Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
The Madras High Court considered the liability to pay Social Welfare Surcharge (SWS) and the use of MEIS/SEIS Scrips for discharging the same. The Court held that notifications u/s 25(1) of the Customs Act do not automatically grant exemption from all levies, requiring a deeper analysis of the notification's substance. Notifications Nos. 24 and 25 of 2015 were found to be limited to customs duty and do not exempt SWS. Debiting duty scrips was deemed a valid mode of discharging duty obligations u/r the Customs Act, contrary to the appellant's argument. The Court clarified that duty need not reach the Consolidated Fund of India for a levy to be valid. The Court upheld the original decision, dismissing the writ appeals.
The Madras High Court considered the liability to pay Social Welfare Surcharge (SWS) and the use of MEIS/SEIS Scrips for discharging the same. The Court held that notifications u/s 25(1) of the Customs Act do not automatically grant exemption from all levies, requiring a deeper analysis of the notification's substance. Notifications Nos. 24 and 25 of 2015 were found to be limited to customs duty and do not exempt SWS. Debiting duty scrips was deemed a valid mode of discharging duty obligations u/r the Customs Act, contrary to the appellant's argument. The Court clarified that duty need not reach the Consolidated Fund of India for a levy to be valid. The Court upheld the original decision, dismissing the writ appeals.
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