Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The Public Notice issued by the Office of Principal Commissioner of Customs addresses the issue of IGST refunds on exports that remain unprocessed due to SB005 error, which is caused by invoice mismatch. Exporters are advised to ensure that invoice details in GSTR 1 and shipping bills align to avoid this error. Customs officers can now verify information and sanction refunds for correct invoice details despite discrepancies in shipping bills. Exporters must provide a concordance table linking GST invoices with shipping bill invoices for error rectification. A fee of Rs.1000 per shipping bill is required for this service. Refund claims will only be processed for cases with SB005 error code. Difficulties should be reported to the Asst Commissioner of Customs.
The Public Notice issued by the Office of Principal Commissioner of Customs addresses the issue of IGST refunds on exports that remain unprocessed due to SB005 error, which is caused by invoice mismatch. Exporters are advised to ensure that invoice details in GSTR 1 and shipping bills align to avoid this error. Customs officers can now verify information and sanction refunds for correct invoice details despite discrepancies in shipping bills. Exporters must provide a concordance table linking GST invoices with shipping bill invoices for error rectification. A fee of Rs.1000 per shipping bill is required for this service. Refund claims will only be processed for cases with SB005 error code. Difficulties should be reported to the Asst Commissioner of Customs.
Note: It is a system-generated summary and is for quick reference only.
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