Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Where import duty was paid through duty credit scrips, any drawback under section 74 or refund under section 27 of the Customs Act, 1962 is to be granted by re-credit, not in cash. For RoDTEP/RoSCTL scrips, the amount is to be re-credited to the IEC holder's electronic credit ledger and may be used for generation of e-scrips under the prescribed scheme. For legacy scrips such as MEIS or SEIS, where direct re-credit is not feasible, Customs must issue a re-credit certificate containing the utilised scrip details, import date and debited amount. The circular also notes that CBIC will issue further system guidance after module development.
Where import duty was paid through duty credit scrips, any drawback under section 74 or refund under section 27 of the Customs Act, 1962 is to be granted by re-credit, not in cash. For RoDTEP/RoSCTL scrips, the amount is to be re-credited to the IEC holder's electronic credit ledger and may be used for generation of e-scrips under the prescribed scheme. For legacy scrips such as MEIS or SEIS, where direct re-credit is not feasible, Customs must issue a re-credit certificate containing the utilised scrip details, import date and debited amount. The circular also notes that CBIC will issue further system guidance after module development.
Note: It is a system-generated summary and is for quick reference only.
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