CIRCULAR Commissioner of State Tax, Gujarat State, Ahmedabad Dated 4th October, 2017 CIRCULAR No. 8/8/2017-GST No. GSL/GST/S.168/B. A 6 Subject: In view of the difficulties being faced by the exporters in submission of bonds/Letter of Undertaking (LUT for short) for exporting goods or services or both without payment of integrated tax, Notification No. 37/2017 - Central Tax dated 4th October, 2017 has been issued which extends the facility of LUT to all exporters under rule... ... ...

New Delhi, Aug 25 (PTI) India has sharply increased purchases of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) from the United States as disruptions linked to the conflict in West Asia constrain supplies from traditional Gulf suppliers, data from maritime intelligence firm Kpler showed. India imported about 0.62 million tonnes of LPG from the United States in August, in addition to 0.89 million tonnes in July, accounting for more than 73 per cent of the country's LPG imports, ... ... ...

SH. AMIT SHUKLA, JUDICIAL MEMBER AND DR. B. R. R. KUMAR, ACCOUNTANT MEMBER For the Assessee : Sh. S. Krishnan, Adv. For the Revenue : Sh. S. S. Rana, CIT DR ORDER Per Bench: The appeals are time barred by a period of 11 days. It was submitted that the order of the ld. CIT(A) dated 31.05.2016 has been received on 13.06.2016 and appeals have been filed on 23.08.2016. The assessee has filed rectification application u/s 154 before the ITO for correction of the amount of tax demanded.... ... ...

NOTIFICATIONS BY GOVERNMENT COMMERCIAL TAXES AND REGISTRATION DEPARTMENT THE TAMIL NADU TAXES (SETTLEMENT OF ARREARS) RULES, 2023. [G.O. Ms. No. 109, Commercial Taxes and Registration (D1), 13th October, 2023, Purattasi 26, Sobakiruthu, Thiruvalluvar Aandu-2054.] No. SRO A- 33(a)/2023. In exercise of the powers conferred by sub-section (1) of section 20 of the Tamil Nadu Taxes (Settlement of Arrears) Act, 2023 (Tamil Nadu Act 24 of 2023), the Governor of Tamil Nadu hereby makes... ... ...

Customs, Police, and Industry Leaders Advocate for Data-Driven Interventions, Proactive Right-Holder Collaboration, and Supply Chain Transparency MUMBAI, India, Aug. 25, 2026 /PRNewswire/ -- Seizing 'illicit goods' is no longer enough to win the war against illicit trade. Law enforcement and regulatory authorities must shift from simply intercepting shipments to actively identifying, tracking, and dismantling the organized criminal networks behind them, experts emphasized at the ASIA Security Co... ... ...

CIRCULAR Commissioner of State Tax, Gujarat State, Ahmedabad Dated 1st September, 2017 CIRCULAR No. 7/7/2017-GST No. GSL/GST/S.168/B. A 5 Subject: Sections 37, 38 and section 39 of the GGST Act, 2017(hereinafter referred to as 'the Act') read with rules 59, 60 and 61 of the GGST Rules, 2017(hereinafter referred to as 'the Rules') require every registered person to furnish details of outward supplies made in a month in FORM GSTR-1, details of inward supplies ... ... ...

NRI banking arrangements require segregation of overseas earnings, India-sourced income, savings, remittances and expenditure after residential status changes. An NRE account holds overseas income remitted to India, with interest exempt from income tax in India. An NRO account is intended for Indian income, including rent, dividends and pension, while FCNR deposits retain funds in a chosen foreign currency. A structured arrangement can align these accounts with domestic obligations, overseas spending, remittances, investments and compliant digital banking access.

Small service provider threshold exemption applies after excluding the portion of consideration covered by the available abatement, so service tax liability does not arise where the resulting taxable value remains below the prescribed limit. Bus supply on a per-kilometre remuneration basis, without an arrangement granting use through renting, constitutes a contract of hire rather than taxable rent-a-cab service. Accordingly, service tax demands fail where both the exemption threshold applies and the activity is wrongly classified; no penalty consequence survives.

Sections 92C and 92CA of the Income-tax Act, read with binding CBDT transfer-pricing instructions issued under section 119, allocate arm's-length price determination roles between the Assessing Officer and the Transfer Pricing Officer. Where the prescribed circumstances require a reference, the Assessing Officer cannot conduct a detailed examination of the international transaction price at the reference stage or determine the arm's-length price directly. Non-reference to the Transfer Pricing Officer breaches the mandatory instructions. Consequently, a transfer-pricing adjustment made directly by the Assessing Officer without the required referral procedure is invalid.

