The assertion of clandestine removal cannot be proved merely by the testimony of some transporters
The Hon’ble Bombay High Court in the Principal Commissioner of Central GST & C. v. Filatex India Ltd. [Central Excise […]
Important Pronouncements
Important Pronouncements
Whether Importer can be treated as the original owner of Goods for Provisional Release of Seized Goods under Customs Act
The Hon’ble Bombay High Court in Commissioner of Customs (Import) v. Dinesh Bhabootmal Salecha [CUSTOM APPEAL (L) NO. 20820 OF
Notification And Circular, Notification and Circular
CBDT issued guidelines for compounding of offences under the IT Act
The CBDT vide F. No. 285/08/2014-IT (lnv.V)/196 dated September 16, 2022 has issued guidelines for compounding of offences under the
Important Pronouncements
Seizure of the goods of the godown without jurisdiction may amount to misconduct
The Hon’ble Allahabad High Court in Mahavir Polyplast Pvt. Ltd. v. the State of U.P. And 2 others [Writ Tax
Notification and Circular, Notification And Circular
DGFT notified Para 2.54(d) under FTP to permit Invoicing, payment and settlement of exports/imports in INR in sync with RBI’s recent circular
The DGFT vide Notification No. 33/2015-2020 dated September 16, 2022 notified Para 2.54(d) under the Foreign Trade Policy, 2015-2022 (“FTP”)
Important Pronouncements
Suspension of GST registration is counterproductive and affects tax recovery
The Hon’ble Calcutta High Court in Bisweswar Midhya v. The Superintendent, CGST [MAT No. 1376 of 2022 with IA No.
Notification And Circular, Notification and Circular
Govt slashes windfall profit tax on domestic crude oil, ATF, diesel export
The government on late Friday slashed windfall gains tax, lowering the duties and cess on domestic crude and export of
GST Recent News
GST GoM on rate rationalisation unlikely to meet deadline to submit report by Sep-end: Sources
Two major Goods and Services Tax reforms are likely to be delayed as inflation concerns persist. GST Group of Ministers
GST Recent News
Gadkari pitches lower GST, offers for scrapping old cars
Transport and highways minister Nitin Gadkari on Thursday pitched for discounts of up to Rs 1 lakh for car buyers
GST Recent News
Haryana: Two arrested for GST fraud of around ₹75 crore
Haryana Police have arrested two persons from Hansi for evading goods and services tax (GST) worth about ₹75 crore. Both