Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Late filing charges on a supplementary Bill of Entry are described as arising under Section 46(3) only where delayed presentation lacks sufficient cause. Where the original Bill of Entry for manifested bulk cargo was timely filed and a supplementary filing followed detection and clearance permission for marginal excess cargo, moisture-related weight variation may support treating the excess as part of the original consignment. The text states that late fees should not be imposed mechanically absent importer fault, mala fides or deliberate delay, and require judicious consideration of sufficient cause. It reports that the levy was set aside.
Late filing charges on a supplementary Bill of Entry are described as arising under Section 46(3) only where delayed presentation lacks sufficient cause. Where the original Bill of Entry for manifested bulk cargo was timely filed and a supplementary filing followed detection and clearance permission for marginal excess cargo, moisture-related weight variation may support treating the excess as part of the original consignment. The text states that late fees should not be imposed mechanically absent importer fault, mala fides or deliberate delay, and require judicious consideration of sufficient cause. It reports that the levy was set aside.
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