News Update

Hungary decides to withdraw from International Criminal CourtGoyal to inaugurate Startup Mahakumbh at Bharat MandapamPM Modi holds talks with Thai leadership; stresses on N-E emerging as connectivity hubGST - Once orders are passed in violation of principles of natural justice, Court cannot impose any condition requiring petitioner to make any deposit - However, voluntary payment of 25% of disputed tax accepted and matter remanded: HCDoT intensifies action to curb Unsolicited Commercial CommunicationGST - When respondents intended to pass orders confirming demand, they ought to have provided an opportunity of hearing - Dropping proceedings, based on reply filed, can very well be done: HCTrumps withdraws exemption for small parcels from ChinaGST - Time limit prescribed u/s 73(2) for issuance of SCN is mandatory and if there is any violation of the aforesaid period, the same would render the SCN otiose: HCRailways achieves Rs 2.56 Lakh Crore Revenue in 2023-24GST - Appeal has been rejected stating that no application for adjournment was submitted and no further adjournment can be allowed - Grounds canvassed in the appeal petition have not been adverted to by the appellate authority - Matter remanded: HC10 killed as bus and microbus bump into each other in BangladeshGST - Cancellation of registration - Ends of justice would warrant the petitioner being accorded an opportunity to furnish a response to SCN: HCNHAI achieves robust growth in National Highway ConstructionGST - Authority has failed to assign or accord any reasoning or even allude to the response submitted by petitioner, while confirming the demand - Order unreasoned, hence will not sustain: HCGST Council needs to focus more on structural flaws rather than 'scalpelling'!Cus - Penalty imposed on steamer agent for exporting goods with cancelled LEO - export remittance was received, indicating that export indeed occurred; Customs website reflected goods as ready for shipment - penalty quashed: CESTATIndia-Australia Trade Agreement celebrates 3rd Anniversary of signingCus - Exemption under EPCG scheme cannot be denied solely on grounds that it was not claimed at the time of import of relevant goods; exemption can be claimed at time of de-bonding of the goods: CESTATIndia surpasses US and Europe by producing 1,681 LocomotivesST - Reimbursable expenses, operational surplus and freight brokerage are not taxable under CHA or Business Auxiliary Services: CESTATGovt spurs Chip Manufacturing with Fiscal Support42 Organizations publish 1459 write-ups under Anubhav Awards SchemeDFS Secretary chairs meeting on revamping of Central KYC RecordsI-T- Anonymous Donation Addition Under Section 115BBC Requires Proper Verification : ITATTrump’s ‘Liberation Day’ - 10% baseline tariff on all exporters + 34% on China + 26% on India; 25% on South Korea; 24% on Japan & 20% on EUI-T- Requirement to Consider All Grounds for Condonation of Delay in Appeals : ITATImpact of tariffs - Gold hits new high + bonds surge but stocks nosediveCentre imposes President’s rule in ManipurTrump exempts oil imports from tariffsI-T- Assessment Order Can Be Revised Under Section 263 If Key Issues Remain Unverified : ITATTrump relents on friends - Just 10% tariff on UK and Australia
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