Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
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A CESTAT decision states that an importer's letter foregoing SAFTA preferential duty, given while goods were detained and demurrage accrued, was not a voluntary relinquishment under section 28DA(4) and did not bar challenge to reassessment. It further states that a valid, undisputed Bangladesh certificate of origin established entitlement to concessional duty where the prescribed SAFTA verification procedure was not invoked. As no physical mismatch, misdeclaration or fraud was found, the decision records that the differential duty demand, confiscation, redemption fine and penalty were set aside with consequential relief.
A CESTAT decision states that an importer's letter foregoing SAFTA preferential duty, given while goods were detained and demurrage accrued, was not a voluntary relinquishment under section 28DA(4) and did not bar challenge to reassessment. It further states that a valid, undisputed Bangladesh certificate of origin established entitlement to concessional duty where the prescribed SAFTA verification procedure was not invoked. As no physical mismatch, misdeclaration or fraud was found, the decision records that the differential duty demand, confiscation, redemption fine and penalty were set aside with consequential relief.
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