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A company is run under the directions of its management more specifically Board of Directors. The Board decides number of deliberations; executions which will impact a company in long run and also decide the future also. The Board committees consisting of both executive and non-executive directors established to advise, review, and appr...
Read MoreTax treatment of imported goods stored in a warehouse and sale made therefrom, has always been an apple of discord in Indirect Taxation which continues to trouble our courts very bitterly. It has been witnessed that stand of Department in this issue has remained fairly unchanged as they have always maintained the position that in such sit...
Read MoreWhen India is going through a period of economic slowdown, it faces another setback as the World Trade Organisation (WTO) dispute settlement panel has held that the country’s domestic export subsidy programmes under Foreign trade policy are illegal and violates, WTO rules. The three member dispute settlement panel rejected IndiaR...
Read MoreCentral Board of Indirect Taxes and Customs (CBIC) has recently issued Notification Notification 69/2019-Customs (N.T.) dated 01 October 2019. Please find below brief of the update for your reference. This notification has been issued to issue new regulation namely “Manufacture and Other Operations in Warehouse (no. 2) Regu...
Read MoreAEO is a voluntary programme. It enables Indian Customs to enhance and streamline cargo security through close cooperation with the principle stakeholders of the international supply chain viz. importers, exporters, logistics providers, custodians or terminal operators, custom brokers and warehouse operators. The Circular 33/2016 – Cust...
Read MoreGovernment has removed 5% Basic Custom Duty (BCD) on open cell (15.6 and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV Panels vide Notification No. 30/2019-Customs dated 17.09.2019, till September 2020....
Read MoreFinance Minister Launches two new IT Initiatives -ICEDASH & ATITHI for improved monitoring and pace of Customs clearance of imported goods and facilitating arriving international passengers. ICEDASH : Ease of Doing Business monitoring dashboard of the Indian Customs helping public see the daily Customs clearance times of import cargo. ATI...
Read MoreCentral Board of Indirect Taxes and Customs has launched a revamped and streamlined programme to attract investments into India and strengthen Make in India through manufacture and other operations under bond scheme, under Customs Act, 1962. Section 65 of the Customs Act, 1962 enables conduct of manufacture and other operations in a cus...
Read MoreThe Central Bureau of Investigation has arrested an Appraising officer, Duty Drawback Section, Air Cargo Complex, Mumbai for demanding and accepting a bribe of Rs.10,000/- from the complainant....
Read MoreGovernment of India compulsorily retires 15 Senior Officers of the Indian Revenue Service (C &CE) with immediate effect In exercise of the powers conferred by Clause (j) of Rule 56 of the Fundamental Rules, the President of India has retired 15 officers of Indian Revenue Service (IRS)(C&CE) in public interest with immediate effe...
Read MoreHetero Labs Limited Vs Assistant Commissioner (Telangana High Court) - Hetero Labs Limited Vs Assistant Commissioner (Telangana High Court) Demand of duty and interest when delay on part of authorities processing necessary redemption certificate: The assessee was exempted from payment of customs duty by Notification No. 96/2009-Cus. subject to condition that evidence o...
Read MorePathange & Co. Vs Commissioner of Customs (CESTAT Hyderabad) - The short point to be decided is whether the consignment MFD copiers imported prior to 05.06.2012 when the restriction was imposed upon them are liable to confiscation under section 111(d) for violation of Foreign Trade Policy....
Read MoreSai Exports Vs Commissioner of Customs (CESTAT Chennai) - CESTAT Chennai has held that the difference in the declared value and the value in the NIDB database does not constitute in itself a 'reasonable doubt' needed to reject the transaction value under Rule 12 of Customs Valuation (Determination of Value of Imported Goods), 2007. It was held that simply ...
Read MoreGemini Edibles and Fats India Pvt. Ltd. Vs Union of India (Madras High Court) - Gemini Edibles and Fats India Pvt. Ltd. Vs Union of India (Madras High Court) Point for consideration in this writ petition is as to whether the Revenue is justified in debiting the Social Welfare Surcharge (SWS) also from and out of the value of the relevant scrips issued under two schemes viz., ME...
Read MoreAssistant Commissioner of Custom Vs Navaskhan (Madras High Court) - Assistant Commissioner of Custom Vs Navaskhan (Madras High Court) The present criminal revision petition is filed against the order of the learned Judicial Magistrate No.I, Trichy in C.C.No. 167 of 2018 dated 18.07.2018 sentencing the respondent to convict him imprisonment till the rising of Court a...
Read MoreNotification No. 05/2020-Customs (N.T.) - (16/01/2020) - Exchange Rates Notification No. 05/2020-Customs (NT) dated 16th January, 2020 Notifying Customs Rate of Exchange of Foreign Currency Conversion w.e.f. 17th January, 2020. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification ...
Read MoreCircular No. 03/2020-Customs - (15/01/2020) - Since the facility of beneficiary uploading these documents through e-SANCHIT will be deactivated from 31.01.2020, beneficiary registration is of utmost importance. Hence, all the formations are requested to reach out to the beneficiaries to ensure that correct email addresses are reflected in the I...
Read MoreNotification No. 04/2020-Customs (N.T.) - (15/01/2020) - Tariff Notification No. 04/2020-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver – reg Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 04/20...
Read MoreNotification No. 03/2020- Customs (N.T.) - (15/01/2020) - Notification No. 03/2020- Customs (N.T.)- Notification of Ghasuapara LCS for imports also by amendment of Notification No. 63/1994-Customs dated 21st November 1994 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2020- Customs (N.T.) New Delhi, the 15th January, 20...
Read MoreNotification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI) - (14/01/2020) - Appointment of CAA by DGRI vide Notification No. 4/2020-Customs (N.T./CAA/EXTENSION/DRI) Dated: 14th January, 2020 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 4/2020-Customs (N.T./CAA...
Read MoreHetero Labs Limited Vs Assistant Commissioner (Telangana High Court) -
Pathange & Co. Vs Commissioner of Customs (CESTAT Hyderabad) -
SPL Technologies Pvt. Ltd. Vs Principal Commissioner of Customs (Import) (CESTAT Delhi) -
Kailash Bahiru Jadhav Vs Commissioner of Customs (Export) (CESTAT Mumbai) -
Lenovo (India) Pvt. Ltd. Vs. Commissioner of Customs (Import) -(CESTAT Mumbai) -
Tushar Trading Company Vs Principal Commissioner of Customs (CESTAT Delhi) -
Lulu International Convention Centre Pvt Ltd Vs Commissioner of Customs Cochin-cus (CESTAT Bangalore) -
Naitik Enterprise Vs Union of India (Gujarat High Court) -
Silicone Concepts International Pvt. Ltd. Vs Principal Commissioner of Customs (CESTAT Delhi) -
Amandeep Singh Sehgal Vs Commissioner of Customs (Preventive) (Delhi High Court) -
