Royalty paid for technology use in production is on net value of goods made in India; thus, it can’t be added to the value of finished goods imported for trading.
Madras High Court remanded Carl Zeiss India’s case for converting shipping bills under a drawback scheme to an advance authorization scheme. The Court found the time limit in a Board Circular unsustainable and directed authorities to consider the company’s documents for conversion eligibility.
CESTAT Delhi rules that issuance of a consignment note is essential for taxability under Goods Transport Agency (GTA), offering relief to Sitaram Jaggnath Prasad Sihotia.
CESTAT Ahmedabad rules non-inclusion of transportation costs in assessable value doesn’t justify denying CENVAT Credit, providing relief to APAR Industries Ltd.
Friends Cargo Services successfully appealed a revoked license, arguing they fulfilled KYC obligations and weren’t responsible for untraceable exporters.
In a recent ruling, CESTAT Ahmedabad states larger limitation period inapplicable for de-bonding after verification & issuance of no dues certificate.
CESTAT clarifies service tax demands cannot be based solely on ITR or 26AS statements. The department must prove service provision, recipient, and consideration. This decision upholds consistent rulings and protects businesses from unsubstantiated demands.
CESTAT directed the customs department to deliver a certified copy of their final order to Vedanta Limited following proper procedures. This ensures Vedanta receives the order and can exercise their appeal rights.
CESTAT Chennai rules redemption fine cannot exceed market value in Vinayaga Traders vs Commissioner of Customs case, setting precedent for import disputes.
CESTAT Chennai dismisses Commissioner of Customs appeal, upholding Suguna Poultry Farm’s refund claim under section 26A of the Customs Act.
