synthetic Air', Affirming Tax Obligations under CETA

CESTAT : CESTAT Kolkata Upholds Rs 30 Lakh Drawback Demand Against Merchant Exporter for Misdeclaration of Origin

CESTAT : CESTAT Ahmedabad Highlights Procedural Irregularities in Rs. 156 Crore Duty Demand Against Gutka Manufacturer and Remands Case for Review

CESTAT : CESTAT Ahmedabad Overturns Rejection of Export Proof, Upholding Original and Duplicate Invoices as Sufficient Evidence

HC : Bombay High Court Overturns Customs Confiscation of Renowned Artworks, Citing Flawed Reasoning and Personal Bias

AAR : Rajasthan AAR Clarifies GST Rates for Construction Services Under Real Estate Projects: Affordable vs. Non-Affordable Housing

AAR : Rajasthan AAR Rules: Slaked Lime with Less than 98% Purity Subject to 5% GST, Classifiable under CTH 25222000

HC : Bail Granted to Director of Manpower Service Company Amidst GST Investigation by Gujarat High Court

HC : Bombay High Court Overturns Dismissal of Appeal Due to Unauthorized Signatory Issue, Stresses Importance of Fair Hearing

HC : Bombay High Court Invalidates CGST Authority's Cancellation of GST Registration Due to Lack of Natural Justice Principles

AAR : Dried Softy Ice-Cream Mix Classified Under 18% GST: Rajasthan AAR's Key Determination

CESTAT : CESTAT Chennai Rules Refund of CENVAT Credit on Service Tax Paid under RCM is Valid Post-GST Implementation

CESTAT : Vodafone Idea Prevails in CESTAT Ruling: CENVAT Credit on Input Services Upheld, Demand of ₹70.4 Crores Quashed

HC : VAT Liability on Royalty Payments Declared Unjustifiable by Bombay High Court: A Critique of Flawed Assessment Processes

HC : Delhi HC Addresses GST Demand on Salary Payments to Seconded Employees, Reinforcing Circular Guidelines on Manpower Supply Services

HC : Kerala High Court Strikes Down Rule 96(10) of IGST Act as Unconstitutional, Protects Refunds from October 23, 2017, to October 08, 2024

HC : Madras HC Strikes Down ITC Reversal Notices for MRF, Upholds Broad Access to Input Tax Credits on Capital Goods Amid Interstate Sales

HC : Legal Crux of Bombay HC Ruling: Payment of Interest on Delayed Refund of Special Additional Duty Affirmed

HC : Bombay HC Upholds Parle's Rebate Claim on Export of Biscuits Against Revenue's Reversal

HC : Bombay HC Rules Against Joint Commissioner's Jurisdictional Overreach in MVAT Settlements

CESTAT : CESTAT Allahabad Overturns Confiscation of Goods and Seizure of Vehicles: Jurisdictional Shortcomings Laid Bare

CESTAT : CESTAT Ahmedabad Upholds Concessional Duty for Sun Pharma on Spent Solvent Categorized as Scrap

Income tax - Writ - Sections 143(3), 144C - Draft Assessment Order Mistakenly Labeled—High Court of Delhi Interprets Inadvertent Error - The High Court has established that inadvertent errors in classification do not invalidate the content and intent of an order. It is imperative for assessees to carefully review the substantive elements of any assessment order independently of its heading. Clear communication from the AO resolving any misconceptions is critical and must be heeded by the recipient.

Income tax - Sections 144B, 263 - ITAT-Delhi Decision on Revisionary Assessment: Issues of Inadequate Inquiry Raised - In light of the ITAT's ruling, it is imperative for assessing officers to rigorously document inquiries undertaken during assessments, especially in cases involving substantial adjustments. For taxpayers, this underscores the necessity of maintaining clear and concise records, irrespective of whether claims for deductions such as bad debts or share-based compensations are made. The action taken by the PCIT was quashed, reinforcing the view that revisionary powers must not extend into areas where sufficient inquiry has been established.

Income Tax: Sections 71(3)(b), 90(2), 10(34), 166(d) - Tax Residency Certificate Validates Treaty Benefits: ITAT Rules on Capital Gains Tax Exemption for FPI Based in Mauritius - In light of this decision, entities structured similarly to the assessee, which possess a Tax Residency Certificate from Mauritius, should ensure rigorous compliance with the operational and management stipulations to leverage treaty benefits effectively. It is imperative that firms maintain substantive control over their management from Mauritius while adhering to regulatory requirements, thus safeguarding themselves against local taxation on capital gains accrued from investments managed under the Mauritius umbrella prior to the cited cut-off date.

Income Tax - Sections 144B, 144C, 148 - Tribunal Rules that Final Assessment Without Draft Order is Null and Void for Non-Resident Assessee - This ruling underscores the critical importance of compliance with procedural requirements set forth under the Income Tax Act, particularly concerning the issuance of draft orders in re-assessment scenarios. The Tribunal's decision is actionable in nature as it clarifies that non-compliance will result in orders being rendered null and void, thereby providing significant protection to eligible assessees against potential procedural oversights by tax authorities.

Royalty Payments to Associated Enterprises: ITAT Declares Transfer Pricing Adjustments Re-evaluated on Identical Grounds - The ITAT's decision demonstrates a recognition of procedural fairness and due diligence as necessary components of transfer pricing assessments. The Tribunal's order indicates that taxpayers must be afforded the opportunity to substantiate their positions, particularly when prior assessments have led to consistent issues. Moving forward, the appellant should ensure that thorough and transparent benchmarking studies and alternate methods, like TNMM, are prepared and presented during the assessment process to support claims surrounding royalty payments.

