Reopening of assessment cannot rest solely on an audit party's opinion; reassessment under Section 147/148 is impermissible and power of revision shou...
Tested party selection: functional analysis identified the least complex unit as the appropriate tested party, altering the transfer pricing adjustmen...
The Commissioner of Customs approved and specified an access road area of 118,089.89 sq. m. at the BMCTPL terminal as part of the customs area for unloading imported goods and loading export goods. BMCTPL was appointed custodian of imported and export cargo in the notified area until clearance, warehousing, transshipment or export, and was also ed as Customs Cargo Services Provider for the entire area. The appointment is subject to compliance with the Customs Act, the Handling of Cargo in Customs Areas Regulations, 2009, and other applicable directions, with the approval remaining reviewable for non-compliance or government direction.
The Commissioner of Customs approved and specified an access road area of 118,089.89 sq. m. at the BMCTPL terminal as part of the customs area for unloading imported goods and loading export goods. BMCTPL was appointed custodian of imported and export cargo in the notified area until clearance, warehousing, transshipment or export, and was also ed as Customs Cargo Services Provider for the entire area. The appointment is subject to compliance with the Customs Act, the Handling of Cargo in Customs Areas Regulations, 2009, and other applicable directions, with the approval remaining reviewable for non-compliance or government direction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
