Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The High Court addressed a case involving the levy of a fiscal penalty of Rs. 1,00,00,000/- under the EPCG Scheme for failure to submit required documents. The petitioner failed to meet export obligations and maintain Annual Average, using duplicated bills. The penalty was imposed under the Foreign Trade Act, with appeal provisions. The petitioner directly approached the High Court under Article 226 of the Constitution without exhausting the appeal remedy. The Court found the petition lacking in merit and dismissed it.
The High Court addressed a case involving the levy of a fiscal penalty of Rs. 1,00,00,000/- under the EPCG Scheme for failure to submit required documents. The petitioner failed to meet export obligations and maintain Annual Average, using duplicated bills. The penalty was imposed under the Foreign Trade Act, with appeal provisions. The petitioner directly approached the High Court under Article 226 of the Constitution without exhausting the appeal remedy. The Court found the petition lacking in merit and dismissed it.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
