Read more about Indirect Tax Legislative and Judicial updates and Foreign Trade Policies in ‘The Indirect Tax Weekly Digest’ by BDO in India.
- Supreme Court – Upholds the withdrawal of customs notification granting a concessional rate of customs duty.
- Supreme Court – User Development Fee levied and collected by airport operation, maintenance, and development entities is not leviable to Service tax.
- CESTAT Chennai – The exporter is not liable to pay Service tax under the reverse charge mechanism on foreign bank charges.
Source BDO
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