International Tax Ruling


DGFT's delay in acting on EPCG-license redemption request cannot deprive exemption to Hyundai Motors 

CESTAT, Chennai holds that Hyundai Motors (Assessee) should not be taken to task due to a delay caused in the DGFT office to act on their request for redemption of EPCG Licence, sets aside impugned or...View More

Prioritizes CIPET sample-reports over customs-lab in 'Plastic Stickers' classification; Quashes misdeclaration charges 

CESTAT Ahmedabad rules in favour of assessee (SEZ unit) by giving preference to sample reports of Central Institute of Plastic Engineering and Technology (CIPET) as against Customs Laboratory in a mat...View More

Competent Authority under Customs Act empowered to assess IGST exemption; Dismisses writ

Kerala HC holds that Competent Authority under Customs Act is empowered to make assessment regading exemption claim of IGST on import of ‘wet dates’ made by assessee; Specifically rules th...View More

Dismisses Revenue’s appeal against CESTAT-order quashing liability on bare-boat charter of 'offshore-drilling-unit' 

Dismisses Revenue’s appeal against CESTAT-order quashing liability on bare-boat charter of 'offshore-drilling-unit' ...View More

Dismisses Revenue’s appeal against CESTAT-order quashing liability on bare-boat charter of 'offshore-drilling-unit' 

SC dismisses Revenue’s appeal against CESTAT order quashing service-tax levy on deployment of ‘drilling unit (rig) under separate charter agreement at the request of client by charterer;&n...View More

Rules on relevant-date for refund; Rejects limitation plea where service received were unsatisfactory 

CESTAT Delhi rules on ‘relevant date’ for allowing refund of service tax paid under reverse charge mechanism (RCM) and clarifies certain aspects viz. (i) relevant date for reckoning 1 year...View More

Finalised assesssment cannot be opened in refund proceedings absent self-assessed return being questioned

Delhi HC sets-aside order denying refund of CENVAT Credit, holds that finalized self-assessment cannot be opened while adjudicating refund proceedings, heavily relies upon SC judgement in ITC Ltd.; Ho...View More

Appeal w.r.t. service tax determination for assessment, not maintainable 

Gujarat HC holds that Revenue’s appeal pertaining to determination of rate of service tax or value of services for the purpose of assessment, is not maintainable, inasmuch as it lies to the Supr...View More

Interprets 'goods' under UP VAT Act, allows full ITC; Distinguishes M.K. Agro Tech

In an important judgment, a three judges bench of SC interprets ITC related sections of UP VAT Act, holds that full ITC is allowable on purchase of rice bran under relevant provisions of the ...View More

CENVAT Credit available on insurance premium paid to Deposit Insurance and Credit Guarantee Corporation, upholds CESTAT order

Bombay HC upholds CESTAT order allowing availment of CENVAT Credit on insurance premium paid to Deposit Insurance and Credit Guarantee Corporation (DICGC), absent substantial questions of law, dismiss...View More