# Supreme Court affirms that there is no export duty on clearances to SEZ.
# In line with the words of wisdom of the great Kautilya, who said that the taxing of the subjects shall be like getting the honey without plucking the flower, our Income Tax department celebrated its glorious 150th year of tireless h(m)oney suction!!!
# Instructions issued for removal of goods from Special Economic Zone to bonded warehouse. The removal will have to be effected under yellow Bill of Entry and the rewarehousing certificate is to be submitted to the customs with in 45 days of date of Clearance.
# Amendment brought about in construction service by Finance Act, 2010 subjecting any amount received prior, during or post construction to service tax has been challenged in writ before Hon’ble Highcourt of Mumbai.
# Karnataka Highcourt directs BSNL to pay ` 560 crore to government in a notice issued under VAT seeking recovery 6600 crores on ground that by providing bandwidth to customers through optical fibre cables, BSNL had effected sale of light energy .
# The Delhi High court directed the Insurance Regulatory and Development Authority (IRDA) to ensure that the medical policy holders are not denied treatment under the cashless policy schemes due to the rift between the insurance companies and the city hospitals
# In order to facilitate an uniform and better administration and control of such EOUs and also to facilitate the shift to Goods and Services Taxes (GST) regime in future, the Board has decided that the EOU units functioning in the jurisdiction of Customs including port cities, will henceforth be under the Administrative Control of the respective jurisdictional Central Excise Commissionerate with effect from 31-07-2010, as communicated by D.G. (Export Promotion) vide letter F. No.DGEP/EOU/120/2007 dated 18/5/2010... Click here for the Trade notice