Income Tax - Sections 92CA, 144C - ITAT Holds Export Commission Deduction Valid, Upholds CIT(A) Decision in KDDL Case - The current decision illustrates the importance of maintaining consistency in tax assessments and decisions related to transfer pricing. Taxpayers can derive actionable insights from this case, emphasizing the necessity of documenting and presenting consistent and well-substantiated arguments when claiming export commission deductions.

High Court of Delhi Rules on Transfer Pricing: Functional Dissimilarity Validates Exclusion of Comparables - This decision underscores the principles governing transfer pricing, particularly the necessity of functional similarity when determining comparable entities for ALP benchmarking. Taxpayers must rigorously analyze their operational functionalities in relation to potential comparables. The court's affirmation of the exclusion of functionally dissimilar entities signals an actionable pathway for firms aiming to fortify their transfer pricing studies under scrutiny by tax authorities. Taxpayers are thus prompted to meticulously document the functional profiles of their operations and those of potential comparables to ensure compliance with ALP requirements.

Income Tax: Sections 69A, 132, 153A, 153C - ITAT-Delhi Overturns Proceedings Under Section 153C, Citing Inadequate Jurisdiction and Lack of Incriminating Evidence Against NRI Assessee - The ITAT's ruling underscores the importance of sufficient inquiry and evidence before initiating tax proceedings against individuals based on assumptions or third-party information. The decision emphasizes the need for AOs to provide clear, incriminating evidence directly related to an assessee’s income before alleging tax evasion or manipulation.

Income Tax - Sections 143(3), 144C(13) - Assessee's Business Receipts from Non-Exclusive Distributor Not Subject to Indian Taxation - The ITAT's ruling highlights critical issues regarding the definition of Permanent Establishment and the taxability of business receipts in India as per international tax treaties. Entities engaging in similar cross-border transactions should be keenly aware of their classification of distributors and agents against existing treaties, ensuring that they adequately demonstrate the nature of their agreements to prevent unwarranted taxation.

Income Tax - Sections 263, 92CA - Transfer Pricing Orders and the Revisionary Jurisdiction of the Principal Chief Commissioner - Based on the ruling by the ITAT Chennai, it is now clear that only a Principal Chief Commissioner, Chief Commissioner, or Commissioner can rightfully exercise revisionary authority over transfer pricing orders issued by TPOs. Consequently, any revisionary actions taken by other authorities, such as a PCIT lacking such jurisdiction, are invalid and likely to be quashed. Assessees should ensure that any notices or orders they receive regarding revisionary proceedings under Section 263 are scrutinized for authority legitimacy to avoid future litigation.

Income tax - Sections 239 - Delhi High Court Rules Against Short TDS Credit by Revenue Authorities, Upholds Tribunal’s Direction - The judgment delivered by the Delhi High Court underscores the necessity for tax authorities to respect and implement Tribunal orders regarding TDS credits. This case establishes that taxpayers have a right to receive TDS credits reflective of tax deducted at source, irrespective of claims made in income tax returns, signifying the importance of adherence to statutory directives over procedural technicalities. Moreover, the ruling imparts a clear actionable direction that all Assessing Officers must comply with the findings of the Income Tax Appellate Tribunal when determining TDS credits.

Income Tax - Sections 9(1)(vii), 142(1), 143(2), 263 - Delhi High Court Rules on Income Tax Reassessment: Assessee Granted Opportunity to Contest Claims of Permanent Establishment in India - The High Court's ruling brought clarity to procedural requirements for invoking powers under Section 263 of the Income Tax Act. It is imperative for tax authorities to adhere strictly to principles of natural justice, ensuring that the assessee is given an adequate opportunity to contest any allegations levelled against them regarding tax liability, especially concerning claims of PE and the commercial substance of their operations. Assessors should implement these judicial insights in subsequent examinations of cross-border tax implications to ensure comprehensive and fair assessments.

Delhi High Court Rules on ALP Determination: Excludes Functionally Dissimilar Comparables in Cadence Design Systems Case - The Delhi High Court's decision effectively clarifies the standards by which companies are assessed for comparability in determining Arm's Length Pricing. By excluding TCS E-Serve International Ltd., TCS E-Serve Limited, and Infosys BPO Limited from the ALP analysis, the court reinforces the importance of functional similarity in transfer pricing assessments. This judgment is actionable for entities undertaking international transactions, as it underscores the necessity for a rigorous comparability analysis to ensure fair and equitable tax treatment.

Delhi High Court Upholds ITAT Ruling on Goodwill Write-off and ALP Determination in Favor of eSys Information Technologies - In light of the Delhi High Court's decision to uphold the ITAT's ruling, it is imperative for taxpayers involved in asset acquisition and goodwill allocation to ensure that they maintain comprehensive documentation justifying the business purpose of any claimed goodwill write-off. Future claims for depreciation on goodwill should be meticulously substantiated by linking them to the tangible and intangible assets utilized for business operations. This proactive approach could mitigate risks during assessments and provide a robust foundation for claims on intangible assets.

Income Tax - Sections 144C(13), 44BBB - ITAT Overturns Taxation of Offshore Supply Receipts: No Business Connection Established in India - In light of the ITAT’s ruling, it is imperative for foreign companies engaging in offshore supplies to critically assess their operational presence in India. As established in this case, a clear absence of business connection or PE significantly reduces tax liability, thus reaffirming the necessity for thorough tax diligence. This decision serves as a benchmark that foreign entities, especially those involved in similar offshore transactions, can refer to in determining their tax obligations within India. Businesses should engage in proactive tax planning to document their operations, ensuring that they clearly delineate their activities and connections to Indian entities.

