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...
After remand, the Tribunal held that the only surviving issue was whether post-export conversion of free and drawback shipping bills to the advance authorisation scheme was supported by the documentary record. It found that the Commissioner could not again reject the request merely because the goods had passed through RMS without physical examination at export, where the earlier rejection had been on limitation and the remand was limited to verification of documents. Certificates issued by Central Excise authorities identified the relevant advance authorisation numbers, and the Chartered Accountant's certificate matched the import and export particulars shipping bill-wise. In the absence of contrary material, documentary verification was treated as sufficient and conversion was allowed.
After remand, the Tribunal held that the only surviving issue was whether post-export conversion of free and drawback shipping bills to the advance authorisation scheme was supported by the documentary record. It found that the Commissioner could not again reject the request merely because the goods had passed through RMS without physical examination at export, where the earlier rejection had been on limitation and the remand was limited to verification of documents. Certificates issued by Central Excise authorities identified the relevant advance authorisation numbers, and the Chartered Accountant's certificate matched the import and export particulars shipping bill-wise. In the absence of contrary material, documentary verification was treated as sufficient and conversion was allowed.
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