Limitation for customs appeals against Bill of Entry assessments may exclude time spent bona fide pursuing a refund remedy and seeking amendment where that remedy was available under the then-binding jurisdictional law. Time before filing the refund application is not automatically excluded merely because it preceded an original proceeding, but subsequent time spent pursuing that remedy may be excluded under principles underlying Section 14 of the Limitation Act. Statutory relaxation of the appeal period then applies to appeals filed within the extended period. An appeal filed within the prescribed period cannot be rejected as time-barred. Restored appeals proceed on merits, with classification remaining open.

Availability of an appellate remedy under the Customs Act requires parties challenging orders-in-original to pursue the statutory appeal rather than seek writ relief on the merits. Attached bank accounts may be released pending that appeal where Revenue is secured through appropriation of the statutory pre-deposit from the attached funds and an unconditional bank guarantee for the remaining demand. On fulfilment of both conditions, the accounts may be operated to enable business continuity; failure to file the appeal or provide the required security permits appropriation of the entire amount due.

Warehousing permission confines imported goods to the bonded warehouse specified by the proper officer; diversion of manganese ore to an unauthorised private yard breaches that permission and renders the goods liable to confiscation. Warehousing remains subject to customs control, and storage at another premises managed by the same operator does not amount to compliance. The importer remains responsible for acts of its authorised warehouse operator unless statutory attribution is rebutted; duty evasion, clandestine clearance and mens rea are not necessary for confiscation. Search-related objections and electronic communications do not affect proceedings independently supported by statutory statements and transport, gate and warehouse record.....

Bulk drugs and active pharmaceutical ingredients imported under Chapters 28 or 29 qualify as drugs because they are substances used as components of pharmaceutical products. The specific description-based IGST entry for drugs and medicines under Sl. No. 226 of Schedule I to Notification No. 9/2025-Integrated Tax (Rate) applies to goods falling under Chapter 30 or any other chapter. This specific entry prevails over the general chapter-based entries for inorganic and organic chemicals. Imports for testing or research do not alter an API's character as a drug. IGST is chargeable at 5%, unless the goods fall within the nil-rated entry for drugs or medicines listed in Annexure I.

Termination of a share purchase agreement required prominent disclosure under the LODR Regulations where the listed entity had conspicuously announced approval of the acquisition. Mentioning the termination only in small print within a note to unaudited financial results, rather than in the principal board-meeting communication, was treated as no disclosure because investors rely on information about financial position, proposed ventures and collaborations. The complaint-dismissal communication was set aside, and SEBI and the stock exchange were directed to re-examine the mandatory-disclosure issue and issue appropriate orders within four weeks.

Jurisdictional officer designations under the Gujarat Goods and Services Tax Act, 2017 are restructured through amendment of the existing officer-jurisdiction table. New posts are inserted for the Economic Intelligence Unit, research functions, Economic Offence Wing, mobile squads, and enforcement divisions, including enforcement arrangements for Vapi and Division 12, Gandhidham. Earlier enforcement-research, mobile-squad and specified enforcement posts are deleted, while entries relating to enforcement-research State Tax Officers and Enforcement Division 11, Junagadh, are modified.

IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.

GST liability for insolvency and receivership services depends on the nature and specific classification of the service, not on whether the Insolvency Professional is enrolled as an Advocate. Insolvency Professionals constitute a distinct statutory class under the Insolvency and Bankruptcy Code and IBBI Regulations, and their services are separately classified from legal services. Applying the principle that a specific service description prevails over a general one, services rendered by an Advocate as an Interim Resolution Professional fall outside the reverse-charge category for legal services. Forward charge therefore applies, requiring GST registration, compliant invoicing and related compliance; reverse charge remains limited to legal services rendered in the Advocate's professional capacity.

Continuing personal guarantees may extend to renewed credit facilities where the guarantee remains effective until all dues are paid and the guarantor signs the renewal. Contractual liability can also exceed a stipulated principal cap where the guarantee expressly provides for interest at the stipulated or subsequently notified rate from demand. On these terms, the guarantee applies to the renewed facility and covers contracted interest in addition to the capped principal amount, supporting initiation of a personal insolvency resolution process against the guarantor.

