Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
Interest on delayed customs-duty refunds is payable where reassessment and refund claims remained pending, with the grant linked to principles of natural justice. Refunds of differential duty deposited during investigation may attract interest at 12 per cent per annum when jurisdictional High Court precedent, following the Sandvik Asia principle, applies. The applicable interest period remains limited to the period already allowed where it was not challenged by the Revenue; the claimant cannot seek to enlarge that period. Interest was accordingly enhanced from 6 per cent to 12 per cent for the unchanged three-month period commencing 30 January 2009 until refund, and the Revenue challenge was rejected.
Interest on delayed customs-duty refunds is payable where reassessment and refund claims remained pending, with the grant linked to principles of natural justice. Refunds of differential duty deposited during investigation may attract interest at 12 per cent per annum when jurisdictional High Court precedent, following the Sandvik Asia principle, applies. The applicable interest period remains limited to the period already allowed where it was not challenged by the Revenue; the claimant cannot seek to enlarge that period. Interest was accordingly enhanced from 6 per cent to 12 per cent for the unchanged three-month period commencing 30 January 2009 until refund, and the Revenue challenge was rejected.
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