JIWAN DASS KAPOOR, J. For the Appellant : H.P. Sharma and Rohit Sharma, Advs For the Respondents : Nemo JUDGMENT Jiwan Dass Kapoor, J. 1. Impugned order dated 17.7.2003 passed by Sh.A.K.Garg, learned Addl. Sessions Judge reflects the strange and preposterous way the application of the petitioner for exemption from personal appearance was dealt with. Petitioner (Accused No. 2) paid the price of engaging the same counsel which his co-accused (Accused No. 4) had engaged as the learne... ... ...

Authorized Economic Operator status facilitates customs compliance for eligible importers and exporters with robust internal controls. Benefits include Direct Port Delivery, Direct Port Entry, deferred duty payment, faster drawback, expedited refunds and adjudications, paperless declarations, self-certified clearance certificates, and request-based inspection. Eligible AEO exporters may seek Advance Authorisation on self-declaration and self-ratification in specified norm-related circumstances. Existing certified entities receive AEO-T2 or AEO-LO status subject to continued compliance with prescribed standards and guidelines.

Registered persons may electronically seek rectification of unappealed demand orders concerning input tax credit previously denied for breach of the time-limit condition, where the credit has become available under the extended eligibility provisions. The application, with prescribed demand details and declarations, must be filed within six months. The issuing authority decides the application and, as far as possible, issues the rectified order within three months. Rectification is limited to the now-eligible credit demand, and principles of natural justice apply where the rectification adversely affects the applicant.

Recognition of NSE Clearing Limited as a clearing corporation is renewed for three years under the Securities Contracts (Regulation) framework. Renewal is based on satisfaction that it serves the interests of trade, the securities market and the public. Continued recognition is subject to applicable conditions, and NSE Clearing Limited must comply with conditions specified from time to time, including conditions subsequently prescribed or imposed.

HON'BLE MR. JUSTICE HEMANT GUPTA AND HON'BLE MR. JUSTICE V. RAMASUBRAMANIAN For the Petitioner : Mr. R. Santhanam, Adv. Mr. Arjun Prasad S., Adv. Mr. A. P. Sinha, Adv. Mr. Brajesh Kumar, AOR For the Respondent :  Ms. Madhavi Divan, ASG Mr. Uday Prakash Yadav, Adv. Mr. Shetty Uday Kumar Sagar, Adv. Ms. Nidhi Khanna, Adv. Mr. Sughosh Subramanyam, Adv. Mr. Raj Bahadur Yadav, AOR Mr. Nishe Rajen Shonker, Adv. Ms. Anu K. Joy, Adv. Mr. Alim Anvar, Adv. ORDER Heard the learned ... ... ...

Direct Port Delivery (DPD) guidelines for Authorised Economic Operator (AEO) status holders are modified by omitting paragraph 11(i) of the earlier framework. All remaining conditions governing DPD for AEO status holders continue unchanged. Implementation difficulties may be raised with the Commissioner of Customs (Port), Kolkata.

Recognition under section 4 of the Securities Contracts (Regulation) Act, 1956 is renewed for Metropolitan Stock Exchange of India Limited in respect of contracts in securities for one year, from 16 September 2026 to 15 September 2027. The Exchange must comply with conditions prescribed or subsequently imposed by the Securities and Exchange Board of India.

GST tax-deduction-at-source obligations are extended to any registered person receiving supplies of metal scrap, classified under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975, from another registered person. The exclusion for supplies between specified persons does not apply to the newly inserted metal-scrap recipient category. The amendment takes effect immediately.

Section 107 of the Madhya Pradesh Goods and Services Tax Act, read with Rule 109A, authorises designated State Tax officers to act as Appellate Authorities for GST appeals. Territorial jurisdiction is allocated across Bhopal, Jabalpur, Gwalior, Indore, Ujjain, Khandwa, Satna, Sagar and Chhindwara divisions, including specified Anti-Evasion Bureaux. Indore assignments are divided among its divisions, designated circles, the Pithampur Circle and Anti-Evasion Bureau Indore-A and Indore-B. Earlier departmental authorisations for these appellate assignments are superseded.

