Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
Fake AI-generated precedents vitiate adjudication, with unverified citations contaminating the decision-making process and undermining the rule of law...
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.
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