International Tax Ruling
CESTAT allows assessee’s appeal, remands issue for determination whether Food Processor accessories are assessable at MRP u/s 4A or at the transaction value u/s 4 of Central Excise Act, whe
...View More HC concurs with VAT Tribunal, classifies Titan’s ‘Nebula’ watch with precious stones / metals / diamonds as “Jewellery” taxable at 1% under Entry 13(ii) of Schedule-II to
...View More HC dismisses Revenue appeal, denial of MODVAT / CENVAT credit for lack of correlation between input scrap actually received and used in manufacture of excisable goods vis-a-vis scrap described in invo
...View More HC holds that ‘bearings’ manufactured for motor vehicles and agricultural tractors are covered by specific Entry C-II-146 of Bombay Sales Tax Act, 1959 (Act), not Entry C-II-102 as “
...View More CESTAT grants refund of 4% SAD on timber logs sold after paying sales tax/VAT, absent dispute that entire quantity so imported had been sold subsequently; Finds that Adjudication Authority did not dis
...View More Input Tax Credit not reversible by purchasing dealer under TNVAT Act where there is a mismatch of returns filed by such dealer with that of selling dealer; HC notes that since statute is silent on pro
...View More CESTAT rules that assembling various components into a computer system does not constitute ‘manufacture’, hence not liable to 'excise duty'; Referring to description of Automatic Data Proc
...View More SC partly allows assessee’s appeal, sets aside decision of Bombay Port declining the remission of demurrage charges claimed by assessee while directing appropriate decision on the application du
...View More HC allows assessee’s writ, quashes cancellation of advance license where Export Obligation (EO) discharged in Indian Rupees (INR), rejecting Revenue’s plea that said license could be issue
...View More HC disallows deduction of discount received from supplier under various schemes, by way of credit notes subsequent to sale of goods; Rejects assessee-dealer’s contention that such discount on sa
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