News Update

SC tosses out Jharkhand State appeal in Deoghar airport caseCX - Prices under MoU for inter-supply of petroleum products, designed to ensure nationwide distribution, do not constitute 'transaction value' and are exempt from excise duty due to their non-commercial nature: SCCus - Import of Wireless Access Points which operate on MIMO technology, are exempt from Customs duty: HCCus - Imported Wireless Access Points, which only use Multiple Input/Multiple Output technology, are entitled to BCD exemption as per Notification No. 24/2005-Cus as amended: HCNDPS - Procedural irregularity in applying provisions of Sections 50 & 52A lack merit, where the same does not invalidate evidence against accused: HCNDPS - Heroin seized from claimant is in commercial quantity; applicant gives no reasonable grounds to assure that offence will not be repeated while on bail - bail denied: HCGST - Penalties should reflect legislative intent, ensuring proportionality, moderation, & fairness: HCGST - Section 129, governing detention, seizure, & release of goods in transit does not supersede Section 126, which mandates moderation in penalty imposition for minor breaches or procedural lapses: HCGST - non obstante clauses should not be interpreted as overriding or nullifying other statutory provisions unless clearly intended by the Legislature: HCGST - Exclusion of Section 126(6) for fixed penalties reflects legislative intent to distinguish between discretionary & non-negotiable penalties, ensuring uniformity in cases involving fixed sums or percentages: HCGST - Non obstante clauses like those in Sections 129 & 130 of CGST Act must be contextually construed & not interpreted as creating inevitable levy of tax or penalty: HCImporting 'Dates'- The Country of Origin conundrumTrump grants oxygen to TikTok for 75 daysCus - Principal Commr's finding is based purely on conjectures and surmises; was not justified in ignoring the certificate of origin and whose authenticity has not been doubted by the competent UAE authority, nor has it been cancelled: CESTATTrump orders assessment of tariffs against Canada, China and MexicoST - Assessee cannot claim non-receipt of O-i-O, where it is delivered at assessee's address by the Postal Department, with proper acknowledgement: CESTATTrump says US to withdraw from Paris Climate treatyST- Credit of service tax in respect of testing and analysis service is eligible as input service: CESTATPresident Trump announces crackdown against immigrants on Mexico border + vows to take control of Panama Canal + No work from home for federal staff + pardon for Jan 6 rioters + suspends US refugee program - 1600 Afghans stuckMusk flags China’s ban on X as TikTok talks continueST - Composite works contracts are classifiable under Works Contract Service, effective from June 1, 2007, & cannot be taxed under other heads prior to this date: CESTATTanzania confirms spread of Marburg virus diseaseCX - Error in address being an inadvertent mistake by service provider, is not a valid reason to deny CENVAT credit: CESTATSenate confirms Marco Rubio as Secretary of StateI-T- Passing assessment order in the name of a non existing entity is an error which cannot be rectified under the provisions of Section 292B: ITATTrump announces DOGE advisory group; Vivek Ramaswamy quits DOGENo pause to raging violence; Colombia declares state of emergency against left-wing guerrillas24 Companies selected under PLI Scheme for White GoodsFresh guidelines for implementation of e-Office in Central SecretariatMeitY develops 'Entity Locker' for business document management
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Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy