Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
Provisional release of seized imported Multi-Functional Devices was directed subject to payment of the enhanced duty as quantified, furnishing a bank guarantee for 10% of the total price, and maintenance of transaction details if the goods were later sold. HC treated the matter as comparable to earlier petitions where conditional release had been ordered, and left customs adjudication to proceed independently on merits. Any request for waiver of demurrage was to be considered objectively, and the adjudicating authority was to decide uninfluenced by the interim release.
Provisional release of seized imported Multi-Functional Devices was directed subject to payment of the enhanced duty as quantified, furnishing a bank guarantee for 10% of the total price, and maintenance of transaction details if the goods were later sold. HC treated the matter as comparable to earlier petitions where conditional release had been ordered, and left customs adjudication to proceed independently on merits. Any request for waiver of demurrage was to be considered objectively, and the adjudicating authority was to decide uninfluenced by the interim release.
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