Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
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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