"15 September 2022" Archive - Page 2

Tariff Notification No. 77/2022-Customs (N.T.) Dated: 15th September, 2022

Notification No. 77/2022-Customs (N.T.) [S.O. 4344(E).] 15/09/2022

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 77/2022-CUSTOMS (N.T.)  Dated: 15th September, 2022. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi Notification No. 77/2022-Customs(N.T.) | Dated: 15th September, 20...

Electronic Duty Credit Ledger (Amendment) Regulations, 2022

Notification No. 79/2022-Customs (N.T.) [G.S.R. 705(E).] 15/09/2022

Electronic Duty Credit Ledger (Amendment) Regulations, 2022 – Notification No. 79/2022-Customs (N.T.), Dated: 15.09.2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi, the 15th September, 2022 Notification No. 79/2022-Customs (N.T.) G.S.R. 705(E).—In exercise of the powers co...

Arbitration clause is unenforceable till the payment of stamp duty on work order

Drooshba Fabricators Vs Indure Private Limited (Delhi High Court)

Held that there is no dispute that the work order was issued by the respondent but stamp duty on the same is not paid. Accordingly, arbitration clause would be non-existent in law and unenforceable till stamp duty is adjudicated and paid....

Application u/s 11 of A&C not maintainable for allegation of collusion between arbitrator & party

Sawera Township India Pvt. Ltd Vs Faisal Bin Tirif (Telangana High Court)

Held that allegation of collusion between the arbitrator and the opposite party cannot be decided in an application filed under section 11 of the Arbitration and Conciliation Act, 1996...

Duty demand unsustainable as no evidence adduced for clandestine removal

Principal Commissioner of Central GST & C. Ex. Vs Filatex India Ltd. (Bombay High Court)

Held that duty demand unsustainable in absence of any evidence that job work charges paid by the company to the job workers flowed back to them and in absence of any evidence that that the Company is involved in clandestine removal of goods...

Ownership needs to be proved for provisional release of seized goods

Commissioner of Customs (Import) Vs Dinesh Bhabootmal Salecha (Bombay High Court)

Held that goods can be released provisionally under Section 110A of the Act, only in favour of an owner. Provisional release of goods is not possible if the ownership of the goods in question is not proved....

Vadilal Paratha classifiable under Chapter heading 2106

In re Vadilal Industries Ltd. (GST AAAR Gujarat)

In re Vadilal Industries Ltd. (GST AAAR Gujarat) Whether the product viz. ‘Paratha’ i.e. various varieties of Paratha produced by the applicant merit classification under HSN Code 19059090 & Whether the product, namely, ‘Paratha’ i.e. all varieties of Paratha produced by the applicant are chargeable to 5% GST (i.e. 2.5% SGST a...

MVAT: Dealer cannot be treated as un-registered for technical issues on website

Homes 4 U Realtors Vs State Of Maharashtra (Bombay High Court)

Bombay HC set aside the assessment orders under the Maharashtra VAT Act whereby a Developer was assessed as un-registered dealer for the periods from 2011-12 onwards...

MCA amends definition of Small Company w.e.f. 15.09.2022

G.S.R. 700(E) 15/09/2022

MCA notifies Companies (Specification of definition details) Amendment Rules, 2022 amending the definition of small company w.e.f. 15.09.2022 the limit of paid up capital and turnover for the small company has been increased to Rs. Four crore (Earlier 2 Crs.)  and Rs. Forty crore (Earlier 20 Crs.) respectively. New small company limit: P...

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