Customs tariff values are revised for specified edible oils, brass scrap, gold and silver through substituted valuation tables. The revised framework covers designated palm oils, palmolein, crude soybean oil and brass scrap, while prescribing values for eligible gold imports, specified gold bars and coins, gold findings, and specified forms of silver. Gold and silver entries remain subject to stated purity, form and import-mode exclusions. Areca nut tariff value remains unchanged. The substituted tariff-value tables take effect from 16 September 2026.

Goa has inserted a proviso under the statutory framework issued pursuant to section 23(2) of the Goa Goods and Services Tax Act, 2017. Persons engaged in supplying metal scrap classified under Chapters 72 to 81 of the First Schedule to the Customs Tariff Act, 1975, are excluded from its scope. The amendment takes effect immediately.

Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged land grabbing through forged board resolutions, forged-sale agreements, fabricated deeds, and falsified property records. The alleged conduct includes manipulation of land records, civil proceedings based on false claims, denial of landowners' lawful entitlements, and threats or physical force against persons asserting legitimate rights. The investigation is linked to multiple police FIRs concerning the individual and associated entities.

Goa appoints 1 April 2025 as the date from which the Authority under section 171 of the Goa Goods and Services Tax framework will cease accepting requests to examine anti-profiteering concerns. The discontinued mechanism concerns whether input tax credits availed by a registered person, or a tax-rate reduction, have resulted in commensurate price reductions for goods or services. The appointment is deemed effective from 30 September 2024.

External trade estimates for April-August 2026-27 show combined merchandise and services exports of US$399.27 billion and imports of US$459.65 billion, with a trade deficit of US$60.38 billion. Merchandise exports reached US$215.91 billion, while services exports were estimated at US$183.36 billion. Non-petroleum exports increased to US$180.61 billion. Growth in August merchandise exports was driven by electronic goods, petroleum products, engineering goods, chemicals, and cotton yarn, fabrics, made-ups and handloom products. Services-sector figures for August were estimated using data available through July.

Anti-profiteering jurisdiction is vested in the Principal Bench of the Appellate Tribunal to examine whether a registered person has passed on the benefit of input tax credits or tax-rate reductions through a commensurate reduction in the prices of goods or services supplied. The empowerment operates under the Goa goods and services tax framework, read with the Central Goods and Services Tax Act.

Rupee depreciation against the US dollar in early trading reflected pressure from a stronger dollar and net foreign fund outflows, notwithstanding support from positive domestic equity-market performance. Dollar strength was associated with market expectations of a US Federal Reserve interest-rate increase to address inflation linked to higher oil prices. Elevated crude oil prices and risks to oil exports remained concerns, while domestic equity gains provided countervailing support.

The investigation concerned alleged fraudulent availment and passing on of inadmissible input tax credit through bogus invoices. Multiple suppliers were identified as non-existent, non-functional, suspended or cancelled, while field verification indicated an absence of genuine business activity at certain declared premises. Input tax credit was allegedly availed without receipt of goods and passed on through invoices without corresponding supplies. Statements recorded during investigation led to the arrest of a firm partner under the CGST Act.

UPI person-to-person transactions remain free irrespective of value, and person-to-merchant payments up to Rs.2,000 remain outside the merchant discount rate framework. Small merchants receiving qualifying UPI QR payments under the P2PM category continue to receive zero MDR treatment. MDR applies only to specified merchant payments above the threshold, with separate treatment for essential sectors and capital-market payments. Customers are not liable for MDR, merchants must not pass it on, and UPI application providers may not levy platform fees or hidden charges. MDR revenue supports payment ecosystem participants and small-merchant UPI adoption.

Proceedings initiated under GST against an amalgamating company after it has ceased to exist are analysed as void ab initio for want of jurisdiction. Section 87 of the CGST Act is a limited deeming provision for inter se transactions during the merger transition and does not authorise notice or adjudication against a non-existent entity. Continued GST registration does not preserve juristic existence after amalgamation. Pre-merger tax liability may be pursued, subject to limitation, against the correct successor entity.

Section 74 of the CGST Act requires factual grounds for fraud, wilful misstatement, or suppression of facts with intent to evade tax before extended limitation may be invoked. Input tax credit mismatches, reconciliation differences, reporting errors, and audit objections may justify verification, but do not by themselves establish deliberate evasion. A show cause notice must identify the alleged suppression, wilfulness, and connection with tax evasion. The Proper Officer must independently assess the facts; protective demands or relabelling a time-barred discrepancy as suppression cannot replace the statutory threshold.