International Tax Ruling


Issuance of corporate guarantee to group companies without consideration not taxable service

CESTAT dismisses Revenue's appeal, holds that, in absence of any consideration, corporate guarantee provided by Edelweiss Financial Services Ltd on behalf its subsidiaries located within and outside I...View More

Providing Corporate Guarantee by Edelweiss to group companies without consideration not taxable service 

SC dismisses Revenue’s appeal against CESTAT's order holding that issuance of corporate guarantee by Assessee (Edelweiss Financial Services Ltd.) to group companies without consideration is not ...View More

Extended period cannot be invoked even if some duty escapes assessment & audit not conducted 

CESTAT Delhi rejects Revenue’s contention that discovery of material facts after scrutiny or audit means the assessee has suppressed facts with an intent to evade payment of duty; CESTAT ru...View More

Relief to Adani Power, Rejects Revenue's appeal against CESTAT-order dismissing charge of over-valuation

SC dismisses Revenue’s appeal against CESTAT’s order quashing charge of over-valuation of imported goods by Adani Power for setting-up power projects in Maharashtra and Rajasthan; Obs...View More

Quashes Revenue's appeal alleging over-valuation of imports by Adani Power, cites incomplete investigation 

CESTAT, Mumbai dismisses Revenue’s appeal alleging over-valuation of imported goods by Adani Power, holds that such assertion hasn’t been established thus, the order doesn’t call for...View More

Embarking on interpretation rules, upholds CESTAT’s classification of Videocon’s imported LCD-sets under Chapter 90

SC dismisses Revenue's appeal, upholds CESTAT’s reasoning that Liquid Crystal Devices (LCD) sets fall under Chapter 90, Entry 9013.8010 as opposed to CH 8529 claimed by Revenue on the basis that...View More

Embarking on interpretation rules, upholds CESTAT’s classification of Videocon’s imported LCD-sets under Chapter 90

SC dismisses Revenue's appeal, upholds CESTAT’s reasoning that Liquid Crystal Devices (LCD) sets fall under Chapter 90, Entry 9013.8010 as opposed to CH 8529 claimed by Revenue on the basis that...View More

Customs authorities not empowered to seal immovable property at investigation stage

Bombay HC allows prayer of Petitioner (accused in gold smuggling case) for de-sealing his premises, rules that, “there is no power available with the custom authorities to se...View More

DGFT's signature does not invalidate Notification otherwise issued pursuant to FTDR Act 

Madras HC dismisses assessee's writ petition, upholds amendment made to import policy of ‘poppy seeds’ vide Notification No.17/2015-20 dated July 29, 2016 signed by Director General of For...View More

Revenue’s casual-approach preventing refund to assessee impermissible; Directs Officers to be vigilant/friendly

Tripura HC criticises Revenue’s “casual approach”trying to prevent the payment of refund amount to the assessee citing absence of “jurisdictional error in the assessm...View More