International Tax Ruling


Grants scrips / licence under 'Focus Product Scheme' against export of 'industrial valves'

HC holds that industrial valves squarely fall within the ambit of goods covered under Sl. No. 269 of Appendix 37D of Foreign Trade Policy 2009-14 (FTP)  which includes specified goods falling und...View More

'Rule 2A' & 'composition' optional methodologies; Allows 'Section 67' valuation with input credit for works-contracts

CESTAT sets aside recovery of Rs. 220 Cr (approx.) towards demand of CENVAT credit and service tax against assessee engaged in supply and erection of pre-fabricated / pre-engineered steel buildings an...View More

Commissioner's letter directing vessel's provisional release constitutes 'quasi-judicial order', appealable to CESTAT

HC upholds CESTAT’s jurisdiction to entertain appeal u/s 129A(1)(a) of Customs Act against a letter / direction issued by Commissioner of Customs (Imports) allowing provisional release of second...View More

Operating lease of motor vehicles not taxable as "Banking & Other Financial Services"

CESTAT upholds Adjudicating Authority’s findings, sets aside service tax demand of Rs. 24.39 Cr (approx.) towards operating lease arrangement of motor vehicles under “Banking and Other Fin...View More

Grants Form 'C' concession to dealer holding valid CST registration, for power transmission 

HC directs issuance of Form ‘C’ to assessee holding a valid registration certificate in Form ‘B’ under CST Act in respect of inter-state sale made for power transmission; Obser...View More

Directs Govt. to enforce ADD imposition absent limitation for new shipper review

Madras HC relegates domestic importer to appellate remedy u/s 9C of Customs Tariff Act against imposition of Anti-dumping duty on import of “clear float glass of nominal thickness ranging from 4...View More

Upholds Joint Commissioner's revisional powers under UP Trade Tax, no separate authorization required

HC holds that Joint Commissioner (Executive) (JC) is empowered to exercise revisional powers comprised under Section 10­B of U.P. Trade Tax Act 1948; Rejects assessee’s plea that no notifica...View More

Dismisses Revenue SLP; Upholds transfer of unutilised credit upon shifting of factory 

SC dismisses Revenue SLP, finds no ground to interfere with Madras HC ruling which allowed transfer of unutilized CENVAT credit under Rule 10 of CENVAT Credit Rules upon shifting of assessee's factory...View More

Follows Shakhti Specialities ruling extending Appellate Tribunal's 'stay' beyond 1 year u/s 63

HC follows earlier ruling in Shakhti Specialities while disposing of writ petition against vacation of ‘stay’ granted by VAT Tribunal on lapse of limitation for deciding appeal; In said ca...View More

Quashes writ; Cannot by-pass appellate remedy to circumvent mandatory pre-deposit condition

HC quashes assessee’s writ petition challenging assessment order, accepts Revenue’s preliminary objection to maintainability thereof on the ground that Maharashtra VAT Act contains multipl...View More