News Update

Anti-dumping duty on imports of FKM from China extended till Nov 27, 2020Bilateral Netting - A Step Towards A Vibrant Financial Sector (See 'http://tiolcorplaws.com/')Balance Euphoria over Corona Vaccine with Rationalism ShotsUS files appeal against WTO panel decision in favour of China in tariff war caseRevised E-way bill not uploaded on portal - goods and vehicle detained - same can be released on furnishing BG for the amount covered by the notice issued u/s 129(3): HCIncome Tax searches in NCR, huge accommodation entries detectedUnion Budget 21 - MoF seeks direct & indirect taxes related suggestions from Industry & TradeIndia moving towards gas-based economy: PMGovt extends facility of childcare leave to male employeesInadequacy of reasons or the correctness of reasons can always be effectively agitated in an appeal - Petitioner relegated to alternate remedy available: HCGST - Department's interest is to be taken care of - as per s.107(6) of the Act, against a crystallised demand, assessee has to deposit 10% of disputed demand - SCN proceedings stayed subject to petitioner maintaining minimum of 10% of disputed ITC availment in electronic credit ledger: HCCBDT diverts 380 posts of ITOs under newly created jurisdictional hierarchyST - Since matter is settled under the SVLDRS, 2019, appeal dismissed as withdrawn: HCCus - Since permission granted for mutilation of imported goods, no live issue survives for adjudication: HCCus - Considerable discretion is vested on Licensing Authority with regard to grant or rejection of a licence under Ammonium Nitrate Rules - order refusing to grant a P5 licence needs no interference: HCImport of Tur - Validity of licence extendedCus - There is no reasoning given for adoption of revised values and the Rules under which the same is arrived at - This certainly amounts to violation of principles of natural justice: CESTATGST compliances - A constructive move towards automationCX - Buyer's premises can never be the place of removal, therefore, freight charges from factory/depot/consignment agent up to the buyer's premises cannot be included in the assessable value, even if the goods are sold or delivered at the buyer's premises: CESTATIndia all set to appeal against Voda Arbitral caseAir pollution in National Capital - SC defers order appointing one-man panel headed by Justice Madan Lokur as Centre promises new lawSearch assessment u/s 153A is non est where initiated in respect of a non existent entity: ITAT
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