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CA Corner

CESTAT Delhi Rules DFIA Customs Demand Time-Barred Without Intent to Evade Duty

The Delhi bench of CESTAT ruled that customs demands under the DFIA scheme are time-barred if authorities fail to prove an intent to evade duty. This decision protects importers from extended limitation periods when there is no deliberate suppression or misstatement. Finance professionals must review past duty notices to check if extended timelines were applied incorrectly.

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Taxguru1m ago 1 min
CA Corner

CESTAT Mumbai Clarifies Cocoa Powder Excluded From DFIA Flour Authorisations

CESTAT Mumbai ruled that cocoa powder falls outside the scope of DFIA authorisations issued for flour imports. The tribunal confirmed that dissimilar inputs cannot be claimed under generic export-import licenses without specific matching descriptions. Importers must verify exact input-output norms before filing duty-free claims.

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Taxguru3m ago 1 min
Personal Finance

India Property Listings Edge Up 0.5 Percent in Q3 With Nagpur and Lucknow Leading

India's property listings recorded a modest 0.5 percent increase during the third quarter, with Nagpur and Lucknow driving the growth. This sluggish national uptick highlights uneven regional real estate activity across the country. Market participants should analyze local supply trends before making capital commitments.

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Business Standard11m ago 1 min
CA Corner

Grasim and Suzlon Partner to Build India's First Recyclable Wind Turbine Blades

Grasim Industries Limited, through Aditya Birla Renewables Limited, signed an MoU with Suzlon Energy Limited to create India's first wind turbines featuring recyclable blades. This collaboration aims to advance sustainable manufacturing within the domestic renewable energy sector. Stakeholders should monitor forthcoming project timelines and technological rollouts.

Scrips: GrasimSuzlon

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Taxguru6m ago 1 min
Fintech & UPI

OneStack Secures Rs 12.5 Crore to Integrate Cooperative Banks Into UPI Ecosystem

OneStack raised Rs 12.5 crore in funding to expand cooperative banks deeper into the Unified Payments Interface ecosystem. The capital will help upgrade digital infrastructure for smaller regional lenders. Financial institutions must adapt to these technological integrations to stay competitive.

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The Economic Times11m ago 1 min
Income Tax Govt

Allahabad High Court Rules Section 12AA Status Fails to Cover Prior Pending Appeals

The Allahabad High Court has ruled that a trust cannot apply a Section 12AA registration retrospectively to benefit an earlier tax appeal pending before the tribunal. This legal decision clarifies that fresh charitable status does not automatically resolve historical assessment disputes without specific statutory provisions.

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Taxguru13m ago 1 min
Income Tax

Supreme Court Permits Trust to Withdraw Special Leave Petition Over Exemption Dispute

The Supreme Court has dismissed a Special Leave Petition as withdrawn in a legal dispute involving tax exemptions for trusts under Section 11 and Section 12. This action closes the current judicial challenge without setting a new precedent on the core tax matters.

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Taxguru13m ago 1 min
Global Finance

Democrats Flip Congress in Blue Wave Amid 2026 Midterm Elections

Democrats successfully flipped Congress in a blue wave during the second day of the 2026 midterm elections. Live updates indicate major shifts in legislative control following the vote count. International market observers must monitor potential policy shifts stemming from this political outcome.

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CNBC Global14m ago 1 min
Investment

Sacheerome IPO Investors Garner 291 Percent Returns Across Sixteen Months on NSE SME

Initial public offering investors who secured a single lot of Sacheerome at one hundred two rupees experienced a substantial value increase over sixteen months. The holding grew from one lakh twenty-two thousand four hundred rupees to four lakh seventy-eight thousand five hundred rupees at three hundred ninety-eight rupees and seventy-five paisa per share. This generated an unrealized gain of three lakh fifty-six thousand one hundred rupees before accounting for costs and taxes.

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LiveMint Markets14m ago 1 min
Economy

IndiGo Engages in Early Discussions With Aircraft Maker Embraer for One Hundred Jets

Low-cost carrier IndiGo is in early-stage talks with Embraer to acquire 100 regional jets. The potential agreement also includes options for an additional 50 aircraft, with deliveries potentially starting in 2030 or later.

Scrips: IndiGo

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Hindu BusinessLine19m ago 1 min
Commodities

Silver Rises Past $51 Per Ounce Following United States Midterm Elections

Silver prices increased by more than 4 percent to surpass $51 per ounce after Democrats won the United States midterm elections. This political shift caused a decline in the dollar and Treasury yields. HSBC anticipates that further price increases will be restricted because current trading values already align closely with fundamental market conditions.

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ET Markets27m ago 1 min
Economy

China Services Sector Growth Cools to Three-Month Low Amid Margin Pressures

China recorded a slowdown in its services sector growth to a three-month low due to mounting operational costs and severe market competition that compressed profit margins. This deceleration in the Purchasing Managers' Index and falling business sentiment could pressure Chinese equities, despite resilience in export orders.

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ET Markets33m ago 1 min

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