This is a neutral professional article. The judgment is analysed in the context of its factual background, issues framed, and conclusions reached by the Court. 2026 (6) TMI 1019 - CESTAT KOLKATA At a Glance 2026 (6) TMI 1019 - CESTAT KOLKATA addresses whether late-presentation charges may be sustained when supplementary Bills of Entry are filed after an importer, having filed timely original Bills of Entry, discovers excess cargo forming part of the same imported consignments. The Tribu... ... ...

Cumulative BC Engine rewards have grown more than fourfold since late May, while the average daily pace of reward accumulation has increased by approximately 46% compared with the previous period. BELIZE CITY, Belize, Sept. 18, 2026 /PRNewswire/ -- BC.GAME's BC Engine has reached another major milestone, with cumulative rewards earned by eligible $BC holders surpassing 8.6 million BCD, equivalent to more than US$8.6 million. The milestone comes just over five months after BC Engine laun... ... ...

GOVERNMENT OF GOA Department of Finance Office of the Commissioner of Commercial Taxes No. CCT/26-4/2022-23/F/3300 Panaji, 7th February, 2023. Subject: Clarification to deal with difference in Input Tax Credit (ITC) availed in Form GSTR- 3B as compared to that detailed in Form GSTR-2A for FY 2017-18 and 2018-19-reg. Ref .: Circular No. 183/15/2022-GST dated 27th December, 2022 issued under Central Goods and Services Tax Act, 2017 by the GST Policy Wing, Central Board of Indirec... ... ...

SMT. ANNAPURNA GUPTA, ACCOUNTANT MEMBER AND SHRI SIDDHARTHA NAUTIYAL, JUDICIAL MEMBER For the Appellant : Shri Prakash D. Shah, A.R. For the Respondent : Shri H. Phani Raju, CIT-DR ORDER PER SIDDHARTHA NAUTIYAL - JUDICIAL MEMBER: This appeal has been filed by the Assessee against the order passed by the Ld. Commissioner of Income Tax (Exemption), (in short "Ld. CIT(E)"), Ahmedabad in DIN & Notice No. ITBA/EXM/F/EXM45/2022 23/1050852942(1) vide order dated 16.03.2023. 2. The Ass... ... ...

NLMC's Board recommended monetisation proposals involving surplus land and building assets valued at over Rs. 5,000 crore. Monetisation is facilitated through asset identification, due diligence, valuation and appropriate process structuring, with emphasis on transparency, efficiency and value realisation. Sustained coordination with asset-owning entities is intended to expedite implementation and support timely, commercially appropriate monetisation of underutilised public assets.

Time for applying for revocation of cancellation of GST registration is extended to 30th September 2021 where cancellation occurred under clauses (b) or (c) of Section 29(2) and the original due date fell between 1st March 2020 and 31st August 2021. The extension applies to unfiled, pending, rejected and appellate-stage revocation matters. Fresh applications may be filed after rejection where no appeal was filed or an appeal was decided against the taxpayer. Further statutory extensions after 30th September 2021 depend on the elapsed revocation period and satisfaction of the competent authority.

Differing chemical laboratory reports on seized goods may be addressed through fresh sampling and retesting. Fresh samples may be drawn from the seized goods upon application to the competent authority, with samples retained for both sides. Laboratories selected by each side may conduct retesting, with the petitioner bearing the cost. This process permits verification where the existing laboratory reports conflict.

Refund applications by unregistered persons under the Goa GST Act, 2017 follow, mutatis mutandis, the filing manner prescribed in the corresponding Central GST clarification. This adopts the Central GST framework for State implementation, promoting uniform procedural treatment of such refund claims. Difficulties in applying the clarification may be brought before the Commissioner of State Taxes.

Sufficient cause for condoning a 341-day delay in an income-tax appeal may arise from bona fide administrative complexity after an inter-state transfer of jurisdiction following a search. Reconciliation and transfer of judicial records, together with consequential hierarchical approvals, are relevant factors under Section 5 of the Limitation Act. Substantial revenue and proposed legal questions support a pragmatic limitation analysis focused on substantial justice rather than time-bar dismissal.

Finalisation of pending bills of entry was required after customs authorities remained inactive following the importer's limited request for time to submit documents in a Special Valuation Branch matter. The importer was to receive advance notice and a personal hearing, with written submissions permitted thereafter, before orders finalising the bills of entry. The arrangement addressed procedural completion only: all rights and contentions on customs valuation remained open, and no view was expressed on the merits.

