![Relief to Bhima Jewels, Limitation Act Applicable on Proceedings u/s 25A of KVAT Act: Kerala HC [Read Order]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041984-bhima-jewels-proceedings-kvat-kerala-hc.webp "Relief to Bhima Jewels, Limitation Act Applicable on Proceedings u/s 25A of KVAT Act: Kerala HC [Read Order]")
Relief to Bhima Jewels, Limitation Act Applicable on Proceedings u/s 25A of KVAT Act: Kerala HC [Read Order]
In a recent case, the Kerala High Court has ruled in favor of Bhima Jewels, holding that the Limitation Act is applicable to proceedings under...
![Intention Must be Proven for Imposing Penalty u/s 114AA of Customs Act for Obtaining Undue Export Advantage: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/10/250x150_2041976-undue-export.webp "Intention Must be Proven for Imposing Penalty u/s 114AA of Customs Act for Obtaining Undue Export Advantage: CESTAT [Read Order]")
![Service Tax under RCM not Leviable on Bank Charges Paid to Foreign Banks: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/10/250x150_2041974-service-tax-rcm-foreign-banks-taxscan.webp "Service Tax under RCM not Leviable on Bank Charges Paid to Foreign Banks: CESTAT [Read Order]")
RBI Removes Restrictions on Use of Brickwork Ratings for Capital Adequacy Calculations [Read Notification]
The Reserve Bank of India (RBI) issued notification dated June 9, 2025, removing all restrictions on the use of credit ratings issued by Brickwork Ratings India Private Limited (BRIPL) for capital...
![RBI Removes Restrictions on Use of Brickwork Ratings for Capital Adequacy Calculations [Read Notification]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041950-rbi-brickwork-ratings-capital-adequacy-calculations-taxscan.webp "RBI Removes Restrictions on Use of Brickwork Ratings for Capital Adequacy Calculations [Read Notification]")
RBI Clarifies Prudential Treatment of PSL Shortfall Contributions by Urban Co-operative Banks [Read Notification]
The Reserve Bank of India (RBI) issued notification dated June 9, 2025, providing much-needed clarity on the prudential treatment of contributions made by Urban Co-operative Banks (UCBs) to...
![RBI Clarifies Prudential Treatment of PSL Shortfall Contributions by Urban Co-operative Banks [Read Notification]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041963-rbi-banks-shift-bankin-domains-october-31-taxscan-1-1.webp "RBI Clarifies Prudential Treatment of PSL Shortfall Contributions by Urban Co-operative Banks [Read Notification]")
€1 Million Cancelled Invoice for Post-Contract Services Not Dutiable as Additional Consideration for Imports: CESTAT [Read Order]
The New Delhi Principal Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that an unpaid and later cancelled €1 million invoice issued for post-contract services...
![€1 Million Cancelled Invoice for Post-Contract Services Not Dutiable as Additional Consideration for Imports: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041944-invoice.webp "€1 Million Cancelled Invoice for Post-Contract Services Not Dutiable as Additional Consideration for Imports: CESTAT [Read Order]")
Fabric Rolls Missing from Taxpayer’s Custody After Legal Seizure: CESTAT Upholds Redemption Fine [Read Order]
The New Delhi Principal Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that goods seized by customs authorities but later found missing from the taxpayer’s custody...
![Fabric Rolls Missing from Taxpayer’s Custody After Legal Seizure: CESTAT Upholds Redemption Fine [Read Order]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041938-fabric-rolls-fabric-rolls-missing-fabric-rolls-missing-from-taxpayers.webp "Fabric Rolls Missing from Taxpayer’s Custody After Legal Seizure: CESTAT Upholds Redemption Fine [Read Order]")
![CESTAT: License Fee in Brewery Contract Not Taxable as Part of Immovable Property Rent [Read Order]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041949-immovable-property-rent-brewery-contract-cestat-taxscan.webp "CESTAT: License Fee in Brewery Contract Not Taxable as Part of Immovable Property Rent [Read Order]")
Notional Interest on Security Deposits for Locker Rentals Not Taxable as Service Value: CESTAT [Read Order]
The New Delhi Principal Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that notional interest on interest-free security deposits collected for locker rentals cannot...
![Notional Interest on Security Deposits for Locker Rentals Not Taxable as Service Value: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041942-locker-rentals.webp "Notional Interest on Security Deposits for Locker Rentals Not Taxable as Service Value: CESTAT [Read Order]")
Manipur GST (Amendment) Ordinance, 2025 Notified: Key Changes Mirror Central GST Amendments [Read Notification]
The President of India has promulgated the Manipur Goods and Services Tax (Amendment) Ordinance, 2025, aligning the state’s GST Act with recent amendments to the Central GST Act as introduced...
![Manipur GST (Amendment) Ordinance, 2025 Notified: Key Changes Mirror Central GST Amendments [Read Notification]](https://images.taxscan.in/h-upload/2025/06/10/500x300_2041953-gst-ordinance-site-img.webp "Manipur GST (Amendment) Ordinance, 2025 Notified: Key Changes Mirror Central GST Amendments [Read Notification]")