Income Tax - Sections 139(4), 144(3) - ITAT Rules Against Taxing Non-Resident Assessee's Income as Fees for Technical Services Due to 'Make Available' Requirement Not Met - The ITAT’s decision underscores the importance of the 'make available' criterion in classifying income as FTS under the DTAA. For companies operating cross-border services, particularly non-resident entities, this decision acts as a clarion call for stringent compliance with the provisions of the tax treaties in place. Additionally, it reaffirms that income not constituting business in India cannot be taxed under the Indian Income Tax Act if there is no PE established.

Income Tax - Sections 142(1), 143(2) - Non-Resident Assessee Successfully Establishes Tax Exemption for Salary Earned Abroad - In light of this decision, it is essential for non-resident assessees to meticulously document income earned abroad and ensure they possess all requisite evidence, such as salary certificates and employment proofs, to substantiate their claims of tax exemptions in India. Adequate documentation can significantly influence the outcome of scrutiny proceedings conducted by the tax authorities, thereby facilitating compliance and mitigating tax burdens.

Income Tax: Sections 12(3), 12(4)(a), 12(4)(b) - Software Supply Receipts Not Taxable as Royalty or FIS: ITAT Delhi Delivers Landmark Ruling - In light of the judgment rendered by the ITAT, it becomes evident that income received by the Appellant from the supply of software updates and on-call support services does not qualify for taxation as either royalty or as FIS under the India-USA DTAA. This underscores the necessity for taxpayers dealing with similar circumstances to ensure that their income streams are appropriately classified and documented to avoid unwarranted tax burdens.

Income Tax: Sections 40(a)(ia), 145A - ITAT-Ahmedabad Overturns TPO's Rejection of Intra-Group IT Consulting Charges, Emphasizing Evidence of Service - The ITAT's decision reignited focus on the importance of maintaining precise and comprehensive documentation related to intra-group services. Assessees must rigorously validate the necessity and actual provision of services to ensure compliance with both statutory regulations and OECD guidelines. The Tribunal's ruling stresses the imperative for tax authorities to substantiate any claims of non-rendered services with coherent evidence, rather than purely speculative assertions about the nature or cost of services rendered.

Tribunal Overrules Turnover and Functional Similarity Metrics in Transfer Pricing Dispute for Automotive Component Manufacturer - The Tribunal's decision underscores the importance of methodological rigor in comparability analyses under transfer pricing regulations. To align with legal precedents, it is crucial for tax professionals engaged in similar assessments to thoroughly evaluate turnover and functional dissimilarity metrics. The remand for delving into working capital adjustments also highlights the necessity of maintaining comprehensive documentation to support valuation claims effectively.

Majority Shareholder Vindicated: Tribunal Deems Director Actions as Oppressive and Misleading - The decision rendered by the Tribunal underscores the importance of transparency and the adherence to corporate governance principles within the operational mechanisms of a company. The ruling reinforces that minority shareholders must be safeguarded against manipulative actions that aim to dilute their influence unjustly.

Tribunal Rules Against Petitioner in Oppression and Mismanagement Claim - The Tribunal ultimately dismissed the petition, reinforcing the principle that shareholders must approach legal forums with transparency and integrity. The key takeaway from the Tribunal's decision is the emphasis on the criterion of ‘acting with clean hands’ when pursuing claims of oppression and mismanagement under corporate law. Future petitions similar in nature must ensure credible affirmations of authenticity and propriety in their claims, particularly focusing on the accuracy of self-representation and the procedural adherence of all parties involved.

Court Denies Petitioner's Request for Company Name Change over Trademark Dispute Involving 'Panchhi' - In light of the Court's ruling, it is imperative for entities involved in trademark disputes to seek resolution within the appropriate legal frameworks dedicated to intellectual property rights rather than attempt to navigate these issues under the corporate nomenclature provisions of the Companies Act. For the parties involved, as acknowledged in the decision, acknowledgment of the need for a dedicated and proper forum for their disputes may facilitate a more definitive resolution regarding ownership and usage rights of the contested trademark 'Panchhi'. Going forward, parties should seek comprehensive legal advice to delineate their intellectual property rights clearly and avoid jurisdictional pitfalls.

NCLT Approves Joint First Motion Application for Amalgamation While Dispensing with Creditors' Meetings - The decision of the NCLT to permit the amalgamation while dispensing with the creditors' meetings signals a progressive interpretation of the Companies Act, 2013. This ruling emphasizes the Tribunal’s commitment to facilitating corporate restructuring processes while ensuring compliance with statutory requirements and stakeholder engagement standards. Companies seeking amalgamation should note the Tribunal's willingness to accommodate innovative meeting formats, which could streamline future processes, potentially enhancing operational efficiencies.

NCLT Mumbai Resolves Deadlock in Shareholder Dispute through Valuation - Based on the NCLT's resolution of this deadlock, it is imperative for companies with similar shareholding structures to establish comprehensive and transparent agreements on profit-sharing, remuneration, and corporate governance. The Tribunal's decision emphasizes the importance of having agreed upon valuation methods and transparent reporting to avoid potential conflicts that could hinder company operations. Shareholders are advised to proactively implement compliance frameworks to prevent entrenchment of disputes that escalate to the extent witnessed in this case.

Jurisdiction of Tribunal Limited in Oppression Claims: Non-payment of Salary Not Grounds for Mismanagement - The decision underscores the importance of clear evidence and the distinction between various legal contracts and frameworks governing corporate and employment relationships. Therefore, stakeholders alleging oppression or mismanagement must ensure their claims are substantively supported, as failure to do so may lead to dismissal, as seen in this case. Companies must rigorously document financial transactions and maintain transparent practices to protect against claims of mismanagement.

