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NICAI Updates for Supply and Installation of works contract 2014

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  • NICAI Updates for Supply and Installation of works contract 2014

    Supply and Installation of lifts is a works contract: Supreme Court of India explains distinction between contract for sale of goods and works contract in the case of M/S. Kone Elevator India Pvt. Ltd. vs. State of Tamil Nadu and Ors. [Writ Petition (C) No. 232 OF 2005) vide its order dated 06.05.2014].

    Judge entitled to alter verdict already delivered in open court until judgement is signed and sealed- Supreme Court of India. SC held that we do not find any forcible submission advanced on behalf of the petitioners that once the order had been dictated in open court, the order to review or recall is not permissible in view of the provisions of Section 362 Cr.P.C.

    Classification of rice par-boiling machinery under Central Excise tariff [Circular No. 982/06/ 2014 – CX , Dated: 15.05.2014 Subject].
    Last edited by Parveen Komal; 05-17-2014, 02:59 PM.
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