Friday 29 September 2017

HC’s order impleading CBEC in challenge to IGST payment under Advance Authorisations

Delhi HC impleads CBEC as respondent in writ petition challenging curtailment of duty exemption benefit under Advance Authorisation Scheme; Directs CBEC to instruct all Customs Commissionerates to comply with interim order dated September 11 allowing imports without payment of IGST against authorisations issued prior to July 1; Notes that despite such interim order, petitioner was compelled to pay IGST to effect clearance of raw material under specified authorisations; Matter is listed on February 22, 2018 

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Taxation of Intangible assets acquired through business restructuring.

1.     Background    1.1        When a company aims to acquire another company's business through amalgamation or demerger, assets or ...