DGFT Extends "Free" Import Policy for Urad Beans Until March 31, 2026
The Ministry of Commerce & Industry has issued Notification No. 64/2024-25, dated March 2025, announcing the extension of the "Free" import...
![Madras HC directs Payment of 10% Disputed Tax and Reverification on ITC Mismatch between GSTR-3B and GSTR-2A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Madras-HC-Payment-Disputed-Tax-ITC-Mismatch-between-GSTR-3B-GSTR-2A-TAXSCAN.jpg "Madras HC directs Payment of 10% Disputed Tax and Reverification on ITC Mismatch between GSTR-3B and GSTR-2A [Read Order]")
DGFT Prohibits Free Import of Screws of CIF Value under Rs. 129 Per Kg; Notification Out [Read Notification]
As of January 3, 2024, the Directorate General of Foreign Trade (DGFT), through notification no. 55/2023, has restricted the unrestricted import of screws falling under HS Code 7318 in Chapter 73 of...
Burden on assessee to Prove Genuineness of Transaction Beyond Doubt for Claiming ITC under UPGST: Allahabad HC [Read Order]
In a significant ruling the Allahabad High Court ruled that the burden is on the assessee to prove genuineness of transaction beyond doubt for claiming input tax credit (ITC) under the Uttar Pradesh...
![Burden on assessee to Prove Genuineness of Transaction Beyond Doubt for Claiming ITC under UPGST: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Burden-on-assessee-to-Prove-Genuineness-of-Transaction-ITC-UPGST-Allahabad-HC-Genuineness-of-Transaction-taxscan.jpg "Burden on assessee to Prove Genuineness of Transaction Beyond Doubt for Claiming ITC under UPGST: Allahabad HC [Read Order]")
Maintenance of Separate Bank Accounts for Projects by Bhartiya Urban Ltd: CCI quashes Profiteering charges [Read Order]
The Competition Commission of India (CCI) quashed profiteering charges on the ground of maintenance of separate bank accounts for projects by Bhartiya Urban Pvt Ltd. A Report was received from the...
CBIC Inserts New Entry for Imitation Zari Thread or Yarn Made from Metallised Polyester Film/plastic Film; Applies ITC Refund
The Central Board of Indirect Taxes and Customs (CBIC), introduced a new entry for Imitation Zari Thread or Yarn Made from Metallised Polyester Film/plastic Film. It was stated that this entry...
