Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Quick lime is classified under the specific tariff entry covering quicklime, slaked lime and hydraulic lime, not under the more general chemical heading for separate chemically defined compounds. The Tribunal noted that the two headings operate in mutually exclusive fields and applied GIR 1 to classify the imported goods as quick lime, holding GIR 3 inapplicable where the goods were not a mixture or combined material. On that basis, the proposed reclassification and demand were rejected and the appeal was allowed.
Quick lime is classified under the specific tariff entry covering quicklime, slaked lime and hydraulic lime, not under the more general chemical heading for separate chemically defined compounds. The Tribunal noted that the two headings operate in mutually exclusive fields and applied GIR 1 to classify the imported goods as quick lime, holding GIR 3 inapplicable where the goods were not a mixture or combined material. On that basis, the proposed reclassification and demand were rejected and the appeal was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
