Notification No. 51 / 2012 – Customs Seeks to amend notification No.12/2012-Cus,dated 17.03.2012 to provide concessional rate of duty on Gold Findings and to extend the list of items under Sr. No.282
Notification No. 41/2012-Customs (ADD) Anti dumping duty on imports of Ductile iron Pipes, originating in, or exported from, China PR was imposed by Notification No. 103/2007-CUSTOMS, dated the 14th September, 2007 and would have expired on 13 September 2012. Now, the Government has extended it by another year till 12 September 2013.
Honorable ITAT held that It is not necessary that all categories of its business activities must start either simultaneously or the last stage must start before it can be said that the business was set up. Absence of flow of revenue irrelevant for deciding whether a business has been set up.
Neither Section 80HH nor Section 80I (as it then stood) statutorily obliged BRPL to maintain its accounts unit-wise and that it was open to BRPL to maintain its accounts in a consolidated form in order to put an end to the litigation between the Tax Department and the PSU we remit the case to the case to the AO
