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The Customs Authority for Advance Rulings in Mumbai has determined the correct tariff classification for galacto-oligosaccharides powder. This ruling provides clarity on duty obligations for importers handling this specific substance. Professionals can now apply this classification to ensure accurate customs filings.
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The Customs Authority for Advance Rulings in Mumbai clarified that specified bulk drugs and active pharmaceutical ingredients qualify for a five percent integrated goods and services tax upon import. This decision establishes tax certainty for pharmaceutical companies bringing critical medical components into the country. Importers should verify their product specifications against this eligibility standard.
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The Customs Authority for Advance Rulings in Mumbai has determined the correct classification for a specific industrial compound. The ruling clarifies the tariff heading for marine magnesium hydroxide blended with 5 percent corn starch. Importers must apply this classification for accurate duty calculations.
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The Mumbai Customs Authority for Advance Rulings has specified the correct tariff heading for fructo-oligosaccharides powder and syrup. The decision establishes that these sweetening and prebiotic ingredients fall under customs tariff 2940. Businesses importing these items must align their filings with this classification.
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The Bangalore bench of the Income Tax Appellate Tribunal has ruled on a transfer pricing dispute involving information technology-enabled services. The tribunal excluded Datamatics from the set of comparable companies used for a captive business process outsourcing unit. This decision provides relief on transfer pricing adjustments.
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The Ahmedabad bench of the Income Tax Appellate Tribunal has held that recorded business sales cannot be taxed again as unexplained cash credits. The ruling protects taxpayers from double taxation on revenue already accounted for in regular books. It restricts tax authorities from misapplying Section 68 to normal trading receipts.
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Retail sugar prices have climbed by over four rupees per kilogram within a month, pushing the all-India average to 59.50 rupees per kilogram. The price surge stems from tight supplies driven by a shortfall in 2025-26 sugar production. In response, authorities have relaxed stock holding limits and fast-tracked cane crushing operations.
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The Visakhapatnam bench of the Income Tax Appellate Tribunal has set aside a reassessment proceeding initiated under Section 148. The tribunal found that the sanctioning authority granting approval did not possess the legal jurisdiction to do so. This procedural flaw invalidates the entire tax reopening notice.
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The central government cleared a ₹14,500-crore financial outlay to build 92 GWh of grid-scale energy storage capacity nationwide. Additionally, the administration sanctioned 850 fast-track courts dedicated to rape and child abuse cases while enabling 25% of Agniveers to join the armed forces.
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An analytical commentary examines the distribution of gains arising from India's ongoing economic growth. The piece explores which segments of society are advancing while others lag behind. It highlights existing economic disparities within the expanding national economy.
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The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal ruled that subcontractors engaged in defense housing construction qualify for service tax exemptions. This decision provides critical tax relief for entities operating within the defense infrastructure supply chain.
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The Kolkata bench of CESTAT ruled that authorities cannot demand service tax from a transporter when the service recipient has already paid it under the reverse charge mechanism. This case specifically involved Indian Oil Corporation Limited discharging the tax liability. The tribunal set aside the contrary demand orders issued against the transport provider.
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