Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Non-declared gold ornaments carried as baggage may remain liable to confiscation, but confiscability is distinct from the discretion to permit redemption on payment of fine. The note states that this discretion depends on the nature of the breach, passenger conduct and surrounding circumstances, including whether the goods are finished personal ornaments and whether carriage indicates organised smuggling. It distinguishes cases involving commercial quantities of primary gold. It also identifies absence of prior involvement, organised activity or carriage for another person as factors supporting a proportionate reduction in penalty.
Non-declared gold ornaments carried as baggage may remain liable to confiscation, but confiscability is distinct from the discretion to permit redemption on payment of fine. The note states that this discretion depends on the nature of the breach, passenger conduct and surrounding circumstances, including whether the goods are finished personal ornaments and whether carriage indicates organised smuggling. It distinguishes cases involving commercial quantities of primary gold. It also identifies absence of prior involvement, organised activity or carriage for another person as factors supporting a proportionate reduction in penalty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
