Held that refund u/s 27 against duty paid on self-assessment basis not admissible unless the self-assessment is modified through an appeal.
CBIC extends anti-dumping duty on imports of Toluene Di isocyanate for a period of 5 years unless revoked earlier vide Notification No. 28/2022-Customs (ADD) | Dated: 21st September, 2022. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 28/2022-Customs (ADD) | Dated: 21st September, 2022 G.S.R. 717(E).—Whereas, the designated authority, vide notification No. 7/26/2021-DGTR, dated […]
Amendment to Notification No. 75/2021-Customs (ADD) dated the 21st December, 2021 related to anti-dumping duty on imports of Hydrofluorocarbon (HFC) Component R-32 vide Notification No. 27/2022-Customs (ADD) | Dated 21st September, 2022. MINISTRY OF FINANCE (Department of Revenue) the 21st September, 2022 New Delhi Notification No. 27/2022-Customs (ADD) | Dated 21st September, 2022 G.S.R. 716(E).—Whereas, […]
CBIC notifies Notification No. 80/2022-Customs (N.T.) | Dated: 21st September, 2022 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 80/2022-Customs (N.T.) | Dated: 21st September, 2022 G.S.R. 718(E).—In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, […]
There have been some media reports which states that ‘Oil Ministry seeks windfall tax review’. The reports, quoting Ministry of Petroleum & Natural Gas’ letter of August, 2022 have stated that the Ministry has sought changes in the levy of Special Additional Excise Duty (SAED). These reports are misleading. It is clarified that the levy […]
Adani Enterprises, along with its subsidiary AMG Media Networks Ltd., on August 24 launched a hostile takeover attempt of NDTV in an expansive bid to foray into the Media and Entertainment Industry.
Small Company definition further revised by increasing thresholds for paid-up capital from ‘not exceeding Rs 2 crores’ to ‘not exceeding Rs 4 crores’ and turnover from ‘not exceeding Rs 20 crores’ to ‘not exceeding Rs 40 crores’
Whether Target Company need to comply with procedural compliances in terms of Regulation 29 of Takeover Regulations and under SEBI (Prohibition of Insider Trading) Regulations (PIT Regulations). Exemption under the Takeover Regulations is provided only from making an open offer but not from the necessary disclosure requirements. Hence, the compliances provided inter-alia under Regulation 29 […]
Create Consults Vs State of Madhya Pradesh (Madhya Pradesh High Court) While generating the e-way bill, on account of a bonofide error, instead of detail of AVGOL India Pvt. Ltd. (Supplier), petitioner mentioned its own details. Meaning thereby the petitioner made attempt to demonstrate that the e-way bill which was generated by petitioner, should have […]
High Court held that reasons provided to the petitioner did not contain any information but it is titled as ‘cash related information detail’ and such information cannot be said to be sufficient for reopening of the assessment.
