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Scrap Dealer Gets Second Chance: ITAT Orders Fresh Hearing After ₹3.84 Crore Tax Dispute Dismissed Without Merit Review [Read Order]

Adwaid M S

The Income Tax Appellate Tribunal (ITAT), Pune bench, has granted relief to a Maharashtra-based scrap dealer by directing a fresh hearing in his ...

GST Portal Update: GSTN to Soon Enable Registration Facility for TDS u/s 51 of GST Act for Scrap...

Recipients of Metal Scraps Liable for Tax under RCM Even if Supplier is Below GST Threshold, 2% TDS...

Not Enough Evidence to Prove Illegal Procurement of Plastic Scrap from Nepal: CESTAT quashes...

GST Evasion by Metal Scrap Trade in Kerala: One Arrested

Relief to ESSA Exports: CESTAT deems seized goods to be ‘scrap’ [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has ruled that the confiscation of goods on the non-payment of customs duty cannot be justified solely on the basis of accusations by...

Mere opening, breaking or uncorking of liquor bottle by twisting seal not amounts to “Scrap” from “Mechanical Working of Material” u/s 206C of Income Tax Act: Madras HC [Read Order]

In a recent decision the Madras High Court observed that mere opening, breaking or uncorking of liquor bottle by twisting seal not amounts to “scrap” from “mechanical working of material” under...

Value of Scrap Cleared by Paying Excise Duty cannot be Included in Assessable Value: CESTAT [Read Order]

The Mumbai bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the value of scrap cleared by excise duty cannot be included in the assessable value. M/s....

Benefits of Segregation can be allowed only if Imported Scrap Contains Impurities: CESTAT [Read Order]

In a recent ruling, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that benefits of segregation can be allowed only if imported scrap contains...

Excise Duty not demandable on Scrap cleared on which CENVAT Credit not availed: CESTAT [Read Order]

The Ahmedabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that excise duty is not demandable on scrap cleared on which CENVAT credit is not availed. The...

Value of Scrap generated after Manufacture not Includable in Assessable Value: CESTAT quashes Excise Duty Demand [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the value of scrap arising during the process of manufacture and retained by the job worker is includible in the value of...

Relief to Finolex Cables: ITAT allows claim of deduction u/s 80IC in respect of Sale of Scrap [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune Bench allowed the claim of deduction under section 80IC of the Income Tax Act in respect of sale of scrap. The Assessee, M/s. Finolex Cables Limited...