"16 October 2010" Archive

Notification No. 90/2010-Customs (N. T.), Dated: 16th October, 2010

Notification No. 90/2010-Customs (N.T.) 16/10/2010

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus ...

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No Input Tax Credit under PVAT Act on Purchase of Diesel used for capitve generation of electric power

The Honourable Punjab and Haryana High court has held in an important decision in the case of State of Punjab & others. Vs. M/s Malwa Cotton & Spinning Mills Ltd. (decided on 24/08/2010) reversing the decision of the Punjab VAT Tribunal that no input tax credit will be available on the purchase of Diesel used in generation of electric pow...

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