Sections 241, 242, of the Companies Act, 2013 - Legal Crux of NCLT Decision: Oppression and Mismanagement Allegations Dismissed - This decision underlines that for allegations of oppression and mismanagement to succeed under Sections 241 and 242 of the Companies Act, there must be substantial evidence demonstrating that the actions taken by majority shareholders are not merely strategic business decisions but instead designed to undermine the rights of minority shareholders.

Section 98 of the Companies Act, 2013 - National Company Law Tribunal Ruling: Liquidation Of Holding Company Affirms Rights Of Investors And Shareholder Meeting Authority - In light of the NCLT's decision, it underscores the importance of understanding cross-jurisdictional legal authority, especially concerning liquidation proceedings. Companies are advised to ensure compliance with arbitral awards and investor agreements to avoid administrative and judicial challenges in the future. The ruling empowers liquidators with critical functions, enhancing their ability to uphold creditors' rights even amid cross-border operations.

Tribunal Addresses Claims of Oppression and Mismanagement in Shareholding Dispute - In light of the tribunal's decision, it is crucial for shareholders to maintain meticulous records of all agreements, share transfers, and participation in board meetings. The implications of inadequate record-keeping or failure to contest acknowledgments in a timely manner can lead to significant financial liabilities. Upon adherence to the tribunal's mandates, shareholders can safeguard their rights effectively by ensuring transparent transactions and consistent documentation practices throughout their corporate engagements.

Section 241 of the Companies Act, 2013 - Legal Dispute Over Share Purchase Agreement: NCLT Dismisses Oppression Claim in Altron Case - The decision underscores that disputes rooted in contractual obligations, such as shareholder agreements, should typically be pursued within civil courts rather than being framed as issues of corporate oppression or mismanagement. Stakeholders involved in similar agreements should be acutely aware that the obligations set forth in such contracts can significantly affect their rights and responsibilities, with potential claims hinging on evidence demonstrating prejudice or detriment to interests directly linked to company governance.

Sections 58 46 of the Companies Act, 2013 - NCLT Chennai Dismisses Share Transfer Petition Due to Title Disputes and Inordinate Delay - In light of the NCLT Chennai's dismissal of the petition, it is imperative for shareholders and investors in similar situations to ensure that all requisite details in share transfer deeds are accurately filled out and to act promptly to assert their rights. Legal remedies available under sections like 58(4) of the Companies Act must be pursued expeditiously, and adequate justification should be maintained for any delays in order to avoid dismissal of claims.

Government Takes Action: Appointment of Adjudicating Officer for Khattu Housing Solutions Pvt. Ltd. Under Companies Act, 2013 - In light of this decision, it is imperative for directors and companies to conduct regular compliance checks concerning the provisions of the Companies Act, 2013. Directors should familiarize themselves with all relevant rules, including the amendments, to mitigate the risk of penalties. Furthermore, organizations should establish internal mechanisms for ensuring adherence to statutory obligations to avoid repercussions that may arise from non-compliance.

Government of India Decree: Penalties Imposed On Company And Officers For Violating Companies Act - This ruling clearly demonstrates the legal ramifications of failing to comply with outlined regulations under the Companies Act, 2013, particularly regarding securities allotment processes. Companies and their directors are advised to meticulously review and ensure compliance with all relevant statutory provisions to avoid financial penalties and enhance corporate governance standards. An actionable takeaway from this decision is for firms to conduct regular audits of their compliance frameworks to mitigate potential infractions before they lead to penalties.

Court Rules Against Continuation of CCI Proceedings After Settlement in Design Infringement Case - The Delhi High Court's decision accentuates the principle that settlements reached in disputes concerning design infringement render subsequent CCI inquiries irrelevant, thus advocating for clarity and finality in resolution mechanisms. It asserts the importance of resolving such disputes outside the purview of ongoing regulatory inquisitions, thereby enhancing the viability of mediation as a dispute resolution strategy. This ruling serves as a pivotal reference point for corporate entities contemplating design and intellectual property protection measures as it delineates potential vulnerabilities in allowing regulatory bodies to prolong inquiries post-settlement.

NCLAT Denies Waiver for Proceedings on Oppression Allegations Under the Companies Act - The NCLAT's decision clarifies the strictures surrounding the waiver of conditions necessary for initiating proceedings related to corporate oppression. Stakeholders must recognize that simply holding membership does not inherently confer the right to commence legal proceedings without securing the requisite member support as outlined in Section 244. Future claims of oppression should be substantiated by a demonstrable collective grievance rather than individual assertions, to meet the thresholds established by legislation.

Listed Companies May Qualify for Exemption from Corporate Governance Rules Under SEBI Regulations - The decision of the Securities Appellate Tribunal serves as a critical precedent affirming the proposition that smaller listed entities, under specified conditions, can obtain relief from corporate governance compliance. Corporates operating within the set thresholds should actively consider applying for this exemption, significantly reducing their compliance costs and administrative burdens. This actionable insight encourages strategic business planning around compliance frameworks, especially for smaller issuers aiming to optimize their corporate governance obligations while maintaining operational efficiency.

SEBI's Overreach Challenged: Tribunal Sets Aside Penalty for Alleged Insider Trading in Company 'IAL' - The Tribunal's ruling not only sets a precedent regarding the necessity for concrete proof of UPSI possession to substantiate insider trading allegations but also reinforces the inherent rights of traders and brokers in the securities market. It establishes that trading actions, particularly when occurring prior to the public announcement of UPSI, do not automatically implicate traders as having engaged in illegal insider trading without compelling evidence.

