Is IBC Effective Enough or Is It Time for IBC 2.0? A Detailed Analysis
The Insolvency and Bankruptcy Code, known as IBC, came into force in 2016. It was created to help resolve the problems of companies that are unable ...
![Govt Initiates Anti-Dumping Investigation on TPU-Based Paint Protection Film from China [Read Notification]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049969-tpu-based-paint-protection-film-tpu-taxscan.webp "Govt Initiates Anti-Dumping Investigation on TPU-Based Paint Protection Film from China [Read Notification]")
![Customs Authorities Can Issue Notices Even If a Trade Agreement Exists: Bombay HC Upholds SCN Against Importers [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049970-customs-customs-authorities-issue-notices-trade-agreement-exists-taxscan.webp "Customs Authorities Can Issue Notices Even If a Trade Agreement Exists: Bombay HC Upholds SCN Against Importers [Read Order]")
![Anti-Dumping Investigation Launched into EU-Origin Para Nitrotoluene Imports [Read Notification]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049978-anit-dumping-site-img.webp "Anti-Dumping Investigation Launched into EU-Origin Para Nitrotoluene Imports [Read Notification]")
![DGFT notifies Free Imports of Palladium, Rhodium, Iridium Alloys Subject to Conditions [Read Notification]](https://images.taxscan.in/h-upload/2025/06/18/250x150_2049973-dgft-palladium-rhodium-iridium-alloys-taxscan.webp "DGFT notifies Free Imports of Palladium, Rhodium, Iridium Alloys Subject to Conditions [Read Notification]")
Use of Imported Raw Materials Does Not Disqualify Customs Exemption If DTA Goods Are Made from Indigenous Inputs: CESTAT [Read Order]
The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the use of imported raw materials does not disqualify a 100% Export Oriented Unit (EOU) from...
![Use of Imported Raw Materials Does Not Disqualify Customs Exemption If DTA Goods Are Made from Indigenous Inputs: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049955-imported-raw-materials.webp "Use of Imported Raw Materials Does Not Disqualify Customs Exemption If DTA Goods Are Made from Indigenous Inputs: CESTAT [Read Order]")
Customs House Agent Cannot Be Penalized Without Direct Evidence or Involvement in Alleged Undervaluation: CESTAT [Read Order]
The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that a Customs House Agent (CHA) cannot be penalized without direct evidence or involvement in the alleged...
![Customs House Agent Cannot Be Penalized Without Direct Evidence or Involvement in Alleged Undervaluation: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049947-cestat-mumbai-customs-house-penalized-taxscan.webp "Customs House Agent Cannot Be Penalized Without Direct Evidence or Involvement in Alleged Undervaluation: CESTAT [Read Order]")
Madras HC Strikes Down Central Excise R.8(4) Ultra Vires, Quashes Demand Orders With Fresh Hearing [Read Order]
The Madras High Court has struck down Rule 8(4) of the Central Excise Rules, 2001 and 2002, declaring it inconsistent with Rules 3 and 4 of the Cenvat Credit Rules, 2001 and 2002, and ultra vires...
![Madras HC Strikes Down Central Excise R.8(4) Ultra Vires, Quashes Demand Orders With Fresh Hearing [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2050001-cdc7d6e5-d824-4c7f-9a74-7a7ef9c5ac5b.jfif "Madras HC Strikes Down Central Excise R.8(4) Ultra Vires, Quashes Demand Orders With Fresh Hearing [Read Order]")
Resolution Plan Approved by 83.46% Creditors Cannot Be Challenged by Lone Homebuyer u/s 60(5) of IBC [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) held that the resolution plan approved by 83.46% of creditors cannot be challenged by a lone homebuyer under Section 60(5) of...
![Resolution Plan Approved by 83.46% Creditors Cannot Be Challenged by Lone Homebuyer u/s 60(5) of IBC [Read Order]](https://images.taxscan.in/h-upload/2025/06/18/500x300_2049889-resolution-plan-creditors-taxscan.webp "Resolution Plan Approved by 83.46% Creditors Cannot Be Challenged by Lone Homebuyer u/s 60(5) of IBC [Read Order]")
