Delhi High Court held that the petitioner is liable to pay excise duty on leftover stock of liquor transferred by two erstwhile licensees, both the erstwhile licensees and the Petitioner are one and the same. The manufacturer and seller of the liquor was only one i.e. the Petitioner and hence excise duty payable.
CESTAT Delhi held that revocation of customs broker licence and penalty action thereof on customs broker justified as he duly facilitated export of Prohibited items i.e. Gutkha pouches.
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CESTAT Chennai delivers relief to Vedanta Limited, ruling that no Service Tax is leviable when no consignment note is issued to the service recipient.
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Discover how ITAT Mumbai’s recent ruling affects capital gain exemption under section 54F for properties purchased outside India.
