Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Laundry soap was treated as distinct from toilet soap under the common parlance test and the Customs Tariff structure, because toilet soap is for personal cleansing while laundry soap is for washing clothes, and BIS specifications showed material differences in composition and characteristics. Occasional dual use did not change the product identity, so laundry soap could not be brought within the concessional entry for toilet soap. Accordingly, laundry soap bars weighing less than 500 grams were classified under tariff item 34011942 as other soap and attracted GST at 9% CGST and 9% SGST under serial no. 66 of Schedule II, rather than the concessional rate for toilet soap.
Laundry soap was treated as distinct from toilet soap under the common parlance test and the Customs Tariff structure, because toilet soap is for personal cleansing while laundry soap is for washing clothes, and BIS specifications showed material differences in composition and characteristics. Occasional dual use did not change the product identity, so laundry soap could not be brought within the concessional entry for toilet soap. Accordingly, laundry soap bars weighing less than 500 grams were classified under tariff item 34011942 as other soap and attracted GST at 9% CGST and 9% SGST under serial no. 66 of Schedule II, rather than the concessional rate for toilet soap.
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