Manufacturing Growth Key to Stronger Rupee, Services Exports Play Secondary Role: CEA in Economic Survey
Chief Economic Adviser V Anantha Nageswaran, speaking at the Economic Survey 2026 press briefing, said that depreciation of currencies is a common...
![COFEPOSA Detention Sustained: Karnataka HC Rejects Habeas Corpus Plea in ₹12.56 Crore Gold Smuggling Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/25/250x150_2114761-karnataka-hc-habeas-corpus-plea-gold-smuggling-cofeposa-detention-gold-smuggling-case-taxscan.webp "COFEPOSA Detention Sustained: Karnataka HC Rejects Habeas Corpus Plea in ₹12.56 Crore Gold Smuggling Case [Read Order]")
![Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]](https://images.taxscan.in/h-upload/2025/10/13/250x150_2096183-income-tax-reassessment-notices-share-transfer-delhi-hc-taxscan.webp "Income Tax Reassessment Notices issued for Share Transfer: Delhi HC Sets Aside Notices, Remands for Fresh Consideration [Read Order]")
![RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]](https://images.taxscan.in/h-upload/2025/10/10/250x150_2095463-flag.webp "RBI FEMA Amendment: Bhutan, Nepal & Sri Lanka Entities can now Borrow from Indian Authorised Dealer Banks [Read Notification]")
![Foreign Exchange Loss on Outstanding Import Liabilities Allowed Considering Mercantile Accounting Method Followed: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/10/250x150_2095358-foreign-exchange-outstanding-import-liabilities-itat-taxscan.webp "Foreign Exchange Loss on Outstanding Import Liabilities Allowed Considering Mercantile Accounting Method Followed: ITAT Deletes Addition [Read Order]")
CESTAT holds Exemption under Notification 19/2009-ST as Prospective, upholds Right to Tax Option under Rule 6(7B) [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has partly allowed an appeal filed by M/s Foundation One Infrastructures Pvt. Ltd., holding that while the...
![CESTAT holds Exemption under Notification 19/2009-ST as Prospective, upholds Right to Tax Option under Rule 6(7B) [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094373-cestat-cestat-holds-exemption-exemption-under-notification-taxscan.webp "CESTAT holds Exemption under Notification 19/2009-ST as Prospective, upholds Right to Tax Option under Rule 6(7B) [Read Order]")
Revenue cannot compel Assessee to Take One of Available Options: CESTAT quashes Service Tax Demand on Transaction w/o Flow of Consideration in Terms of Money [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has partly allowed the appeal of M/s VKC Credit and Forex Services Pvt. Ltd. (now known as Essel Finance VKC...
![Revenue cannot compel Assessee to Take One of Available Options: CESTAT quashes Service Tax Demand on Transaction w/o Flow of Consideration in Terms of Money [Read Order]](https://images.taxscan.in/h-upload/2025/10/06/500x300_2094358-cestat-quashes-service-tax-demand-taxscan.webp "Revenue cannot compel Assessee to Take One of Available Options: CESTAT quashes Service Tax Demand on Transaction w/o Flow of Consideration in Terms of Money [Read Order]")
RBI Extends Time Limit for Foreign Exchange Outlay in Merchanting Trade Transactions to Six Months [Read Announcement]
The Reserve Bank of India (RBI), through its A.P. (DIR Series) Circular No. 11 dated October 1, 2025, has announced a relaxation for Merchanting Trade Transactions (MTT) by extending the time ...
![RBI Extends Time Limit for Foreign Exchange Outlay in Merchanting Trade Transactions to Six Months [Read Announcement]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093770-foreign-exchange.webp "RBI Extends Time Limit for Foreign Exchange Outlay in Merchanting Trade Transactions to Six Months [Read Announcement]")
![DGFT Lifts Export Ban on De-Oiled Rice Bran, Amends Export Policy [Read Notification]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093857-de-oiled-rice-bran-taxscan.webp "DGFT Lifts Export Ban on De-Oiled Rice Bran, Amends Export Policy [Read Notification]")
Refund Cannot Be Denied for Lack of BRC/FIRC: CESTAT Sets Aside Rejection in Service Tax Case [Read Order]
The bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Mumbai, set aside the order of the Commissioner (Appeals) and allowed the refund claim of accumulated Cenvat Credit...
![Refund Cannot Be Denied for Lack of BRC/FIRC: CESTAT Sets Aside Rejection in Service Tax Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/500x300_2093057-cestat-service-tax-service-tax-case-rejection-in-service-tax-case-taxscan.webp "Refund Cannot Be Denied for Lack of BRC/FIRC: CESTAT Sets Aside Rejection in Service Tax Case [Read Order]")
No Confiscation Without Authority: CESTAT Rules DRI and Customs Cannot Invalidate BRCs or DEPB Scrips Without DGFT or RBI Action [Read Order]
The New Delhi Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the Directorate of Revenue Intelligence (DRI) has no legal authority under the Customs Act or any...
![No Confiscation Without Authority: CESTAT Rules DRI and Customs Cannot Invalidate BRCs or DEPB Scrips Without DGFT or RBI Action [Read Order]](https://images.taxscan.in/h-upload/2025/09/03/500x300_2083779-confiscation-without-authority-cestat-dri-customs-brcs-depb-scrips-dgft-rbi-action-taxscan.webp "No Confiscation Without Authority: CESTAT Rules DRI and Customs Cannot Invalidate BRCs or DEPB Scrips Without DGFT or RBI Action [Read Order]")
Compounding Application Made under FEMA in Completion of Adjudication Process is not Maintainable: Calcutta HC [Read Order]
In a recent case, the Calcutta High Court has held that Compounding Application made under Foreign Exchange Management Act, 1999 (FEMA) in the Completion of adjudication process is not maintainable....
![Compounding Application Made under FEMA in Completion of Adjudication Process is not Maintainable: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/09/500x300_2074762-compounding-application-made-under-fema-compounding-application-taxscan.webp "Compounding Application Made under FEMA in Completion of Adjudication Process is not Maintainable: Calcutta HC [Read Order]")