Writ relief against show cause notices is available where jurisdiction is absent and concluded advance rulings cannot be reopened without fresh fraud ...
Section 80P business attribution: ITAT allows deduction on investment interest and ancillary receipts, but excludes staff-loan and other non-eligible ...
Customs valuation principles discussed in the text treat downloaded DCM software licences as part of the assessable value of imported HASP hardware locks where the locks cannot be activated or used without the corresponding software. The hardware and software were obtained from the same supplier, the software was specific to each lock, and payments were separately made; these features are presented as supporting treatment of both components as a single imported product for valuation. The text further states that non-disclosure of the software value can justify extended limitation where the importer knew the product's nature and notified an authority not competent to receive the information. It records confirmation of differential duty and penalty.
Customs valuation principles discussed in the text treat downloaded DCM software licences as part of the assessable value of imported HASP hardware locks where the locks cannot be activated or used without the corresponding software. The hardware and software were obtained from the same supplier, the software was specific to each lock, and payments were separately made; these features are presented as supporting treatment of both components as a single imported product for valuation. The text further states that non-disclosure of the software value can justify extended limitation where the importer knew the product's nature and notified an authority not competent to receive the information. It records confirmation of differential duty and penalty.
Note: It is a system-generated summary and is for quick reference only.
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