Flash News

Rule 8 of Central Excise Rules 2002 : Can a defaulting manufacturer escape from back-breaking penal interest? (See detailed analysis in 'Breaking News' )    ||    Rule 8 of Central Excise Rules 2002 : Can a defaulting manufacturer escape from back-breaking penal interest? (See detailed analysis in 'Breaking News' )    ||    Some relief for computer companies; CESTAT rules windows and Additional / optional software cannot be treated as part of computer and subjected to excise duty (See Breaking News + '2004-TIOL-324-Cestat-Del' )    ||    Revenue Secretary takes charge of Pension Regulatory Authority but retains present charge as additional    ||    Assessee is entitled to interest on the amount of pre-deposit from the date fo expiry of three months from the date of final order (See '2004-TIOL-323-Cestat-Del' )    ||    Centre files petition in SC against Madras HC order on Company Law Tribunal    ||    Global oil prices reach 13-yr high of $ 40 a barrel; Indian petro companies look worried    ||    'Industrial dust' is not excisable product (See '2004-TIOL-322-Cestat-Del' )    ||    Commerce Ministry throws open Market Access Initiative Fund for global market analysis    ||    Fruits of long pepper plant are classifiable under 09.04 of Customs Tariff (See '2004-TIOL-325-Cestat-Mum' )    ||    DRI Ahmedabad & Gandhidham bust another Red Sanders gang operating from KSEZ; Seize consignment worth Rs 1.8 crore    ||    Filing of import manifest by Shipping agents/ Consol Agents : See 'What's New' for Public Notices issued by Chennai Port, Mumbai Customs, Delhi Customs & Mangalore Customs    ||    CBEC finally includes service tax in 'Reward Scheme' & also hikes upper ceiling to Rs 15 lakh (See 'Breaking News' for report + Amended notification in Pitara )    ||    See headnotes of latest RLT case laws in 'RLT Corner'    ||    Good news for Indian corporate losing market to fake manufacturers; Delhi Customs stops exports consignments for IPR violations (See 'Breaking News' )    ||    Major relief for WLL telecom service providers; Cestat rules fixed wireless terminal is classifiable under Heading 8520.19 of Customs Tariff and benefit of Notification No 21/2002 is admissible (See '2004-TIOL-321-Cestat-Del' )    ||    Rule 8 : A golden rule but as malleable as gold! (See analysis in 'Breaking News' )    ||    Customs authorities should only examine the exports goods and leave the eligibility to DEPB to DGFT; Goods under DEPB exports cannot be confiscated under Sec 113 and no penalty can be imposed under Section 114 (See '2004-TIOL-320-Cestat-Mum' )    ||    Download notifications related to extension of implementation of SEZ benefits from 'What's New'    ||    Cost of jobworkers cannot be added to assessable value of fabrics manufactured and cleared by assessee (See '2004-TIOL-319-Cestat-Del' )    ||    India ranks 34th among 60 countries judged on world competitiveness scale    ||    When exporter has been denied the benefit of drawback scheme, he is entitled to seek conversion of shipping bill into other scheme ( See '2004-TIOL-318-Cestat-Del' )    ||    DoP&T finally empanels 54 of 1984 Batch of IAS officers for promotion to JS-rank    ||    Setback for Coca Cola; ITAT confirms penalty and holds warehousing charges cannot be treated as payment to contractor u/s 194-C (See 'Other News' + '2004-TIOL-40-ITAT-Del' in 'Legal Corner' )    ||    Good news for buoyant automobile sector; Cestat rules cost of PDI & After Sale Service not includible in assessable value; CBEC Circular found unsustainable (See 'Other News' + '2004-TIOL-317-Cestat-Del' )    ||    CBDT finally forced into 'headless' status! (See 'The Insider' )    ||    Customs duty from 100% EoU for non-fulfilment of exports obligation can be recovered only after approval of Development Commissioner (See '2004-TIOL-316-Cestat-Del' )