Indexed cost of acquisition must reflect the total actual consideration paid to acquire the same property, rather than being confined to the amount recorded in the registered purchase deed. A taxpayer claiming a higher acquisition cost must establish that the additional payment was made towards that property through documentary evidence. A lower registered-deed value, including one reflecting understatement for stamp-duty purposes, does not by itself justify reducing the actual acquisition cost for income-tax computation. Once additional consideration is proved, it must be included in the indexed cost of acquisition.

Zero Forex Markup applies automatically to international transactions made through all existing and new credit cards, without a new-card application, upgrade, spending threshold or other stated condition. International card spends do not attract forex markup charges. Reward Points or Cashback, where applicable to the relevant card, continue on international transactions. Existing credit cards may be used for overseas and cross-border payments without requiring a separate forex card solely to avoid such charges.

Formal amendment of a cheque-dishonour complaint's cause title may cure a simple defect where it causes no prejudice and does not alter substantive allegations. For vicarious criminal liability under Section 141, the firm must be implicated as the primary offender and the complaint must specifically state each accused person's role and responsibility. Identification of the firm as cheque drawer, the authorised signatory as issuer, and the proprietor as involved in transactions may support issuance of process under Section 204. Role-based defences ordinarily require trial evidence unless sterling, incontrovertible material negates the allegations.

GST clarifications concerning the applicability of tax to certain services apply mutatis mutandis for implementation under the Goa Goods and Services Tax Act, 2017. The adoption gives corresponding effect to the central clarification framework within the State GST regime and requires its consistent application for uniform implementation. Implementation difficulties may be brought before the Commissioner of State Taxes.

Input tax credit as deemed receipt is questioned where construction materials are supplied on Ex-Works terms, freight costs are borne by the dealer, and transit risk passes at the factory gate. Although the supplier lodges transit-insurance claims and remits the compensation to the dealer, EXW qualification requires insurance to be arranged on the dealer's behalf and loss claims to be lodged by the dealer. The issues include ITC eligibility, transfer of property, and conformity with EXW parameters.

GST applicability on certain services is addressed in Goa through mutatis mutandis adoption of central GST clarifications issued under the Central Goods and Services Tax Act, 2017. The clarifications apply for implementation under the Goa GST Act, 2017, to maintain administrative uniformity in GST application. Adoption is clarificatory and requires applying the central position within the Goa GST framework with appropriate adaptation.

Electronic trading platforms in an IFSC require registration unless an express exemption applies. Registration depends on financial soundness, governance, risk controls, business viability, net worth and continuing fit and proper status. Operators must maintain fair trading rules, participant due diligence, surveillance, market-abuse controls, resilient systems, algorithmic-trading safeguards, approved clearing and settlement arrangements, business continuity, cyber resilience and a compliance officer. They must preserve secure platform data, submit required returns and audited financial statements, and cooperate with supervisory inspection, inquiry, investigation and audit.

Electrically operated vehicles remain classifiable under HSN 8703 and subject to 5% GST even where a battery is not fitted at supply. Fresh mangoes are exempt, sliced and dried mangoes receive 5%, and other dried mango forms, including mango pulp, attract 12%. Treated sewage water is exempt, while Nicotine Polacrilex gum intended to assist tobacco-use cessation falls under tariff item 2404 91 00 and attracts 18%. Fly ash-content condition applies only to fly ash aggregates; pulse-milling by-products used as cattle-feed ingredients fall under heading 2302 at 5%.

Customs show-cause notice challenging export-related proceedings was not pursued after the respondents agreed to consider the alternative request for adjudication by the competent customs authority. The petition had also sought cancellation and return of bonds and bank guarantees furnished for provisional release of goods, together with a stay of further proceedings. The petitioners then chose not to press the challenge at that stage, and the petition was disposed of.

Wage ceiling for the purposes of Chapter III of the Code on Social Security, 2020 is fixed at Rs. 25,000 per month, effective upon publication in the Official Gazette. This replaces the earlier wage-ceiling determination, without affecting acts done or omissions made before its supersession. The prescribed threshold governs the application of Chapter III under the Code from the effective date thereafter.