Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
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Advance ruling was barred for roasted areca nuts because their classification had already been upheld by the High Court and no new facts were presented; the application was therefore disallowed without a merits ruling. Roasted walnuts subjected to severe heat treatment were distinguished from dried nuts, as roasting materially changes moisture, colour, appearance and flavour. Because Chapter 8 does not contemplate roasting, the walnuts fall under Heading 2008 and are classified as other roasted nuts and seeds under CTI 2008 19 91. Preferential customs duty is available only where the importer proves origin to the competent customs officer under the applicable origin rules and the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020.
Advance ruling was barred for roasted areca nuts because their classification had already been upheld by the High Court and no new facts were presented; the application was therefore disallowed without a merits ruling. Roasted walnuts subjected to severe heat treatment were distinguished from dried nuts, as roasting materially changes moisture, colour, appearance and flavour. Because Chapter 8 does not contemplate roasting, the walnuts fall under Heading 2008 and are classified as other roasted nuts and seeds under CTI 2008 19 91. Preferential customs duty is available only where the importer proves origin to the competent customs officer under the applicable origin rules and the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020.
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