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...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Page of 4786
Press 'Enter' after typing page number.
581 to 600 of 95715 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
For customs valuation, the amended transaction-value regime requires acceptance of the price actually paid or payable in the particular import transaction where buyer and seller are unrelated and price is the sole consideration. Where the original consignee defaulted without payment, bill of entry, title, or delivery, its initial contract did not establish the relevant sale value. The subsequent importer's renegotiated price paid to the overseas supplier was treated as transaction value because no relationship, additional consideration, or excess payment was alleged. Earlier deemed-value rulings under the pre-amendment regime were inapplicable. The majority view sustained the declared value and dismissed Revenue's appeal.
For customs valuation, the amended transaction-value regime requires acceptance of the price actually paid or payable in the particular import transaction where buyer and seller are unrelated and price is the sole consideration. Where the original consignee defaulted without payment, bill of entry, title, or delivery, its initial contract did not establish the relevant sale value. The subsequent importer's renegotiated price paid to the overseas supplier was treated as transaction value because no relationship, additional consideration, or excess payment was alleged. Earlier deemed-value rulings under the pre-amendment regime were inapplicable. The majority view sustained the declared value and dismissed Revenue's appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
