Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Exports of frozen shrimp packaged in printed inner containers that fix quantity fall within the Legal Metrology Act definition of "pre-packaged and labelled" commodities; therefore such supplies in containers up to 25 kg are subject to GST and are not exempt or nil-rated. The notification linking Legal Metrology compliance to GST liability applies irrespective of whether outer cartons are printed, and the AAR concluded that these pre-packaged shipments attract GST at 5% for the specified shrimp items when pre-packed and labelled as mandated.
Exports of frozen shrimp packaged in printed inner containers that fix quantity fall within the Legal Metrology Act definition of "pre-packaged and labelled" commodities; therefore such supplies in containers up to 25 kg are subject to GST and are not exempt or nil-rated. The notification linking Legal Metrology compliance to GST liability applies irrespective of whether outer cartons are printed, and the AAR concluded that these pre-packaged shipments attract GST at 5% for the specified shrimp items when pre-packed and labelled as mandated.
Note: It is a system-generated summary and is for quick reference only.
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