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FinMin increases BCD on CCTV camera, digital video recorder, television, LED lamps
December 15 2017
Central Government notifies increase in tariff rates on certain goods falling under Chapter 85, 90 and 94 of First Schedule to Customs Tariff Act, 1975 and amends Notification No. 50/2017 prescribing ...View more
CBEC eases norms for bank guarantee & security by importers availing concessional duty
December 09 2017
CBEC eases the norms for furnishing security / surety along with Bank Guarantee / bond by importers seeking to avail concessional duty benefit in terms of Customs (Import of Goods at Concessional Rate...View more

DGFT notifies increased MEIS & SEIS reward rates; Lists down ineligible categories & extended period
December 06 2017
DGFT notifies 2% increase in rates of MEIS rewards under Appendix 3B of FTP 2015-20 for exports made w.e.f November 1, 2017 to June 30, 2018 as well as List of ineligible categories for Duty Credit Sc...View more
Revised FTP focuses on exporters leveraging GST benefits, promoting MSME & labour intensive sectors
December 06 2017
Revised Foreign Trade Policy 2015-20 inter alia extends the benefit of sourcing inputs / capital goods from abroad as well as domestic suppliers without upfront payment of GST to exporters under Advan...View more

Govt. releases Mid-Term review of Foreign Trade Policy 2015-2020
December 05 2017
Govt. releases Mid-Term review of Foreign Trade Policy 2015-2020...View more
Delhi HC seeks Govt.'s rationale behind rescinding exemption for Non-commercial Research Institutions' local purchases
December 05 2017
Delhi HC calls upon Govt. to explain the basis of rescinding excise duty exemption on local purchases made by Non-commercial Research Institutions, vide Notification No. 9/2017-CE; Notes that imports ...View more

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HC : Directs Revenue to consider power generation co.'s request for Form 'C' after GST
December 12 2017
HC directs State Revenue authorities to take decision on assessee’s request for issuance of Forms C against inter-state purchases of diesel, in accordance with law; Notes that assessee, being a ...View more
HC : No interest where tax discharged according to return; Assessee cannot predict final assessment 
December 13 2017
HC quashes demand of interest u/s 18(4)(a) of Madhya Pradesh VAT Act on additional VAT payable consequent to price revision of LPG by Central Govt. after issuance of invoices by supplier; Observes, pr...View more

HC : Affirms local levy on Customs Dept.'s e-auction; Bidding from outside State inconsequential 
December 13 2017
HC confirms recovery of local sales tax dues arising from e-auction sale conducted by Customs Dept. at Chennai, thereby rejecting assessee-bidder’s plea that such purchase initiated from Mumbai ...View more
HC : No penalty for assessee's precocious conduct by depositing tax to avoid controversy 
December 15 2017
HC upholds CESTAT order setting aside penalty u/s 78 of Finance Act, 1994 where assessee suo motu deposited tax on reverse charge basis along with interest for extended limitation period; Notes that a...View more

HC : Cannot invoke extended limitation against job-worker where principal-manufacturer fails to deposit duty
December 14 2017
HC upholds CESTAT’s findings, holds that extended period of limitation cannot be invoked against job-worker where principal manufacturer fails to discharge excise duty in terms of declaration fu...View more