Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Cured, graded or butted tobacco leaves retain the essential character of tobacco leaves and therefore fall under tariff heading 240110 as 'tobacco, not stemmed or stripped'. Curing, grading and removal of butts are treated as non transformative physical operations that do not convert leaves into stemmed/stripped tobacco; accordingly such supplies qualify for the concessional GST classification provided to goods under tariff 240110 and attract the lower notified GST rate.
Cured, graded or butted tobacco leaves retain the essential character of tobacco leaves and therefore fall under tariff heading 240110 as 'tobacco, not stemmed or stripped'. Curing, grading and removal of butts are treated as non transformative physical operations that do not convert leaves into stemmed/stripped tobacco; accordingly such supplies qualify for the concessional GST classification provided to goods under tariff 240110 and attract the lower notified GST rate.
Note: It is a system-generated summary and is for quick reference only.
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