Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Notification No. 24/2005-Cus. requires a direct nexus between the imported goods and manufacture of the specified final products for exemption under Sl. No. 39. Read harmoniously, the entry covers consumables, raw materials, components and inputs consumed in or incorporated into final products; it does not extend to capital goods, machinery, accessories or replacement spares used to maintain production equipment. Separate notification entries and the EPCG scheme address capital goods. Decisions under differently worded notifications or schemes do not govern this interpretation. Accordingly, spare parts for capital goods used to manufacture printed circuit boards are not eligible for the claimed basic customs duty exemption.
Notification No. 24/2005-Cus. requires a direct nexus between the imported goods and manufacture of the specified final products for exemption under Sl. No. 39. Read harmoniously, the entry covers consumables, raw materials, components and inputs consumed in or incorporated into final products; it does not extend to capital goods, machinery, accessories or replacement spares used to maintain production equipment. Separate notification entries and the EPCG scheme address capital goods. Decisions under differently worded notifications or schemes do not govern this interpretation. Accordingly, spare parts for capital goods used to manufacture printed circuit boards are not eligible for the claimed basic customs duty exemption.
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