Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Imported goods found in excess of the declared quantity may not justify confiscation or penalty where the supplier's invoice and packing list support the declaration and no evidence shows that the importer ordered or deliberately suppressed the excess goods. Valuation enhancement should rest on a specified Customs Valuation Rules, 2007 basis or identifiable contemporaneous data for identical goods. Redemption fine requires determination of market price and margin of profit; without those findings, the fine is not sustainable. The notes also indicate that penalty for misdeclaration requires established evidence of misdeclaration.
Imported goods found in excess of the declared quantity may not justify confiscation or penalty where the supplier's invoice and packing list support the declaration and no evidence shows that the importer ordered or deliberately suppressed the excess goods. Valuation enhancement should rest on a specified Customs Valuation Rules, 2007 basis or identifiable contemporaneous data for identical goods. Redemption fine requires determination of market price and margin of profit; without those findings, the fine is not sustainable. The notes also indicate that penalty for misdeclaration requires established evidence of misdeclaration.
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