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HC set aside press release as it cannot alter product classification which is the function of a judicial or quasi-judicial authority: HC
Auto component manufacturer Bosch announced on Thursday that has been issued a demand of over ₹140 crore, along with interest, from the Indian customs authority on grounds of differential duty on oxygen sensors.
Uno Minda Limited has received an order from the Office of the Commissioner of Customs, Chennai-II, Import, concerning the misclassification of HSN (Harmonized System of Nomenclature) on imported goods.
Settling yet another classification issue related to works contracts for railways involving services given to Rail Vikas Nigam Limited (RVNL), the Madurai Bench of the Madras High Court has clarified that any services given to railways will be charged at 12% GST under a special concessional rate and not at 18%, even when the direct purchasing entity is not Indian Railways.
The Uttar Pradesh AAAR, in the case of S.S. Traders ruled that manufacturing of ‘cream’ which will contain vegetable fat to extent of 23% is nothing but a preparation of vegetable oil, classifiable under Heading No. 1517 90 90 and attract GST @ 5%.
The Hon’ble Madras High Court in the case of M/s Veeram Natural Products held that the aluminium foil container is classifiable under Chapter Heading 7615 of the Customs Tariff Act, 1975 with 12% of GST based on Apex Court Judgment.
The Central Board of Indirect taxes and Customs (CBIC) is planning to prepare a list of products which end up in litigation purely due to classification issues. The fitment committee is likely to look into such items where there is…
Please refer the notice dated 04.01.2024 (reference here) published on 04.01.2024 calling for feedback / suggestion from stakeholders on the Harmonisation of GST Rate Schedule on Services and the Classification of Services adopted for GST. In the said notice, all…
As per Notification No. 12/2017-Central Tax dated 28.06.2017, as amended by Notification No. 78/2020-Central Tax dated 15.10.2020, taxpayers having turnover up to Rs. 5 Crore in the previous financial year are required to declare classification of services at a 4-digit…