Mandatory verification procedure governs rejection of country-of-origin certificates before denying preferential customs exemption and related penalti...
Page of 4792
Press 'Enter' after typing page number.
1461 to 1480 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" ?
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 exclusions do not extend to cases involving confiscation or redemption fine. Redemption fine imposed in lieu of confiscation forms part of the amount recoverable under the applicable indirect tax law and cannot be separated from the duty demand for Scheme eligibility. A departmental communication treating redemption fine as excluded was inconsistent with the statutory Scheme. Accordingly, inclusion of redemption fine in an SVLDR-1 declaration does not by itself make the declarant ineligible; a rejected declaration must be treated as eligible and considered on merits in accordance with law.
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 exclusions do not extend to cases involving confiscation or redemption fine. Redemption fine imposed in lieu of confiscation forms part of the amount recoverable under the applicable indirect tax law and cannot be separated from the duty demand for Scheme eligibility. A departmental communication treating redemption fine as excluded was inconsistent with the statutory Scheme. Accordingly, inclusion of redemption fine in an SVLDR-1 declaration does not by itself make the declarant ineligible; a rejected declaration must be treated as eligible and considered on merits in accordance with law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
