The issue focused on strengthening public financial management for effective governance. ICAI emphasized reforms such as accrual accounting, transparency, and digital systems. The key takeaway is that robust PFM is essential for inclusive and sustainable development.
The issue concerns alternative settlement mechanisms for international trade. The framework allows INR-based transactions with flexible usage and repatriation of funds.
The ruling concluded that condenser fans designed for bus and vehicle air-conditioning are parts of air-conditioning machines. GST classification under Heading 8414 was held inapplicable.
Contributions to DMF, though linked to mining royalty, were held exempt from GST due to their public welfare character. The exemption applies only from the date of the appellate order.
The Authority examined whether imported girls’ slips resembled brassieres and held that absence of support features placed them under knitted underclothing. The ruling confirms classification under Heading 6108 for slips made of synthetic fibres.
The case examined whether rugged portable devices with scanning and connectivity features should be treated as communication equipment. The Authority held that since data processing is the principal function, the devices are classifiable as portable ADP machines under Tariff Item 84713090.
The ruling examined whether an enzyme-based premix used only in animal feed should be treated as an enzyme or a feed preparation. The Authority held that exclusive use as an animal feed premix justified classification under Heading 2309 rather than the enzyme heading.
Firms facing advisories, misconduct findings, or debarment face point reductions or outright ineligibility. The policy reinforces regulatory compliance as a condition for empanelment.
The issue concerned failure to furnish complete allottee details as required under Rule 14(6). The authority held the lapse attracted penalty under Section 450, reinforcing strict compliance in securities allotment filings.
The High Court quashed a reassessment for A.Y. 2015–16 where the Section 148 notice was issued after 1 April 2021. Relying on the Revenue’s binding concession before the Supreme Court, all consequential actions were set aside.