Section 132, of the Companies Act, 2013 - NFRA Penalizes Engagement Partner for Gross Negligence in Audit Process - The NFRA's ruling serves as a stringent reminder to Chartered Accountants regarding the non-negotiable standards of diligence and professionalism expected in audit engagements. Engaging partners must remain vigilant and perform their duties with a high degree of care and thoroughness. Following this decision, it is imperative that all similar professionals reinforce their compliance with established practices, enhance their understanding of fraud assessment, and ensure that audit documentation meets regulatory expectations. The proactive engagement with internal controls and risk assessments should be prioritized to avoid similar pitfalls.

Sections 58, 59 of the Companies Act, 2013 - Court Affirms Applicant's Claim to Shares Amidst Allegations of Fraudulent Transfer by Respondent - This decision affirms the importance of transparency and proper record-keeping in corporate governance, particularly in relation to share ownership and transmission. It highlights the necessity for companies to maintain rigorous standards of accuracy and accessibility in their member registers to safeguard the ownership rights of shareholders. The tribunal's acknowledgment of the fraudulent actions undertaken by the respondent reinforces the legal protections afforded to shareholders against such misconduct.

NCLAT Ruling Upholds Liquidation Process; Appellant’s Resolution Plan Rejection Finalized - The ruling by the NCLAT emphasizes the critical importance of timely action against orders of rejection and the ramifications of failing to appeal prior decisions. Appellants must ensure that they diligently follow procedural requirements and challenge unfavorable decisions promptly; otherwise, they relinquish their rights to contest outcomes that adversely affect their interests. Consequently, parties involved in insolvency proceedings should remain vigilant in addressing and appealing decisions and resolutions that could adversely govern their positions, particularly within the framework established by the Insolvency and Bankruptcy Code, 2016.

NCLAT Chennai Denies Maintainability of IA for Lack of Certified Agreement in Oppression and Mismanagement Case - The NCLAT Chennai's decision serves as a crucial precedent that underlines the importance of strict compliance with procedural requirements under the Arbitration and Conciliation Act, 1996. For litigants seeking to invoke arbitration as a remedy, it is imperative to ensure that they present requisite documentation, including certified copies, at the onset of proceedings. In this context, thorough administrative preparation is paramount to avoid legislative bars in future endeavors.

NCLAT Affirms Jurisdiction to Amend Amalgamation Schemes, Ensures Streamlined Compliance - In light of the current decision, stakeholders engaging in amalgamations can derive actionable insights emphasizing the importance of understanding the NCLT's jurisdictional latitude to amend schemes as necessary. Companies should adopt a proactive approach in pursuing amendments within the framework provided by the Companies Act, ensuring they are well-informed of their rights under Sections 230-234, thus promoting efficiency in their merger processes.


Abuse of Dominance Claim Dismissed by Competition Commission: No Evidence of Market Misconduct - The findings of the Competition Commission of India underscore the necessity for robust, substantive evidence when alleging abuse of a dominant position under the Competition Act. The ruling emphasizes that mere assertions without supporting facts are insufficient to substantiate claims in competitive conduct matters.

Competition Commission Finds Insufficient Evidence of Price Fixation and Bid-Rigging Among Sugar Mills - The Competition Commission’s decision underscores the necessity of robust evidence in establishing allegations of cartel behavior in bid-rigging scenarios. Stakeholders must ensure that claims are supported by substantial and credible evidence beyond just pricing parallels, emphasizing the requirement for demonstrable coordination among parties involved. This case illustrates a clear precedent that mere identical pricing, without corroborating behaviors indicative of collusion, is insufficient for establishing contraventions under the Competition Act.

Competition Commission Dismisses Allegations of Anti-Competitive Practices Against OP-1 Following Inadequate Evidence Submission - The ruling by the Competition Commission of India serves as a pivotal reminder of the critical requirements for substantiating claims of anti-competitive practices. Legal practitioners and businesses must ensure that allegations are backed by concrete evidence, specifically operational agreements in writing, and are mindful of the relevant legal thresholds established in previous cases, including adherence to provisions outlined in the Competition Act.

Competition Commission Finds No Anti-Competitive Conduct by Leading Housing Finance Company in Interest Rate Dispute - The Commission’s decision to dismiss the informant’s claims emphasizes the need for substantial evidence to demonstrate market dominance or anti-competitive behavior. For stakeholders in the financial services sector, particularly those involved in loan provision, the ruling provides a clear pathway for operational frameworks, indicating that competitive practices are acceptable provided they align with existing regulations.

Confidentiality of Identity Disallowed in Bid-Rigging Case: Competition Commission Renders No Violation Found - The CCI’s decision to dismiss the allegations against OP-2, OP-3, and OP-1 reinforces the necessity of robust evidence to substantiate claims of bid-rigging or cartelisation. Stakeholders in tender processes are advised to maintain comprehensive documentation and clarity in bidding practices to mitigate potential accusations. Embracing transparency in pricing and competitive conduct will be paramount in safeguarding against the implications of unwarranted accusations in the future.

Dismissal of Abuse of Dominance Allegations Against DAE and IREL in Accordance with the Competition Act, 2002 - The CCI's ruling signifies a pivotal clarification regarding the application of the Competition Act to governmental and quasi-governmental bodies like DAE. Given that DAE does not qualify as an 'enterprise', businesses within similar frameworks could view this decision as a precedent to potentially navigate competitive compliance without fear of scrutiny under the Competition Act provisions.

Maruti Suzuki India Limited Not Found in Violation of Competition Act for Pricing Strategies of 'Jimny' SUV - Based on the findings, it is evident that Maruti Suzuki India Limited operates within a competitive framework in the SUV market and does not engage in practices that violate the provisions of the Competition Act. This ruling reaffirms the importance of market context when assessing alleged abusive practices and stresses that isolated price disputes do not equate to competition law violations.

