Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Jewellery exported under the Replenishment Scheme was treated as manufactured through a fully mechanised process, so the applicable value addition norm was 2.05% rather than 3.5%. On that basis, the exporter was eligible to procure duty-free gold and the customs duty demand on the nominated agency failed. The Tribunal also held that the extended limitation period was unavailable because the shipping bills and provisional invoices disclosed the relevant particulars, including value addition, weights and rate, so suppression of facts and intent to evade duty were not proved. Penalties on the nominated agency, exporter and partner were set aside, including because the job worker's statement could not be relied on without cross-examination.
Jewellery exported under the Replenishment Scheme was treated as manufactured through a fully mechanised process, so the applicable value addition norm was 2.05% rather than 3.5%. On that basis, the exporter was eligible to procure duty-free gold and the customs duty demand on the nominated agency failed. The Tribunal also held that the extended limitation period was unavailable because the shipping bills and provisional invoices disclosed the relevant particulars, including value addition, weights and rate, so suppression of facts and intent to evade duty were not proved. Penalties on the nominated agency, exporter and partner were set aside, including because the job worker's statement could not be relied on without cross-examination.
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