CESTAT Sets Aside DEPB Denial for Assessed Shipping Bills
CESTAT ruled that assessed shipping bills cannot be reopened after export, setting aside the denial of DEPB benefits for the importer.
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CESTAT ruled that assessed shipping bills cannot be reopened after export, setting aside the denial of DEPB benefits for the importer.
CESTAT has ruled that customs must apply sequential valuation rules before invoking Rule 8 for duty assessments, emphasizing the necessity of following established procedures.
The Gauhati High Court has quashed the customs seizure of areca nuts, ruling that mere suspicion cannot substitute the statutory requirement for establishing foreign origin.
The Gauhati High Court has upheld the customs seizure of areca nuts, affirming that objective circumstances justified the statutory basis for belief under Section 110.
The CAAR has ruled that Greek Zante Currants qualify as raisins for customs classification, allowing them to be eligible for exemption under Notification No. 45/2025.
The CAAR has ruled that compact laser engraving machines do not fall under the purview of anti-dumping duties as per Notification No. 15/2023.
The Customs Authority for Advance Rulings (CAAR) has determined that laser-marked diamonds are classified as semi-processed, thus ineligible for the customs duty exemption under Sr. 345.
CAAR has clarified that the Customs exemption under Notification 45/2025 is strictly applicable to research activities only, disallowing benefits for Exhibit Batch imports due to breaches of notification conditions.

The CESTAT ruled that astronomy coaching is a science-based activity, not eligible for service tax exemption intended for recreational arts or culture. This determination delineates the scope of the exemption in service tax law.

The Chhattisgarh High Court granted regular bail in a ₹7.59 crore fake Input Tax Credit case, determining further custodial interrogation was unnecessary.

The ITAT ruled that the Principal Commissioner of Income Tax (PCIT) cannot revise an assessment based on a deduction that the taxpayer never claimed. This decision clarifies the limitations of PCIT's powers in assessment revisions.
The RBI Governor met with representatives from export organizations to discuss strategies for enhancing exports and strengthening industry relationships.
The RBI has released a calendar for Treasury Bills issuance covering the next quarter, providing key dates for investors to strategically plan their investments.