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 2013, Explanation, Export, Gazette of India, Government of India, Ministry of Commerce, ministry of finance, New 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 19, Constitution, Cpio, Delhi High Court, Ex post facto law, Explanation, Finance Act
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