In response to the shipping disruptions caused by tensions around the Strait of Hormuz, the Central Board of Indirect Taxes and Customs (CBIC) has announced temporary relaxations in port procedures for export consignments that are being forced to return to Indian ports.
The relief measures...
Finance Minister Nirmala Sitharaman arrived at Kartavya Bhawan at the Finance Ministry on Saturday, marking a significant moment ahead of the presentation of the...
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench has allowed CENVAT credit on Business Support Services (BSS) and Management or Business Consultant Services (MBCS) availed by a manufacturer, holding that such services fall within the ambit of “input services” connected with...