Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
