Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
In an export classification dispute, the decisive criterion for distinguishing industrial salt from muriate of potash was the potassium chloride content. The test report relied on by the adjudicating authority did not state that percentage, so it did not provide the determinative basis to classify the goods as restricted fertilizer or establish misdeclaration. On that evidence, the allegation that the exported goods were muriate of potash was not proved, and the penalty for illegal export of restricted goods could not be sustained; the penalty was set aside with consequential relief.
In an export classification dispute, the decisive criterion for distinguishing industrial salt from muriate of potash was the potassium chloride content. The test report relied on by the adjudicating authority did not state that percentage, so it did not provide the determinative basis to classify the goods as restricted fertilizer or establish misdeclaration. On that evidence, the allegation that the exported goods were muriate of potash was not proved, and the penalty for illegal export of restricted goods could not be sustained; the penalty was set aside with consequential relief.
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