CENVAT Credit Admissibility at Transferred Units Upheld by CESTAT Bangalore - The current decision by CESTAT Bangalore serves to reaffirm the principles governing the admissibility of CENVAT credits, particularly in instances of internal transfers and the operational classification of what constitutes "manufacture". Taxpayers must maintain rigorous documentation of their input movements and detailed records of processes transforming raw materials to finished goods, reinforcing their standing under the law when faced with similar challenges. All operational procedures should align with regulatory requirements to substantiate claims for credits.

Principal Manufacturer Not Liable for Excise Duty on Bye-products from Job Work - In light of the decision rendered by CESTAT Chennai, it is imperative for principal manufacturers to comprehend that the excise duty obligation does not extend to scrap and waste produced during job work. Manufacturers should take precautionary steps to ensure job workers are fully aware of their responsibilities for duty assessments related to such scrap materials. It is advisable for companies to document job work processes and by-products meticulously to fortify their position should similar disputes arise.

CESTAT Chennai Rules in Favor of Assessee on CENVAT Credit Utilization, Invalidating Rule 8(3A) - In light of the current decision, it is imperative for taxpayers and assessees engaged in excise duty payments to thoroughly analyze their compliance with Central Excise Rules, especially regarding CENVAT credit usage. The ruling reaffirms the principle that rule prohibitions against utilizing CENVAT credit under circumstances of duty payment defaults are not valid. Thus, it provides a crucial avenue for assessees who could find themselves similarly challenged to seek relief by referencing this judicial pronouncement.

Legal Resolution on CENVAT Credit Eligibility: CESTAT Kolkata Addresses Duty Payment Dispute - The ruling from CESTAT Kolkata underscores the necessity for proper documentation and payment adherence in CENVAT credit claims. Taxpayers can take tangible action based on this decision to ensure their filings and duty payments are well-supported by invoices reflecting accurate excise duties. It highlights that excess duty payments, if not refunded, can be utilized for CENVAT credit claims, reinforcing the importance of keeping detailed records in compliance with tax regulations to safeguard against unsubstantiated claims from the Revenue.

CENVAT Credit Dispute Resolution: CESTAT Mumbai Grants Relief on Input Services - In light of the aforementioned ruling from CESTAT, it is evident that taxpayers closely adhering to the documented expenditure for business activities can successfully assert claims for CENVAT Credit based on the characterization of input services. It is crucial for entities to ensure meticulous documentation and utilization of wide definitions provided under CENVAT rules to safeguard their credits. Furthermore, organizations should proactively review their records concerning availed services to recuperate any potential credits that might be erroneously denied in the past, bolstered by the favorable judgment set by this decision.

Valuation of Goods Transferred to Sister Units: CESTAT Bangalore Ruling on Central Excise Valuation Methodologies and Revenue Neutrality - In light of the Tribunal's ruling, entities involved in the transfer of goods to sister units should focus on stringent adherence to the valuation rules set forth in the Central Excise framework. Specifically, emphasis should be placed on ensuring that the applicable valuation method aligns with Rule 4 and Rule 11 rather than automatically resorting to Rule 8. Compliance will prevent erroneous duty liabilities and potential extended periods of limitations arising from misinterpretation of facts.

Fraudulent CENVAT Credit Leads To Unjust Penalties: CESTAT Sets Aside Charges Against Directors - The CESTAT decisively set aside the penalties imposed on Shri Prem Jain and Shri Gyan Jain due to the lack of legal foundation and improper application of rules concerning their actions. The current decision underscores the necessity for clarity in penal provisions and establishes that individuals in managerial capacities should not be penalized without clear evidence of wrongdoing.

Refund Claim Allowed: CESTAT Bangalore Sets Aside Original Authority’s Rejection Due to Procedural Gaps - In light of this decision, it is crucial for the appellant to compile and present the required documentation swiftly to facilitate the timely processing of their refund claim. Given the tribunal's emphasis on procedural compliance, all future claims should be meticulously prepared with due regard to documentation requirements as delineated in previous rulings to prevent unnecessary delays or rejections.

Delhi High Court Ruling: Clarity on Import of Personal Jewelry and Customs Regulations - The Delhi High Court concluded that the petitioner’s case was improperly adjudicated due to misinterpretations of customs rules concerning personal jewelry. The evidence presented by the petitioner highlighted inconsistencies with how the regulations were enforced. Hence, when personal effects such as jewelry are utilized by air travelers, particularly if those items are deemed as already in use and not newly acquired abroad, they must not subject to the prescribed monetary limits or restrictions imposed by the customs regulations.

Unlawful Interest Demand on Duty Credit: Kerala High Court Rules in Favor of Petitioner Against Service Export Scheme Recovery - The decision of the Kerala High Court reinforces the importance of legislative backing when imposing financial charges such as interest on refunds resulting from policy misapplications. Stakeholders should ensure compliance with explicit legal provisions before initiating recovery actions involving interest, particularly in scenarios where benefits under Government schemes are involved. This ruling provides a clear precedent that requests for repayment of wrongly availed benefits must be equipped with robust legal backing to include penalties or interest demands.

Mis-declaration Penalties in Duty Drawback Case Found Excessive and Unfair by CESTAT Chennai - In light of the CESTAT's decision finding the original ruling excessive and unjust, it is crucial for the customs authorities to adopt a more measured approach when dealing with minor infractions. Authorities should ensure that their orders contain adequate reasoning and respect the rights of exporters, particularly around the issuance of notices and opportunities for hearing prior to taking punitive actions. Immediate actions should be implemented to augment adherence to principles of proportionality and due process in all adjudications.

