International Tax Ruling
Dealer entitled to deduction of post sale discount i.e. subsequent to issuance of tax invoice through credit / debit note under Karnataka VAT Act / Rules, provided same is a customary practice in trad
...View More SC dismisses Revenue SLP, finds no ground to interfere with Bombay HC ruling which extended benefit of cross utilization of exports in terms of Para 5.4 of FTP for EPCG export obligation fulfillment;
...View More CESTAT grants refund of CENVAT credit reversed in terms of Rule 6(3)(b) of CENVAT Credit Rules (CCR) on clearance of tractors for testing, owing to subsequent export under Bond; Rejects Commissioner (
...View More SC grants relief to assessee on limitation, quashes differential excise duty demand on printing of PVC films / sheets; Refuses to consider classification issue, where Revenue sought classification of
...View More CESTAT rules in assessee’s favour, Alloy Steel Forgings (machined) in unfinished form for use rings for Bearing and Gear Blanks, classifiable under Chapter Heading (CH) 732616 (i.e. articles of
...View More CESTAT rules in favour of assessee, allows CENVAT credit on H.R. Sheets of less than 4 mm thickness used as substitutes in manufacture of motor vehicle parts, upon unavailability of H.R. Sheets of 4 m
...View More SC dismisses Revenue appeal, grants concessional excise duty benefit on manufacture of ‘Strepto Penicillin Injection’ by assessee; Rejects Revenue’s stand that said product a combina
...View More CESTAT Third Member concurs with Member (Technical), remands issue of CENVAT credit refund entitlement on export of services of (i) maintenance of software, (ii) testing, (iii) re-engineering and (iv)
...View More CESTAT allows Status Holder Incentive Scheme (SHIS) benefit under Notification No. 104/2009-Cus towards clearance of equipment for continuous annealing line / galvanizing line in cold rolling mills co
...View More SC dismisses Revenue SLP, affirms Gujarat HC conclusion that, proviso to Notification No. 25/2010-Cus., levying customs duty on electricity cleared from SEZ to DTA, is ultra vires Articles 14 and 265
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