Rebate on exported goods under Excise Rule 18 is available for inputs as well as finished goods: SC

Central Excise : Word "or" in Rule 18 of the Central Excise Rules, 2002, to be interpreted as "and" and therefore, the exporters are entitled to both the rebates under Rule 18 (viz. input‐stage rebate as well as output‐stage rebate on finished goods) and not one kind of rebate

Exemption available to Concrete Mix can't be extended to Ready Mix Concrete

Central Excise : Ready Mix Concrete (RMC) is not same as Concrete Mix (CM); hence, exemption under Notification No. 4/CE dated 1-3-1997 available on on-site manufacture of CM for use in construction, cannot be extended to RMC

Delhi Govt. to pay 5 times of amount to public for their VAT purchases under new award scheme

EXCISE : Launch of an Award Scheme Under the Title 'Bill Banvao, Inaam Pao'

Provision for ‘loss on transit-breakage’ being contingent in nature isn't allowable: HC

IT : In case of assessee, engaged in business of manufacture and sale of India Made Foreign Liquor (IMFL), provision made for transit breakage was to be regarded as liability of contingent nature and as such was not an allowable deduction under section 37(1)

Credit on Banking Service and Technical Inspection Service is admissible to exporter of diamonds

Service Tax : Bank Charges in relation to business of manufacture and export of goods, whether pertaining prior to manufacture or after manufacture, are eligible for credit under rule 2(l) or refund under Notification No. 17/2009-ST