Customs Classification Dispute: CESTAT Calls for Fresh Review on Cement Additives Classification Under Customs Tariff Act - In light of the decision, the CESTAT's directive for re-evaluation reinforces the necessity for customs assessments to be thoroughly substantiated. For importers and assessees, this ruling stresses the importance of rigorous documentation supporting classification claims. The necessity for detailed justification in the determination of tariff classifications serves as a critical cautionary reminder against relying on ambiguous or superficial evaluative language.

Anti-Dumping Duty Exemption Affirmed for Color Coated Aluminum Coils: CESTAT Allahabad Ruling - The CESTAT Allahabad ruling grants a significant precedent regarding the exemption of anti-dumping duty for specific types of color-coated aluminum coils. It underscores that products not manufactured domestically or comparably to those covered by ADD should not face undue tariff penalties. This ruling emphasizes the need for applicants to substantiate claims about local manufacturing capabilities and market presence to attain duty exemptions. Stakeholders should reference existing rulings and circulars to navigate these regulations effectively.

CESTAT Upholds Department's Classification of Imported Goods, Denies Notification Benefits - The recent decision by CESTAT reinforces the importance of accurate classification of imported goods under the relevant customs tariff headings. It highlights the obligation of importers to ensure compliance with applicable customs regulations to avoid penalties. To take actionable steps, assessors should conduct thorough due diligence and possibly seek advance rulings on classification matters before importing goods to ensure clarity on tax implications and eligibility for any notifications.

Court Upholds Importers' Rights Against Arbitrary Valuation Changes by Customs Authorities - Following the comprehensive legal examination and reaffirmation of established customs protocols, the Delhi High Court's ruling underlines the necessity for customs authorities to adhere strictly to statutory requirements during valuation reassessments. As such, importers should proactively ensure that any communications with customs officials maintain a clear assertion of their rights regarding valuation disputes. This decision serves as an important reminder for customs authorities to engage in a reasoned and transparent assessment process in alignment with statutory mandates.

CESTAT Mumbai Rules Out Central Excise Duty on Pre-Budgeted Stock of Branded Garments - In light of the CESTAT's ruling, it can be conclusively stated that the Appellant is not liable for Central Excise duty on the pre-budgeted stock of branded garments held in its godown after the implementation of Notification No. 12/2011. This decision underscores the importance of the timing of duty assessments and confirms that previously cleared goods at a NIL duty rate cannot be subjected to subsequent tax liabilities on the basis of retrospective rules.

CESTAT Chennai Remands Education Cess Dispute for Apex Court Verdict - Based on the current decision, it is advisable for taxpayers facing similar disputes regarding cess payments to demonstrate proactive compliance, particularly in cases where interpretations are under judicial consideration. Taxpayers should ensure all amounts due are remitted promptly while maintaining open lines of communication with tax authorities about pending legal interpretations. This approach would safeguard them against penalties and potential accusations of evasion.

Default in Duty Payment: CESTAT Chennai Rules CENVAT Credit Utilization Validity Post-30 Days Delay - In light of the recent decision by CESTAT Chennai, it is advisable for businesses and taxpayers to remain abreast of judicial pronouncements regarding CENVAT credit utilization. Recognizing the implications of legal precedents, especially those relating to Rule 8(3A) of the Central Excise Rules, can inform effective compliance strategies.

Legal Crux of CESTAT Decision: Central Excise Duty Exemption Affirmed for EOU Debonding - In conclusion, this decision underscores the importance of procedural fairness in tax adjudication and highlights the need for relevant documentation to be accessible to appellants. The remand provides an opportunity for the adjudicating authority to review all pertinent evidence, ensuring an equitable assessment of the appellant's claims. Appellants in similar scenarios should ensure they have all requisite supporting documents ready for scrutiny.

CESTAT Kolkata - Determination of Manufacturing Activity and Monetary Limit on Appeal - In light of the current decision by the CESTAT Kolkata, it is imperative for assessees to meticulously evaluate their activities against the stringent definitions of manufacturing established under prevailing tax laws. To avoid similar dismissals based on monetary thresholds, businesses must ensure that any potential disputes are assessed against the monetary limits set forth in the National Litigation Policy before proceeding with appeals.

Court Upholds CENVAT Credit for Captively Consumed Goods Amid Compliance with Cost Accounting Standards - Based on the Tribunal’s decision, it is imperative for businesses to maintain meticulous records in compliance with CAS-4 and ensure all documentation, especially supplementary invoices, aligns with CENVAT credit rules. Companies must strive for transparency and thorough reporting to safeguard against future disputes regarding credit claims. Additionally, enhancing internal audit systems to affirm regulatory compliance could mitigate risks associated with CENVAT credit claims.

Bombay High Court Reverses Partial Rejection Of Meis Benefits Due To Deficient Decision-Making Process - The Bombay High Court’s decision underscores the essential nature of a transparent and reasoned decision-making process within administrative frameworks, particularly concerning tax and export-related benefits. It is imperative for authorities to ensure a proper understanding of all factual elements before arriving at decisions that materially affect stakeholders. For tax professionals and exporters, this ruling serves as a robust reminder that adherence to procedural fairness is crucial and that any deviation could lead to the quashing of unfavorable decisions.

CESTAT Ahmedabad Overturns Delay-Based Rejection of Customs Appeal Following Gujarat High Court Ruling - In light of the current ruling from CESTAT Ahmedabad, which overturned the impugned order citing the invalidity of the three-month limitation, it is imperative for authorities to reassess similar pending cases that could be affected by this precedent. Assessors must ensure that decisions are not unjustly influenced by outdated or nullified regulations. It is advisable for taxpayers and customs entities to maintain vigilance regarding evolving case law and to seek timely advice to navigate procedural requirements effectively.

