- 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
CBIC from September 01, decides to implement automation under Customs through the IGCR (Import of Goods at Concessional Rate of Duty or for Specified End Use Rules); Thus, requires all Export Oriented Units (EOUs) to obtain IGCR Identification Number (IIN) on ICEGATE portal and register their IGCR bond for filing a bill of entry with IGCR benefit; The aims at Customs automation by allowin clearances to EOUs under IGCR; Once this module is activated, the same process would be used for clearances from SEZ to EOUs, as well: CBIC Circular
CBIC Circular No. 11/2024- Customs dated August 25, 2024.
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