The Tamil Nadu AAAR held that supply of food to corporate clients under contractual arrangements amounted to contract food service taxable at 18% GST. The authority ruled that menu planning, quality checks, delivery, and service obligations went beyond mere sale of food.
CAAR Mumbai refused to entertain an advance ruling application on roasted areca nuts after noting that the classification issue had already been decided by the Madras High Court. The Authority applied the statutory bar under Section 28-I(2)(b) of the Customs Act.
CAAR Mumbai rejected an advance ruling application after holding that the classification issue relating to roasted areca nuts had already been decided by the Madras High Court. The Authority applied the statutory bar under Section 28-I(2)(b) of the Customs Act.7
The Customs Authority for Advance Ruling held that the classification dispute concerning roasted betel and areca nuts had already been decided in earlier court proceedings. The applications were therefore rejected as barred by law.
RBI revoked the licence of a Mumbai-based co-operative bank after finding inadequate capital, poor earning prospects, and non-compliance with Banking Regulation Act provisions. The decision aims to protect depositors and safeguard public interest.
Notification 18/2026 amends concessional customs rates under India-UAE CEPA effective 13 May 2026. Importers claiming India-UAE CEPA benefits to face revised tariff concession structure under latest amendment.
Ministry of Finance hikes concessional import duty on gold, silver and platinum from 4.35% to 10% under Notification 57/2000-Customs effective 13 May 2026.
The ITAT Kolkata held that delayed filing of Form No. 67 cannot deprive an assessee of Foreign Tax Credit under Section 90 and the India-UK DTAA. The Tribunal treated the delay as a procedural defect.
Customs Notification 16/2026 Changes AIDC Structure for Gold, Silver and Platinum Imports – New customs notification modifies AIDC rates for bullion, jewellery components and recycled precious metal imports.
The Government has raised customs duty from 5% to 10% on several precious metals and related tariff items through Notification No. 15/2026-Customs. The amendment also introduces a special provision for spent catalyst and ash containing precious metals.
