Equipment using three-phase power, higher current ratings, larger dimensions, or heavier configurations may be exempt from compulsory registration if annual imports or production remain below 100 units per model.
CAAS suggested that while favourable outcomes may be automated, adverse actions should require a named officer’s approval supported by recorded reasons. The proposal seeks to balance technological efficiency with procedural fairness.
CAAS emphasized that smaller businesses may require adequate time, software readiness, and stakeholder awareness before adapting to the revised framework. The recommendation seeks a phased and sustainable implementation model.
CAAS urged Gujarat authorities to stop rejecting certificates merely because they do not mirror prescribed formats. The representation argues that ICAI-compliant disclosures should be accepted if all required information has been duly certified.
The order emphasizes that delayed filing may regularize compliance but does not extinguish the offence committed during the period of default. Penalties remain payable for the duration of the continuing contravention.
Penalties were imposed not only on the company but also on its officers in default for delayed filing of the return of allotment. The ruling emphasizes directors’ responsibility in ensuring adherence to corporate compliance requirements.
The order arose from the allotment of shares against loans received from shareholders and directors without satisfying the conditions prescribed under Section 62(3). The ruling reiterates that post-facto adjustments cannot substitute mandatory corporate approvals.
The Rajasthan GSTAT Bar has urged the Tribunal to adopt a pragmatic approach by accepting pre-deposits made through the Electronic Credit Ledger and refraining from objecting to original Hindi records filed with appeals.
Government issues Section 28A notification exempting customs duty on nuclear power generation goods under tariff item 84013000 imported till Jan 31, 2026.
Government extends countervailing duty on aluminium wire/wire rod imports from Malaysia up to 23 March 2027 through Notification No. 3/2026-Customs.
