Budget 2024: Export of Goods Imported for Repair Extended from 6 months to 1 Year [Read Bill]
The Union Finance Minister, Nirmala Sitharaman, presented the full Union Budget for 2024 today before the parliament at 11 am. It was the first...
![ITAT allows deduction u/s 10AA of Income Tax Act in respect of profits derived by Unit from re-export of goods imported [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-deduction-us-10AA-of-Income-Tax-Act-profits-Unit-from-re-export-of-goods-imported-TAXSCAN.jpg "ITAT allows deduction u/s 10AA of Income Tax Act in respect of profits derived by Unit from re-export of goods imported [Read Order]")
![CESTAT quashes Penalty imposed on CHA for Improper Export of Steel made Kitchen Tableware on ground of Non-violation of CHA Regulations [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/CESTAT-Penalty-imposed-CHA-for-Improper-Export-of-Steel-Kitchen-Tableware-Non-violation-CHA-Regulations-TAXSCAN.jpg "CESTAT quashes Penalty imposed on CHA for Improper Export of Steel made Kitchen Tableware on ground of Non-violation of CHA Regulations [Read Order]")
Finance Ministry notifies new Exchange Rate of Foreign Currency for Import and Export of Goods we.f. 6th Oct 2023 [Read Notification]
The Central Board Indirect Taxes and Customs (CBIC), vide Notification No. 73/2023 - Customs (N.T.) issued on 5th October 2023 has notified the new exchange rate of foreign currency for import and...
Excise Duty Not Demandable merely for Procedural lapse in Respect of Admitted Export of Goods: CESTAT [Read Order]
The Ahmedabad bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that excise duty is not demandable merely for procedural lapse in respect of admitted export of goods ...
![Excise Duty Not Demandable merely for Procedural lapse in Respect of Admitted Export of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excise-Duty-Demandable-merely-Procedural-lapse-Respect-of-Admitted-Export-of-Goods-CESTAT.jpg "Excise Duty Not Demandable merely for Procedural lapse in Respect of Admitted Export of Goods: CESTAT [Read Order]")
![Terminal Handling Services is Specified Service: CESTAT allows Service Tax Refund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Terminal-Handling-Services-Specified-Service-CESTAT-Service-Tax-Refund-TAXSCAN-1.jpg "Terminal Handling Services is Specified Service: CESTAT allows Service Tax Refund [Read Order]")
Service Tax Liability lies on Indian Bank if Any Bank Charges paid by Indian Bank to Foreign Banks in Connection with Import or Export of Goods: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the service tax liability lies on the Indian Bank if any bank charges are paid by the Indian Bank to...
![Service Tax Liability lies on Indian Bank if Any Bank Charges paid by Indian Bank to Foreign Banks in Connection with Import or Export of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Service-Tax-Liability-Indian-Bank-Bank-Charges-Indian-Bank-Foreign-Banks-Import-Export-Goods-CESTAT-TAXSCAN.jpeg "Service Tax Liability lies on Indian Bank if Any Bank Charges paid by Indian Bank to Foreign Banks in Connection with Import or Export of Goods: CESTAT [Read Order]")
Export of goods not a condition precedent to qualify as Zero Rate Sale when sale falls under section 18 (1) of TNVAT Act: Madras HC [Read Order]
While considering a batch of appeals, the Madras High Court comprising of Justice S Vaidyanathan and Justice Mohammed Shaffiq has held that the export of goods is not a condition precedent to qualify...
![Export of goods not a condition precedent to qualify as Zero Rate Sale when sale falls under section 18 (1) of TNVAT Act: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Export-of-goods-Zero-Rate-Sale-TNVAT-Act-Madras-High-Court-VAT-VAT-act-Taxscan.jpg "Export of goods not a condition precedent to qualify as Zero Rate Sale when sale falls under section 18 (1) of TNVAT Act: Madras HC [Read Order]")
FOB Value can be rejected when AO has reason to doubt the Truth or Accuracy of Value declared about Export of Goods: CESTAT [Read Order]
The Chennai bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that FOB (free on board) value can be rejected when the Assessing Officer (AO)has reason to doubt the truth...
![FOB Value can be rejected when AO has reason to doubt the Truth or Accuracy of Value declared about Export of Goods: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/FOB-Value-AO-Truth-or-Accuracy-of-Value-Export-of-Goods-CESTAT-TAXSCAN.jpg "FOB Value can be rejected when AO has reason to doubt the Truth or Accuracy of Value declared about Export of Goods: CESTAT [Read Order]")
GST: CBIC authorizes Principal Director General/ Director General of DGARM for Withholding of IGST Refund on Export of Goods [Read Circular]
The Central Board of Indirect Taxes and Customs (CBIC) has issued an order in relation to the withholding of Integrated GST refund on the export of goods outside India and Authorisation under clause...
![GST: CBIC authorizes Principal Director General/ Director General of DGARM for Withholding of IGST Refund on Export of Goods [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/07/CBIC-Principal-Director-General-Director-General-DGARM-IGST-Refund-Export-of-Goods-taxscan.jpeg "GST: CBIC authorizes Principal Director General/ Director General of DGARM for Withholding of IGST Refund on Export of Goods [Read Circular]")