Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
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...
Foreign-origin gold seized under a reasonable belief of smuggling is subject to a statutory burden of proof requiring the claimant-owner to establish lawful import. Foreign markings, unsupported purchase documents and failure to correlate those documents with the seized bars may establish that this burden remains undischarged, rendering the gold liable to confiscation. Confiscation may be accompanied by redemption on payment of the adjudged fine. A person who knowingly handles, transports or possesses goods known or reasonably believed to be liable to confiscation may incur penalty. Handling and possession of gold found liable to confiscation can therefore support both confiscation-related consequences and a statutory penalty.
Foreign-origin gold seized under a reasonable belief of smuggling is subject to a statutory burden of proof requiring the claimant-owner to establish lawful import. Foreign markings, unsupported purchase documents and failure to correlate those documents with the seized bars may establish that this burden remains undischarged, rendering the gold liable to confiscation. Confiscation may be accompanied by redemption on payment of the adjudged fine. A person who knowingly handles, transports or possesses goods known or reasonably believed to be liable to confiscation may incur penalty. Handling and possession of gold found liable to confiscation can therefore support both confiscation-related consequences and a statutory penalty.
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