Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Late filing fees for supplementary Bills of Entry relating to excess bulk cargo should not be imposed mechanically where the original declarations were timely, the supplementary filing resulted from excess quantity identified through joint survey, and the variation arose from inherent measurement or moisture differences. The relevant considerations include absence of suppression, misdeclaration, undervaluation, duty evasion, deliberate delay, or mala fides, together with payment of duty on the additional quantity upon assessment. The legal notes indicate that the proper officer should assess whether sufficient cause explains the delayed supplementary declaration and apply the established Tribunal approach consistently.
Late filing fees for supplementary Bills of Entry relating to excess bulk cargo should not be imposed mechanically where the original declarations were timely, the supplementary filing resulted from excess quantity identified through joint survey, and the variation arose from inherent measurement or moisture differences. The relevant considerations include absence of suppression, misdeclaration, undervaluation, duty evasion, deliberate delay, or mala fides, together with payment of duty on the additional quantity upon assessment. The legal notes indicate that the proper officer should assess whether sufficient cause explains the delayed supplementary declaration and apply the established Tribunal approach consistently.
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