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Archive: 15 February 2024

Posts in 15 February 2024

Foreign Supplier’s Higher Discount Doesn’t Imply Undervaluation: CESTAT Bangalore

February 15, 2024 723 Views 0 comment Print

CESTAT Bangalore sets aside differential duty in Hazel Mercantile Ltd. vs Commissioner of Customs case, emphasizing no demand on undervaluation due to higher discount on import.

Penalty Unsustainable: Lack of Evidence in Prohibited Goods Transportation Case

February 15, 2024 549 Views 0 comment Print

CESTAT Bangalore nullifies Rs. 1,00,000 penalty on B.K. Manjunath under Customs Act Section 114(1) due to lack of evidence in illegal export allegation.

Declared values can be rejected on solid evidence & not on arbitrary comparisons or databases

February 15, 2024 642 Views 0 comment Print

CESTAT Ahmedabad emphasizes the importance of evidence in rejecting bill of entry values in Deeplalit Enterprise P Ltd Vs C.C.-Ahmedabad case.

Delhi HC Directs Consideration of ITC Refund in Light of CBIC Circular

February 15, 2024 870 Views 0 comment Print

Explore the Delhi High Court’s directive to reconsider ITC refund application in light of CBIC circular, impacting Bharti Enterprises’ case. Full analysis inside.

ITAT Hyderabad Orders Review of Jewellers’ Demonetization Cash Deposits & Sales

February 15, 2024 1557 Views 0 comment Print

ITAT Hyderabad orders fresh examination of Bollam Sampath Kumar Jewellers’ cash deposits and sales during demonetization, highlighting the importance of documentation.

‘Let export order’ date is the date for determining Custom duty Rate: CESTAT Bangalore

February 15, 2024 2058 Views 0 comment Print

CESTAT Bangalore clarifies that the ‘Let Export Order’ date is crucial for determining the customs duty rate on exports, impacting refund claims.

No Penalty for Pre-SCN Classification Acceptance & Duty Payment: CESTAT Bangalore

February 15, 2024 1560 Views 0 comment Print

CESTAT Bangalore rules in favor of Minebea Intec, waiving customs penalty post voluntary duty payment before SCN issuance. Detailed insights here.

Selection/Recruitment for GST Appellate Tribunal Member Posts

February 15, 2024 6237 Views 0 comment Print

Apply now for Judicial and Technical Member positions in GSTAT across Principal and State Benches. Full details on eligibility and application process

Understanding Short Term Capital Gain Tax: Rules & Benefits

February 15, 2024 18411 Views 0 comment Print

Learn about short term capital gains tax under Section 111A: rates, exemptions, rebates, and conditions for applicability. Maximize tax benefits on equity investments.

Malaysian Airline System Berhad Vs DCIT: Taxability of Services to Indian Airlines

February 15, 2024 1137 Views 0 comment Print

Read the detailed analysis of the case between Malaysian Airline System Berhad and DCIT regarding the taxability of services provided to Indian airlines in Malaysia.

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