Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
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Valid country of origin certificates under the India-ASEAN PTA Rules, the India-Malaysia PTA Rules and the exemption notifications could not be ignored for preferential customs duty unless they were invalidated through the prescribed retroactive verification mechanism. CESTAT held that Customs was bound to act on the certificates as documentary proof of origin, and the Revenue's reliance on a later Madras High Court decision was distinguishable because that case involved serious discrepancies in the certificate itself. It also held that, for the relevant period, the importer had no mandatory obligation to prove how regional value content was satisfied; that requirement arose only after Section 28DA and the CAROTAR Rules. The denial of exemption, with demand, interest and penalty, was set aside.
Valid country of origin certificates under the India-ASEAN PTA Rules, the India-Malaysia PTA Rules and the exemption notifications could not be ignored for preferential customs duty unless they were invalidated through the prescribed retroactive verification mechanism. CESTAT held that Customs was bound to act on the certificates as documentary proof of origin, and the Revenue's reliance on a later Madras High Court decision was distinguishable because that case involved serious discrepancies in the certificate itself. It also held that, for the relevant period, the importer had no mandatory obligation to prove how regional value content was satisfied; that requirement arose only after Section 28DA and the CAROTAR Rules. The denial of exemption, with demand, interest and penalty, was set aside.
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