Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
An authorised courier was not liable for regulatory action or penalty for abetment of smuggling where no evidence established its involvement in, or knowledge of, gold concealed in consignment cartons. The concealment was detectable only by X-ray examination upon arrival, while the courier acted bona fide and exercised due diligence. Proceedings for penalty relating to the contraband had also been dropped. The Tribunal sustained the order dropping proceedings against the courier and dismissed the Revenue's appeal.
An authorised courier was not liable for regulatory action or penalty for abetment of smuggling where no evidence established its involvement in, or knowledge of, gold concealed in consignment cartons. The concealment was detectable only by X-ray examination upon arrival, while the courier acted bona fide and exercised due diligence. Proceedings for penalty relating to the contraband had also been dropped. The Tribunal sustained the order dropping proceedings against the courier and dismissed the Revenue's appeal.
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