Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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Related-party customs valuation is addressed through rejection of the declared transaction value where undisclosed funding discounts and dual invoicing created reasonable doubt. The notes state that value should then be redetermined sequentially using deductive-value principles, flexibly applied through residual valuation, with the local list price treated as deemed resale price where contemporaneous sales data is unavailable. Only normal, known and uniformly available discounts may be deducted; warranty costs are not post-import expenses, while customs duty, brokerage and fees are deductible. International freight and insurance cannot be added again. CLCP cannot replace declared MRP for additional-duty assessment. The discussion also confines interest and equivalent penalty to basic customs duty, while denying special additional duty exemption and sustaining extended limitation for nondisclosure.
Related-party customs valuation is addressed through rejection of the declared transaction value where undisclosed funding discounts and dual invoicing created reasonable doubt. The notes state that value should then be redetermined sequentially using deductive-value principles, flexibly applied through residual valuation, with the local list price treated as deemed resale price where contemporaneous sales data is unavailable. Only normal, known and uniformly available discounts may be deducted; warranty costs are not post-import expenses, while customs duty, brokerage and fees are deductible. International freight and insurance cannot be added again. CLCP cannot replace declared MRP for additional-duty assessment. The discussion also confines interest and equivalent penalty to basic customs duty, while denying special additional duty exemption and sustaining extended limitation for nondisclosure.
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