Stay updated
The CESTAT, Ahmedabad in the matter of M/s China Steel Corporation India Pvt Ltd v. C.C.-Ahmedabad [Final Order No. A/ 10817 /2022 dated July 26,2022] has held that the assessee would be entitle to automatic refund of Extra Duty Deposit…
The Hon’ble Madras High Court in J.Ananad and K.Sivamani v. The Assistant Commissioner of Customs, Customs Division, Nagapattinam [Crl.O.P.No.14526 of 2020 and Crl.M.P.No.5548 of 2020 dated July 20, 2022] held that, the Magistrate without examining any witnesses cannot take cognizance…
During an investigation pertaining to M/s Oppo Mobiles India Private Limited (hereinafter referred to as ‘Oppo India’), a subsidiary company of “Guangdong Oppo Mobile Telecommunications Corporation Ltd”, China (hereinafter referred to as ‘Oppo China’), the Directorate of Revenue Intelligence (DRI)…
Following are the details of the Notifications issued regarding Customs duties on June 30, 2022. The details are as follows: I. INCREASE OF CUSTOMS DUTY ON GOLD Customs duty on gold has been increased from 10.75% to 15%. There has…
The Central Bureau of Investigation (CBI) has arrested two superintendents of Goods and Services Tax (GST) and a superintendent of Customs in Karnataka over bribery charges. In the first case, Madhusudhana Kavadiki and Ananth Narhari, both superintendents of GST in…
By, Ramesh Chandra Jena, B.A. (Hons.), M.A. (Eco.), D.M.M., LL.B, ADVOCATE & TAX CONSULTANT The deferred payment of Customs duty means delinking duty payment and Customs clearance. It is based on the principle ‘Clear first-pay later’. The aim is to…