Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Concessional basic customs duty for electrically operated vehicle knocked-down kits required, under the pre-amendment exemption entry, all necessary components, parts and sub-assemblies to assemble a complete electric motorcycle. Although the imported electric scooter kits were classifiable under tariff heading 8711 based on essential character, they lacked tyres, batteries and chargers and did not meet that requirement. The later amendment, which extended the concession to incomplete or unfinished vehicles and allowed one or more components to be absent, applied prospectively only. Accordingly, the article records that the concessional duty claim was denied and the impugned order was upheld.
Concessional basic customs duty for electrically operated vehicle knocked-down kits required, under the pre-amendment exemption entry, all necessary components, parts and sub-assemblies to assemble a complete electric motorcycle. Although the imported electric scooter kits were classifiable under tariff heading 8711 based on essential character, they lacked tyres, batteries and chargers and did not meet that requirement. The later amendment, which extended the concession to incomplete or unfinished vehicles and allowed one or more components to be absent, applied prospectively only. Accordingly, the article records that the concessional duty claim was denied and the impugned order was upheld.
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