CBIC Notification 45/2025-Customs (N.T.) designates a common authority for M/s MB Crusher India Pvt. Ltd.’s customs show cause notices, effective June 30, 2025.
The CBIC has updated tariff values for imported edible oils, brass scrap, gold, silver, and areca nuts, effective July 1, 2025. This notification amends the existing customs tariff values, impacting various commodities for duty calculation.
CESTAT Delhi held that re-determining the value under residual provisions of rule 9 of the Customs Valuation rules without rejecting the transaction value is not sustainable in law. Accordingly, appeal allowed.
CBIC celebrates GST Pakhwada, signs MRA with South Africa, supports school under Swachhta, and issues its 100th newsletter on GST’s 8th anniversary.
ITAT Bangalore quashed a Section 263 revision order concerning a Section 54F deduction, citing insufficient inquiry by Assessing Officer and lack of adequate opportunity for taxpayer.
India extends Minimum Import Price of ₹20,108/MT on Soda Ash under 3 HS codes until 31 Dec 2025, as per DGFT Notification No. 23/2025-26 dated 30 June 2025.
India extends quantitative import restrictions on Low Ash Metallurgical Coke until December 31, 2025, maintaining country-wise quotas as per DGFT notification.
CESTAT Delhi held that statement recorded under section 108 of the Customs Act cannot be considered as evidence under section 138B of the Customs Act. Accordingly, demand based on the statement recorded cannot be sustained. Thus, order set aside and appeal allowed.
ITAT Ahmedabad deletes arbitrary disallowances under Section 40A(2)(b), emphasizing AO’s burden to prove excessiveness in related party transactions.
ITAT Mumbai quashes reassessment notices for Rising Star Investment for AY 2017-18, citing jurisdictional defects and lack of proper sanction. Also deletes Section 56(2)(viia) addition based on DVO report.
