Person chargeable with duty must be the importer at importation; subsequent purchasers cannot be held liable where beneficial owner rules did not appl...
Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Section 194H does not apply to stockists' trade margins where pharmaceutical supplies are on a principal-to-principal basis; the margin is ordinary resale profit, not commission, so no default under section 201 arises on that count. ESOP/ESBP perquisite taxation under section 17(2)(vi) arises only on exercise of the option and allotment or transfer of shares; withholding under section 192 cannot be triggered at grant or mere accounting recognition. Delayed payment interest to MSMEs, being compensation for late sale consideration and not interest on borrowed money or debt, falls outside section 194A; where the expenditure was voluntarily disallowed, a further section 201 default consequence was unsustainable.
Section 194H does not apply to stockists' trade margins where pharmaceutical supplies are on a principal-to-principal basis; the margin is ordinary resale profit, not commission, so no default under section 201 arises on that count. ESOP/ESBP perquisite taxation under section 17(2)(vi) arises only on exercise of the option and allotment or transfer of shares; withholding under section 192 cannot be triggered at grant or mere accounting recognition. Delayed payment interest to MSMEs, being compensation for late sale consideration and not interest on borrowed money or debt, falls outside section 194A; where the expenditure was voluntarily disallowed, a further section 201 default consequence was unsustainable.
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