Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Clause 43.2 requires contract-price adjustment where taxes, duties or levies change during contract execution and the change is not already reflected in the price. Accordingly, GST introduced during subsisting works contracts shifted the additional tax burden to the employer, supported by the contractual terms and the applicable Government Order, and the tax component was directed to be reimbursed. Retention amounts could not be withheld merely because audit objections remained pending; they were to be refunded with commercial-rate interest unless appropriation was otherwise justified. Claims for price escalation or adjustment involving disputed facts were not determined in writ proceedings and were left to the contractual dispute-resolution mechanism and other remedies.
Clause 43.2 requires contract-price adjustment where taxes, duties or levies change during contract execution and the change is not already reflected in the price. Accordingly, GST introduced during subsisting works contracts shifted the additional tax burden to the employer, supported by the contractual terms and the applicable Government Order, and the tax component was directed to be reimbursed. Retention amounts could not be withheld merely because audit objections remained pending; they were to be refunded with commercial-rate interest unless appropriation was otherwise justified. Claims for price escalation or adjustment involving disputed facts were not determined in writ proceedings and were left to the contractual dispute-resolution mechanism and other remedies.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4793
Join Channel
TaxTMI 
