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Archive: 14 June 2022

Posts in 14 June 2022

SC Explains extension of IBC section 14 Bar to action under SARFAESI

June 14, 2022 6060 Views 0 comment Print

Understand the extension of IBC section 14 Bar to actions under SARFAESI. Learn how this ruling impacts enforcement of security interests in corporate debtor cases.

GST Refund sanction in FORM GST RFD-06 should be speaking order: CBIC

June 14, 2022 22377 Views 0 comment Print

CBIC vide Instruction No. 03/2022-GST instructs GST officials to upload Speaking Order along with GST Refund sanction order in FORM GST RFD-06 and also specified that Post-Audit may be conducted within 3 months from issue of FORM GST RFD-06 order for GST Refund claims exceeding Rs. 1 Lakh. F. No. CBEC-20/16/35/2019-GST Government of India Ministry […]

Cost Inflation Index for Financial Year 2022-23

June 14, 2022 19893 Views 0 comment Print

CBDT notifies Cost Inflation Index for Financial Year 2022-23 at 331 vide Notification No. 62/2022-Income Tax | Dated: 14th June, 2022.

Optoma data projectors classifiable under sub-heading 85286200

June 14, 2022 687 Views 0 comment Print

In re Audio Distribution House Pvt. Ltd (CAAR Mumbai) CAAR held that projectors Optoma X309ST, Optoma X319ST, Optoma W319ST, Optoma ZW350 and Optoma ZX300 are classifiable under sub-heading 85286200 of the first schedule to the Customs Tariff Act, 1975 and would be eligible to avail benefit of Sr. No. 17 of Notification No. 24/2005-Customs, dated […]

Creative Touch 5- series Interactive Flat panel (IFP) merit classification under CTH 8471

June 14, 2022 1272 Views 0 comment Print

CAAR held that Creative Touch 5-series Interactive Flat Panel (IFP) (Model-5652RK, 5752RK, 5862RK) merit classification under sub heading 8471 4190 of the first schedule to the Customs Tariff Act, 1975.

TC77 series touch computer not classifiable as smartphones

June 14, 2022 663 Views 0 comment Print

TC77 series touch computer, which is a handheld mobile computer used for asset inventory management purposes, Singapore Customs ruled (ref. No. CRL-211217-0036) that the product is classifiable under subheading 84713090. Therefore, notwithstanding the WCO classification advice to the contrary, it is my considered opinion that the devices under consideration are not classifiable as smartphones. They merit classification under subheading 84713090.

GST not apply to Services rendered abroad- Refund allowable

June 14, 2022 3126 Views 0 comment Print

Jar Productions Private Limited Vs Union of India (Bombay High Court) Agreement executed between the petitioner and the ASCL shows that the approved production budget includes all costs in connection with the production services including the amount of Indian Goods and Services Tax Act. This shows that GST is included in all costs in connection […]

No contravention by Sun Pharma in Sale of FluGuard 400mg tablet: CCI

June 14, 2022 723 Views 0 comment Print

Ashwani Kumar Singla Vs Sun Pharmaceutical Industries Limited (Competition Commission of India) The Commission observes that while determination of price of a drug and the aspects pertaining to its labeling may not be in the domain of the Commission, however, any unfair or discriminatory conduct in relation thereto by a dominant entity can be assessed […]

7 Vendors guilty of Cartelisation in supply of Protective Tubes to Railways: CCI

June 14, 2022 1521 Views 0 comment Print

In re Cartelisation in the supply of Protective Tubes to Indian Railways (Competition Commission of India) Facts: 1. The present matter was initiated by the Commission suo motu, pursuant to receipt of an application under Section 46 of the Competition Act, 2002 (Act) read with Regulation 5 of the Competition Commission of India (Lesser Penalty) […]

Not providing warranty for refurbished products is not abuse of position: CCI

June 14, 2022 1098 Views 0 comment Print

Hexa Communications Private Limited Vs Atos India Private Limited (Competition Commission of India) The Commission, in the facts and circumstances of the present case, observes that there shall not be any requirement of defining a precise relevant market for the assessment of dominance of the Opposite Party. The products of the Opposite Party, namely, enterprise […]

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