Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Customs valuation must consider contemporaneous import values and adopt the lowest comparable transaction value under Rule 5(3) of the Customs Valuation Rules, 2007. The notes state that reliance on a later-period import value, without addressing comparable imports close to the declared price or complying with remand directions, cannot support enhancement of declared value. They further explain that where the undervaluation finding and differential-duty demand fail, consequential confiscation, redemption fine and penalties, including penalties on co-noticee partners absent independent grounds, cannot be sustained.
Customs valuation must consider contemporaneous import values and adopt the lowest comparable transaction value under Rule 5(3) of the Customs Valuation Rules, 2007. The notes state that reliance on a later-period import value, without addressing comparable imports close to the declared price or complying with remand directions, cannot support enhancement of declared value. They further explain that where the undervaluation finding and differential-duty demand fail, consequential confiscation, redemption fine and penalties, including penalties on co-noticee partners absent independent grounds, cannot be sustained.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
