Explanation

DGFT Amends Customs Notifications to implement Option to close cases of default in Export Obligation

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]  GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 46/2013-Customs New Delhi, dated the 26th September, 2013 G.S.R. No. 659 (E),- In exercise of the powers conferred by sub-section (1) of section 25of the Customs Act, 1962 (52 of 1962), the… Read More

Tags: August 2013ExplanationExportGazette of IndiaGovernment of IndiaMinistry of Commerceministry of financeNew Delhi

Retrospective operation of Section 80IA(4) is valid as per amendment

CLR Editorial Notes: In this case, a retrospective amendment made in Sec 80IA(4) of the IT Act, was challenged by the appellant, on the following grounds: (i) it was a fresh levy of tax, (ii) no reasons were given to support the retrospective levy, (iii) the period of retrospective operation was long and so it… Read More

Tags: ARTICLE 19ConstitutionCpioDelhi High CourtEx post facto lawExplanationFinance Act

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