Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
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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