Home Highlights June 2013 Year 2013 This

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1. Amend notification No 27/2011-Customs to reduce the export duty on EI tanned leather and Hides, skins and leathers, tanned and untanned, all sorts.

2. Enhancement in composition rates - Dealing in hides and skins - Tax liability - assessee was not properly advised when he questioned the notifications before the High Court - SC

3. Addition u/s 40A (3) - expenses incurred by the assessee for the purchase of raw hides and skins in cash - Notices to sellers sent u/s 133(6) of the Act have returned...

4. Denial of CENVAT Credit - Shortage of raw material - Marginal difference noticed - marginal variation due to weighment by different machines to be ignored if within...

5. Classification of supply - Composite supply or not - Job-Work or not - activity of tanning, with chemical consumption - treatment or processing undertaken on goods owned...

6. Reduction of Input Tax Credit - purchases of hides and skins resold in the course of inter-State trade and commerce - denial of reimbursement as per section 15(b) of the...

7. Disallowance out of salary wages and bonus - no justification in making the adhoc disallowance - This huge amount of sales, job work income and net profit cannot be...

8. Classification of goods - It is a known fact that hides, skins and other cannot be subjected to injection moulding and, therefore, the claim of the appellant that the...

9. Nature of assessee – simply because the students have to read the Quran and do prayers and have specific dress code, it cannot be said that it is not an educational...

10. Classification under 8479 or 8448 - (1) Wire mounting equipment: (2) Roll-O-Dress - lickering mounting machine; and (3) Flat mounting machine - classified under Chapter...