CESTAT Chennai Upholds Rejection of Refund Claim for 4% SAD Due to Non-Compliance with Notification Requirements - In light of the current decision, businesses must ensure strict compliance with the endorsement requirements stipulated in Notification No. 102/2007-Cus to successfully reclaim duties. It is imperative to maintain accurate documentation and adhere to prescribed procedural norms at all stages of import and refund applications. Companies should consider frequent internal audits to validate compliance and engage in open communication with regulatory authorities to clarify any ambiguities regarding required documentation.

CESTAT Chennai Rules on Time-Bound Refund Claims; Violation of Natural Justice Leads to Remand - The decision taken by CESTAT Chennai underscores the critical importance of adhering to procedural justice and the necessity for authorities to conduct thorough and fair reviews of claims, particularly in instances involving provisional assessments. It is vital for assessees to be vigilant about timelines stipulated under Section 11B; however, legal protections, including a strict adherence to principles of natural justice, must not be overlooked by authorities when assessing refund claims.

Procedural Lapses in Refund Claims Addressed by CESTAT Chennai - In light of the CESTAT Chennai’s findings, there emerges a clear directive for claimants to remain vigilant about jurisdictional protocols while filing refund claims. Recognizing the procedural nuances, especially related to the appropriate timing and jurisdiction, could materially affect the outcome of claims. Stakeholders should ensure meticulous adherence to the protocol to prevent unwarranted rejections of otherwise valid claims.

CESTAT Mumbai Declares Customs Duty Reassessment Invalid, Restores Lower Duty Classification for Diagnostic Reagents - The decision by CESTAT Mumbai highlights significant procedural deficiencies in the handling of customs duty classification. Importers should ensure that any assessments made by customs reflect appropriate legal standards and that they are well-documented by the authorities to avoid unjust reclassification. When disputes arise, it is critical that importers closely monitor the classification process, advocate for their claims, and seek a transparent 'speaking order' from customs officials.

CESTAT Chennai Upholds Denial of Cross-Examination of DRI Officers, Reinforcing Adjudicative Discretion - In evaluating the decision rendered by CESTAT Chennai regarding the denial of cross-examination, it is evident that the court has fortified the discretion of the Adjudicating Authority in adjudicative proceedings. Stakeholders must recognize that while cross-examination is a value-add in challenging evidence, it is not an inviolable right. This underscores the necessity for appellants to prepare robust written submissions, thoroughly articulating their positions in response to any SCNs, regardless of cross-examination accessibility.

CESTAT Kolkata Affirms Timeliness and Maintainability Issues in Clean Energy Cess Dispute Relating to Metallurgical Coke - The CESTAT Kolkata’s ruling underscores the necessity for importers to adhere to the time frames stipulated under the Customs regulations when contesting assessments or procedural claims. This decision reinforces the legal principle that failure to act within prescribed periods can result in forfeiting an avenue for appeal, thereby affirming the finality of customs assessments. Future claimants must ensure prompt action following assessments to avoid objections being rendered time-barred.

Significant Ruling on Non-Payment of Refund Interest Under Customs Act 1962 by CESTAT Kolkata - In light of the above findings, it is clear that appellants who find themselves in similar situations should actively monitor the status of their refunds post-final assessment. They are entitled to seek redress in cases where delays exceed the stipulated period of three months, insisting on their right to interest as mandated under the law.

Extension of due date for furnishing return of income in the case of an assessee who is required to furnish a report referred to in section 92E regarding International Transactions for the AY 2024-25

Income-tax (Tenth Amendment) Rules, 2024 - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head “Profits and gains of business or profession

Central Government, specifies provisions of section 194N of IT Act 1961 after consultation with the Reserve Bank of India

Central Government notifies transfer of capital asset from NLC India Limited u/s 47(viiaf) of IT Act 1961

Central Government approves SKAN Research Trust, Bengaluru under the category of ‘Research Association’ for ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

Corrigendum - Notification No. S.O.5063 (E), Dated 26th November 2024
Appointment of Adjudicating Authorities u/n CGST Act and IGST Act.
Extension of due date for filing of return in FORM GSTR-3B for the month of October, 2024 for the persons registered in the state of Manipur
Amendment in Notification number S.O.3048(E), dated the 31st July, 2024
Amendment in Notification No. 02/2017-Central Tax, dated the 19th June, 2017
Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2024.
Securities and Exchange Board of India (Attestation of Documents) (Amendment) Regulations, 2024.
Business Continuity for Interoperable Segments of Stock Exchanges
Valuation of repurchase (repo) transactions by Mutual Funds
Guidelines to Stock Exchanges, Clearing Corporations and Depositories
Amendment in Import Policy Condition of ITC HS Codes 85423100, 85423900, 85423200, 85429000 and 85423300 covered under Chapter 85 of ITC (HS), 2022, Schedule-1 (Import Policy)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act 2024 (No. 2 of 2024) dated 16.08.2024
Amendment in Notification No. 18/2021-Customs (ADD), dated the 27th March, 2021
Clarifications on the applicability of concessional duty under IGCR Rules, 2022 in certain instances
Implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022
Inland Container Depots for loading and unloading of goods - Seeks to amend Notification No. 12/97-Customs (N.T.) dated the 2nd April, 1997
Mandatory additional qualifiers in import declarations in respect of coking/ non-coking coal w.e.f 15.12.2024
Land Customs Stations and Routes for import and export of goods by land or inland water ways - Seek amendment in Notification No. 63/1994-Customs (N.T.) dated the 21st November, 1994
Amendment in Notification No. 11/2017-Central Excise, dated the 30th June, 2017

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