Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Polypropylene leno bags were held not classifiable as textile goods under Heading 6305 33 00 because the appellant failed to show that the plastic strips used in weaving satisfied the conditions for treatment as synthetic textile under Section XI Note 1(g) read with Heading 6305. The Court reiterated that there is no estoppel against claiming the correct tariff classification, but that principle does not relieve the importer of proving that the product answers the textile entry. Applying the common parlance test and relying on prior precedent, the Court found the goods were known in the market as plastic sacks, not textile sacks, and left their classification under Heading 3923 2900 undisturbed.
Polypropylene leno bags were held not classifiable as textile goods under Heading 6305 33 00 because the appellant failed to show that the plastic strips used in weaving satisfied the conditions for treatment as synthetic textile under Section XI Note 1(g) read with Heading 6305. The Court reiterated that there is no estoppel against claiming the correct tariff classification, but that principle does not relieve the importer of proving that the product answers the textile entry. Applying the common parlance test and relying on prior precedent, the Court found the goods were known in the market as plastic sacks, not textile sacks, and left their classification under Heading 3923 2900 undisturbed.
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