Raw sugar imports were permitted, while stock limits were imposed on bulk consumers. States were directed to strengthen inspections, and nationwide flying squads were deployed to identify hoarding and speculative conduct. These measures target sugar availability and distribution across wholesale and retail channels. Ex-mill prices declined following the measures, although wholesale and retail prices had not yet reflected the reduction.

Service tax appeals and pending applications were permitted to be withdrawn; they consequently stood dismissed as withdrawn. The related application seeking withdrawal was disposed of. No substantive service-tax issue, legal principle, or merits determination appears in the material. The disposition therefore ended the proceedings without deciding the underlying service-tax dispute.

RBI's concessional Foreign Currency Non-Resident Bank deposit swap window closes on August 31, replacing the previous September 30 cut-off. Separately, the special US dollar-rupee foreign-exchange swap window remains available until December 31, 2026, providing concessional currency-hedging support to public sector undertakings raising external commercial borrowings. SBI expects to mobilise predominantly through deposits from non-resident Indians and foreign investors, with external commercial borrowings also visible.

Revisionary jurisdiction under Section 263 cannot be sustained merely because the revisional authority considers further inquiry desirable where reassessment specifically examined the relevant share transactions. Supporting material, including bank-account details, broker statements and transaction particulars, was furnished, and the transactions formed part of regular trading through an established broker. In the absence of an identified inquiry deficiency, ignored material, evidentiary defect or necessary further inquiry, the reassessment view remains a plausible view. The requirements of an erroneous order prejudicial to Revenue interests are therefore not met, making revision unsustainable.

Re-transportation of machinery to a vendor for tooling and performance testing, without separate consideration, forms part of the original already-taxed transaction and is treated as a non-taxable supply within exempt supply. Although movement otherwise than by way of supply may be supported by a delivery challan, e-way bill compliance remains required where applicable. For exempt goods, detention provisions permit recovery only of the prescribed penalty for e-way bill non-compliance, not tax. The tax demand is therefore restricted to the statutory penalty applicable to exempt goods, with refund of any excess amount deposited.

The export policy for durum wheat classified under ITC (HS) code 10011900 and wheat classified under ITC (HS) code 10019910 is revised from 'Prohibited' to 'Free' with immediate effect. Exports of these specified wheat products may therefore proceed without the prior prohibition applicable under the earlier policy classification, subject to the applicable Foreign Trade Policy framework and other relevant conditions.

The export policy for wheat or meslin flour, including atta, maida, semolina, wholemeal atta and resultant atta classified under ITC (HS) Code 11010000, is revised from Prohibited to Free with immediate effect. Exports of these wheat flour and related products may therefore be undertaken without the prior prohibition applicable under the earlier export policy, subject to applicable foreign trade requirements.

Supply of lottery is treated as a supply of goods under the Gujarat Goods and Services Tax framework. Lottery is to be classified under "Any Chapter" of the First Schedule to the Customs Tariff Act, 1975, despite the "-" classification shown in relevant rate notifications. Returns and tax payments are linked to the prescribed rate for the supply, and tax on lottery must be paid at the applicable rate of 12% or 28%, as the case may be.

Sectoral rules of origin under the Asia-Pacific Trade Agreement require listed goods to satisfy product-specific Change in Tariff Heading criteria. CTH requires non-originating materials to change from any other tariff heading to the heading of the finished product. Synthetic rubber is subject to CTH except from the natural-rubber heading. Sectoral criteria apply first; where they cannot be met, the general origin criterion under rule 4(a) applies sequentially. The final manufacturing process must occur in the exporting participating State.

The Amnesty Scheme permits one-time settlement of export-obligation defaults by Advance Authorisation and EPCG Authorisation holders through payment of applicable Customs duty and interest. Registration was extended until 31 December 2023, and completion of duty-and-interest payment was extended until 31 March 2024. Registered holders are required to complete payment promptly; outstanding payers are identified in Annexure A, with implementation assistance available through a designated Customs nodal officer.

APTA preferential concessions depend on a valid Certificate of Origin issued by a designated authority, presented to Customs within its validity period, and supported by direct-transport documentation where goods pass through non-APTA territory. Customs may verify authenticity or origin status, suspend preferential treatment pending verification, and release goods subject to administrative measures where prohibition, restriction or fraud concerns do not arise. Non-response or insufficient verification information, followed by unresolved bilateral consultation, may lead to denial of preferential treatment.