Appellate tribunal jurisdiction expanded and co-mingled pipeline gas treated as interstate movement for tax purposes. An amendment deems gas introduced into a common carrier pipeline in one State and taken out in another, when co-mingled and fungible, to be a movement of goods between States. Appellate jurisdiction is consolidated by designating existing Appellate Tribunals to hear appeals under NDPS and PMLA, with consequential amendments. Fiscal adjustments include conversion of a fixed cess on crude oil to an ad valorem rate, revision of securities transaction tax on unexercised options, renaming and increasing the coal cess, amendments to excise schedules, redistribution limits for Central Road Fund cess, changes to the Senior Citizens' Welfare Fund, FCRA shareholding proviso, and repeal or amendment of minimal-cess enactments.
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Appellate tribunal jurisdiction expanded and co-mingled pipeline gas treated as interstate movement for tax purposes.
An amendment deems gas introduced into a common carrier pipeline in one State and taken out in another, when co-mingled and fungible, to be a movement of goods between States. Appellate jurisdiction is consolidated by designating existing Appellate Tribunals to hear appeals under NDPS and PMLA, with consequential amendments. Fiscal adjustments include conversion of a fixed cess on crude oil to an ad valorem rate, revision of securities transaction tax on unexercised options, renaming and increasing the coal cess, amendments to excise schedules, redistribution limits for Central Road Fund cess, changes to the Senior Citizens' Welfare Fund, FCRA shareholding proviso, and repeal or amendment of minimal-cess enactments.
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