CBIC issued Notification No. 40/2023-Customs Dated: 30th June, 2023 to increase standard tariff for Liquified Petroleum Gas (LPG) falling under specific tariff items in First Schedule of Customs Tariff Act, 1975.
Govt revised interest rates for various Small Savings Schemes for the second quarter of the financial year 2023-24, effective from July 1st to September 30th, 2023. This article provides an analysis of the revised rates, highlighting the changes for each scheme. Stay informed about the latest interest rates for Small Savings Schemes in India.
Delve into the GST AAR Gujarat ruling on tax and classification of veterinary instruments, specifically AI Crate/Travis. Get informed insights.
Explore the GST AAR Gujarat ruling on the classification of Rapigro under the Customs Tariff Act & GST Act, and its applicable tax rate
Classification of non-textured fabrics must be based on nature and material coated as end use of a product could not be a criteria for classification, the other parameters such as the nature of cloth, nature of coating etc were required to be ascertained to classify the fabrics.
Delhi High Court granted regular bail on the reasonable grounds based on which it can be believed that the petitioner is not guilty of offence under section 3 of PMLA and also that petitioner has materially co-operated in the investigation.
Karnataka High Court held that exemption to an education institution with regard to payment of property tax is provided under section 94(1-A)(i) of the Karnataka Municipalities Act, 1964 and the said exemption is absolute.
Read the analysis of the Bombay High Court’s judgment in the case of Aurobindo Pharam Limited Vs NYK Theseus. The court distinguishes between commonality or common ownership and the need for deceit or fraud to lift the corporate veil and establish the concept of alter ego.
Read the guidelines issued by the Pension Fund Regulatory and Development Authority (PFRDA) for Point of Presence (PoPs) performing activities in the National Pension System (NPS). This circular outlines the service standards, standard operating procedures, subscriber on-boarding procedure, contribution management procedure, reports and disclosures, redressal of grievances, and other functions to be followed by PoPs. Stay informed about the guidelines and ensure compliance for effective NPS operations.
In a landmark ruling, CESTAT Ahmedabad ruled that the Cenvat credit is applicable on cement and steel used in Commercial and Industrial Construction Services, marking a key interpretation of Cenvat credit rules.
