Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Page of 4792
Press 'Enter' after typing page number.
121 to 140 of 95833 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Additional customs duty exemption for textile materials is confined to goods listed in the First Schedule to the Additional Duties of Excise (Goods of Special Importance) Act, 1957. Textile headings omitted from that Schedule by the Finance Act, 2011 no longer meet the notification condition, requiring strict construction of the exemption. The text also addresses extended limitation: where assessed ex-bond Bills of Entry disclosed the goods, classification, duties and claimed exemptions, an incorrect exemption claim alone does not establish suppression or deliberate misstatement intended to evade duty. Consequently, demands may be restricted to the normal period, with penalty not sustainable absent the required intent.
Additional customs duty exemption for textile materials is confined to goods listed in the First Schedule to the Additional Duties of Excise (Goods of Special Importance) Act, 1957. Textile headings omitted from that Schedule by the Finance Act, 2011 no longer meet the notification condition, requiring strict construction of the exemption. The text also addresses extended limitation: where assessed ex-bond Bills of Entry disclosed the goods, classification, duties and claimed exemptions, an incorrect exemption claim alone does not establish suppression or deliberate misstatement intended to evade duty. Consequently, demands may be restricted to the normal period, with penalty not sustainable absent the required intent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
