International Tax Ruling
Bombay HC rejects challenge to amendment to Rule 58 of Maharashtra VAT (MVAT) Rules vide Notification dated January 29, 2014 and ensuing Trade Circulars 7T of 2014 and 12T of 2014, dismisses petitione
...View More ‘Decorative Stained Glass’ products taxable @ 4% as ‘Handicrafts’ under Sl. No. 128 of Third Schedule in terms of Sec 4(1)(b) of Delhi VAT Act, not as unclassified items @ 12.5
...View More CESTAT grants major reprieve to ‘Frit’ manufacturers in Gujarat, quashes Revenue's large scale demand towards clandestine removal and undervaluation of Ceramic Glazed Frits sold to Tile ma
...View More HC upholds Tribunal’s order, best judgement assessment u/s 41(7) of Gujarat Sales Tax Act (Act), where assessee has not employed any proper method of accounting, would be governed by time limit
...View More Interest recovery u/s 11AB of Central Excise Act on suo motu reversal of wrongly availed CENVAT credit barred by limitation; On plain reading of Sec 11AB, it is clear that interest on delayed duty pay
...View More CESTAT allows assessee's appeal, no duty payable on spare parts imported duty free to replace damaged and worn out parts of machinery and capitalised as part of 'capital goods', when in-principle appr
...View More SC allows Revenue appeal, quashes CESTAT order classifying ‘Guar Dal Powder’ under Chapter Heading 11.01 as a product of milling industry, dutiable at Nil rate; Notes opposing views of CES
...View More CESTAT grants service tax exemption under Notification No. 14/2004-ST on commission paid to overseas agents for procuring textile export orders, thereby rejecting Revenue’s demand for service ta
...View More CESTAT allows input credit on indigenously procured / imported Copper Ingots, Wire Bars, Copper Alloy, Ship Breaking material for copper scrap manufacture; Rejects Revenue contention that it is econom
...View More CESTAT allows benefit of Compounded Levy Scheme under Rule 96ZNA to 96ZNB of erstwhile Central Excise Rules 1944, holds Adjudicating Authority unjustified in rejecting valuation of investment in plant
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