Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Superseding the earlier 2019 exemption notification, specified excisable tobacco products in the Fourth Schedule to the Central Excise Act, 1944 are exempted from so much of the duty of excise as exceeds the rates prescribed in the table for each relevant tariff heading/subheading/item, including tobacco (2401), cigarettes and tobacco substitutes (2402) with length-wise per-thousand rates and, in some cases, ad valorem-or-specific higher-of formulations, and other manufactured tobacco products including hukkah tobacco, smoking mixtures, reconstituted tobacco, chewing tobacco preparations, snuff preparations, extracts/essences, cut-tobacco, gutkha, and specified products under 2404 at stated ad valorem rates. The operative consequence is that, from 1 February 2026, duty is capped at the specified rate for each covered item.
Superseding the earlier 2019 exemption notification, specified excisable tobacco products in the Fourth Schedule to the Central Excise Act, 1944 are exempted from so much of the duty of excise as exceeds the rates prescribed in the table for each relevant tariff heading/subheading/item, including tobacco (2401), cigarettes and tobacco substitutes (2402) with length-wise per-thousand rates and, in some cases, ad valorem-or-specific higher-of formulations, and other manufactured tobacco products including hukkah tobacco, smoking mixtures, reconstituted tobacco, chewing tobacco preparations, snuff preparations, extracts/essences, cut-tobacco, gutkha, and specified products under 2404 at stated ad valorem rates. The operative consequence is that, from 1 February 2026, duty is capped at the specified rate for each covered item.
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