- HC : Copy of Delhi HC-judgment holding redemption fine forms part of ‘duty, interest, penalty’ under SVLDRS
- SC : Rajasthan’s VAT exemption to locally manufactured Asbestos-Sheets & Bricks, discriminatory under Article 304(a); Strikes-down Notification
- SC upholds tax on ink & chemicals utilized in lottery-ticket printing under works contract
- SC : Ink & chemicals used in lottery-ticket-printing under works-contract taxable as 'sale'; Finds tangible transfer
- SC : Upholds ITC benefit for purchaser-dealer despite selling-dealer's failure to deposit tax
CBEC revises amount of insurance to be provided by Customs Cargo Service Provider, same shall be equal to average value of goods likely to be stored in Customs Area for a period 10 days (based on projected capacity); Further, reduces value of courier bond to be furnished in respect of imported/export goods to the extent of 10 days’ storage from current 30 days
Circular No. 42/2016-Cus dated August 31, 2016
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