Finality of unchallenged personal insolvency resolution orders prevents a personal guarantor from reopening findings at the consequential bankruptcy stage. Where the guarantor was validly proceeded against ex parte in the resolution process, Section 121 does not require fresh prior notice before a bankruptcy order, particularly where the closure application and bankruptcy petition were served. A limitation objection also fails where an earlier SARFAESI demand enforced security interests rather than invoked the guarantee, and the insolvency application was filed within three years of the subsequent Code demand. Separate proceedings against other guarantors remain independent, and new grounds not raised before the Adjudicating Authority cannot ordinarily be introduced in appeal.

Attachment of properties as proceeds of crime may be sustained where funds from money-laundering activities are traceable to their acquisition and no complete legitimate source is established. Active participation in MLM operations, rather than mere receipt of brokerage commission, supported the finding that the funds were tainted. A bank loan did not establish a legitimate source where its repayment remained unexplained. Continued receipt of rent from property held in another person's name indicated beneficial enjoyment and supported treating the ostensible transferee as a name-lender. The provisional attachment of the properties was therefore confirmed.

Rectification under section 254(2) is confined to a mistake apparent from the record and cannot be used to review or reassess a concluded merits order. A request to revisit the Tribunal's appreciation of submissions, documents, the memorandum of understanding, transaction details, additional grounds, evidence, or applicable authorities amounts to an impermissible review rather than rectification. Alleged factual or legal errors in a detailed merits determination must be challenged before the High Court, not through an application seeking recall under section 254(2). Consequently, no apparent mistake supported recall of the earlier order.

Gujarat State Tax (Rate) revises GST classification for specified brick and tile products from 1 April 2022. Fly ash bricks or qualifying fly ash aggregates, fly ash blocks, bricks of fossil meals or similar siliceous earths, building bricks, and earthen or roofing tiles are removed from the 2.5 per cent State tax schedule and placed in the 6 per cent State tax schedule. The amendment changes the applicable State tax rate for these goods.

Capital gains computation permits expenditure on furnishings, fixtures and other items that are embedded in, or permanently integral to, residential flats as cost of improvement, with consequential indexation. Cash payments alone do not disprove such expenditure where lack of funds is not established. Movable items, including furniture, appliances and entertainment equipment, remain personal effects and cannot be included. Housing-loan interest may be considered as part of acquisition cost only after verification of repayment and interest records, particularly where interest has also been claimed under income from house property, to prevent double deduction.

FORM GSTR-4 return filing due date is extended under the Telangana Goods and Services Tax framework. The earlier notification is amended by substituting the due date of 15 July 2020 with 31 October 2020. The amendment is deemed effective from 13 July 2020, applying the revised return-filing deadline from that date.

Gujarat's registration-threshold framework is amended from 1 April 2022 and is described as reducing the threshold from rupees 40 lakh to rupees 20 lakh. The amendment expands the relevant table to include fly ash bricks, high fly ash-content aggregate and blocks, bricks of fossil meals or similar siliceous earths, building bricks, and earthen or roofing tiles. These specified products are incorporated into the amended registration-threshold framework through their applicable tariff headings.

Composition levy eligibility is restricted for manufacturers of specified brick and tile products, including fly ash bricks and blocks, high fly ash-content aggregates, fossil-meal bricks, building bricks, and earthen or roofing tiles. These manufacturer categories are excluded from the composition scheme from 1 April 2022.

Registered persons with aggregate turnover not exceeding two crore rupees in financial year 2021-22 are exempt from filing the annual return for that year under the first proviso to section 44 of the Gujarat Goods and Services Tax Act, 2017. The exemption is issued pursuant to the recommendations of the Goods and Services Tax Council.

Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.

Transitional credits arising under VAT or CENVAT law cannot be reopened or adjudicated by GST authorities merely because they were carried forward through TRAN-1. Eligibility and validity must be assessed under the law in force when the credit accrued. Section 142(11)(a) applies the test of whether tax was leviable under the existing law, not whether it was actually paid. Non-payment under service tax, VAT, or central excise does not by itself permit retrospective GST on the same transaction, thereby preventing duplication of tax.