DGFT Launches ‘Source from India’ Feature on Trade Connect Platform for Status Holders

The Bombay High Court has provided relief to Kaarya Facilities and Services by clarifying the standard for quantifying the tax amount payable under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019. The court held that the amount to be considered for the scheme should be the one that was "quantified" by the department on or before the cut-off date. It clarified that a mere show-cause notice proposing a certain tax liability does not amount to a final quantification. There must be a more formal determination of the tax due, such as through an adjudication order or a written communication confirming the amount. This interpretation prevents the department from using inflated or unverified amounts from a preliminary notice for the purpose of the settlement scheme. The ruling ensures a fair and reasonable basis for calculating the settlement dues under the SVLDRS.