Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
The circular issued by the Central Board of Excise and Customs on January 1, 2013, instructs department officers to initiate recovery proceedings on confirmed demands unless a stay order is in place. The article outlines the appeal process and time limits under the Central Excise Act, 1944, and the Finance Act, 1994, for both central excise and service tax. It emphasizes the importance of filing appeals and stay petitions promptly to prevent recovery actions. The article also highlights legal recourse, such as filing writ petitions in High Courts, to seek interim relief against coercive recovery measures by the department.
The circular issued by the Central Board of Excise and Customs on January 1, 2013, instructs department officers to initiate recovery proceedings on confirmed demands unless a stay order is in place. The article outlines the appeal process and time limits under the Central Excise Act, 1944, and the Finance Act, 1994, for both central excise and service tax. It emphasizes the importance of filing appeals and stay petitions promptly to prevent recovery actions. The article also highlights legal recourse, such as filing writ petitions in High Courts, to seek interim relief against coercive recovery measures by the department.
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