Interest income earned by a co-operative society from deposits with nationalised banks qualifies for deduction under section 80P(2)(a). The analysis notes that a coordinate-bench decision in the society's own case, applying the jurisdictional High Court ruling, had recognised the deduction for such interest income. As that decision remained unstayed and unoverruled, it was followed on identical facts, resulting in the deduction being available to the assessee.

Interest from deposits with co-operative banks is assessable as income from other sources and is not deductible under Section 80P(2)(d), despite the bank also being a co-operative society. Deductibility of interest earned on deposits with co-operative or non-co-operative banks under Section 80P(2)(a)(i) depends on whether the deposits comprise the assessee's own surplus funds temporarily parked pending business use rather than liability funds. That claim requires factual verification of the source and character of the funds and is remitted for fresh adjudication.

Illegal import attracted liability for the assessed customs duty and penalty. The text states that the import was found unlawful and that both the duty and penalty in the assessed quantum were payable against the assessee.

Cargo clearance at Container Freight Stations must be undertaken only by duly authorised persons, including specified card holders, Port Trust ID Card holders, and importers or exporters holding a self Customs Pass. Container Freight Stations must enforce the entry restriction. Unauthorised involvement in documentation, entry, delivery, financial transactions, or other cargo-handling activities constitutes non-compliance and may attract remedial action under the cargo-handling regulations.

Penalty for failure to maintain books of account requires verification where audited financial statements and tax audit reports indicate that proper books were maintained. The audit reports and statements were based on examination of books, creating a conflict with the survey finding that no books existed. The penalty matter was restored for fresh determination after the assessee establishes maintenance of proper books and receives a reasonable opportunity of hearing.

Valid laboratory reports submitted for export consignments must be considered to avoid mandatory duplicate testing where there is no risk-based intervention or specific intelligence. Reports may be issued by NABL-accredited laboratories, laboratories recognised by Export Promotion Councils, or other recognised agencies for importing-country regulatory compliance. Existing sample-drawal and testing procedures continue where verification is warranted, while import-consignment testing remains unchanged.

Late-fee relief is provided for specified delayed GST returns filed by 30 September 2020, subject to the applicable conditions. Late fees are waived to the extent exceeding Rs. 250 and are fully waived where the total central tax payable in the relevant return is nil. The relief also applies to taxpayers with aggregate turnover exceeding Rs. 5 crore in the preceding financial year who file delayed FORM GSTR-3B returns for May through July 2020 by that date. The amendments are deemed effective from 25 June 2020.

The amendment to Notification No. 43/2020-State Tax extends the time limits specified in its first paragraph under the Arunachal Pradesh GST framework. The date previously set as 29 June 2020 is replaced with 30 August 2020, and the date previously set as 30 June 2020 is replaced with 31 August 2020.

The Assistant Commissioner of Customs in the Office of the Principal Commissioner of Customs (Air Cargo) is designated as the Central Public Information Officer for the Chennai Air Cargo Commissionerate under the Right to Information Act, 2005. The notice also identifies the Joint Commissioner of Customs, Appraising Main, Chennai-VII, in connection with the RTI administration arrangement.

Composition levy rates under the Arunachal Pradesh Goods and Services Tax Rules, 2017 are revised with effect from 1 April 2020. Eligible manufacturers, specified Schedule II suppliers, and other eligible composition suppliers are taxed at separately prescribed rates. Registered persons excluded from the regular composition scheme but eligible for the alternative composition scheme are subject to tax at three per cent of turnover of taxable supplies of goods and services.

E-way bill validity under the Arunachal Pradesh GST framework is extended for e-way bills generated under rule 138 of the Central Goods and Services Tax Rules, 2017 on or before 24 March 2020, where validity expired on or after 20 March 2020. Such e-way bills are deemed valid until 30 June 2020. The amendment takes effect from 31 May 2020.

Cinematographic film processors operating on photographic principles fall under Heading 9010.10 as photographic developing equipment. Separately imported equipment may nevertheless qualify for customs-duty exemption as an integral part of a notified medical system where technical evidence establishes that it is indispensable to diagnostic functioning. The film processor was essential to the cardiac and vascular angiography system's diagnostic operation, and no competent contrary evidence established non-medical use. It therefore qualified for exemption under Notification No. 23/98-Cus., while its tariff classification remained unchanged.

Goods Transport Agencies may elect to pay GST themselves on specified services by using the prescribed declaration mechanism. For financial year 2023-24, the option must be exercised by 31 May 2023. A GTA commencing business or becoming liable for GST registration during a financial year may exercise the option for that year through a declaration in Annexure V within 45 days from applying for registration or one month from obtaining registration, whichever is later.

Self-sealing permission granted to an eligible exporter or merchant exporter has no prescribed validity period and continues unless withdrawn, suspended or cancelled. EDI registration validity for fresh and existing permissions is extended up to 31 March 2027, followed by annual extensions by the FSP Cell without fresh approval until system enhancement. Permissions expressly issued for a fixed period require renewal from the jurisdictional Commissionerate. Amendments to premises, authorised signatory or ROC particulars require jurisdictional approval and intimation to the FSP Cell.

The Supreme Court issued notice in a challenge to an NCLT order concerning mortgaged immovable properties. It stayed the NCLT order subject to deposit of the stipulated amount and restrained the creation of encumbrances or third-party rights over the mortgaged properties. The interim measures preserve the secured properties pending further proceedings.

Right to Information appeals concerning information held by the Customs Commissionerates NS-I, NS-III and NS-V at Jawaharlal Nehru Custom House are assigned to the designated Joint Commissioner of Customs as the First Appellate Authority, with immediate effect and until further orders. The designation supersedes earlier public notices and operates as a Standing Order for officers and staff across those Commissionerates.

The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.

Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.

Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.

Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.