Top kota fibres case study analysis Secrets

Services Tax: Cargo dealing with companies/ Enterprise auxillary companies: Demand from customers: i) The arrangement is with regard to the sale of goods produced from the manufacturing unit premises on the appellants for export. The settlement shows that equally have entered right into a agreement for sharing export incentive amongst them, for that goal they rates at the speed of 3.25 of FOB value. Prima facie this cannot be billed under the classification of business enterprise auxiliary for exporting and for promoting the solutions of sale of items.

Cargo Dealing with Support: Demand from customers: Stay: Dealing with of goods in the factory premises and pursuits for example shifting of unfinished and completed goods in the factory premises doesn't volume to offering 'cargo handling service': Pre deposit waived.

With this Modification, packing with transportation might be classifiable under cargo dealing with assistance only and repair Tax might be levied.

That depending on the forecast Guna Fibres can return to their envisioned cycle of zeroing out the credit history line by the tip of 2012. Resulting from modifications inside the shipping and delivery plan Guna Fibres will need to switch their purchasing coverage as shown via the purple row. Listed here the purchases in time period (t) are based on the forecasted gross revenue in (t+one). Feasibility of Sikh’s prepare seems to be high as he indicates in his memo that new stock procedures might be set in effect for January.

Along with this potential operate within the prognosis of muscle sickness, MRI demonstrates A lot assure to be a Device to monitor condition development and provide sensitive end result measures for scientific trials. MRI has the capacity to quantify intramuscular Excess fat accumulation With all the 3-level Dixon sequence [sixty seven] most often utilised. Acute pathology can be quantified by measuring increases in T2 in muscle; these may be reversible with helpful therapy, as disclosed for periodic paralysis [sixty eight].

Cenvat credit history: Enter Assistance: Appellants doing trading exercise which isn't a taxable service: Credit rating not admissible: Appellants contending that they're also supplying erection, commissioning or installation, mend support in the course of warranty time period etc: Directions issued for partial pre deposit. 

The company Sengupta Fabrics Ltd was included inside the late 1960’s with its important focus on the productivity of nylon fiber. The organization commenced its operations with a single plant positioned in Kota, India, Whilst, the company was run by Mrs. Sharma, who took place to be the owner and the handling director of the corporation. The business manufactured synthetic fibers which were in excellent desire for building the normal Indian costume referred to as saris.

The case examines Revital’s change from a prescription product to a preferred around-the-counter (OTC) brand name and explores Ranbaxy’s approaches to place Revital since the brand with the highest remember. It assesses Revital’s opponents in India’s booming nutraceutical market within a circumstance...

Cargo Handling Service: To phone an exercise to generally be cargo dealing with company there needs to be an exercise of movement of cargo from 1 place to a different place without, any inside movement throughout the mining region.

Bonafides : Just since the appellant did not make an application for registration and didn't fork out tax is not any ground to come to the obtaining that the identical was carried out using a mala fide intention.

In addition, its Banker, the All-India Bank experienced become cautious of the organization’s economic well being owing to the higher frequency of overdraft requests. Provided this example the bank’s lending officer demanded a monetary forecast right before he could advance even more financial loans to the corporate.

Service Tax: Cargo handling agents: Scope and legal responsibility: Remand: The amount gained underneath Annexure seven was seek the services of costs, the Authorities need to do nicely for getting affirmation from SAIL as to character of activity truly performed to arrive at a proper summary. When the taxability occurs, the problem of limitation could be determined. It's produced abundantly clear that levy of tax on just one aspect of the make a difference by Union Authorities and levy from the Condition Government on A different facet of the identical transaction can't be explained to obtain overlapped the topic for taxation considering that Just about every and every element of taxation because of the entry relating to taxation is renowned for the Legislature.

Cargo managing service: Offer of manpower: After the department accepts the fact that the appellant's case falls underneath the classification of "manpower recruitment agency" and collects assistance tax underneath that category, they can't say that during an earlier period they would be coming under cargo handling support.

Regretably, even the implementation of both of those of those measures is not likely to fulfill the financial index institution. Very first, the versions never show that Guna Fibres can zero out the equilibrium around the account both in the temporary or at any point future calendar year.

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