Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Preferential tariff treatment based on Certificates of Origin requires prescribed, time-bound verification of the specific certificates presented and communication of the grounds for doubt. Verification concerning different certificates, general information about a supplier, or assumptions about the goods' origin does not displace documentary certificates. Retracted statements require independent corroboration and appropriate examination and cross-examination before reliance; an admission is not invariably conclusive. On these principles, denial of the preferential duty exemption, consequential duty demand, confiscation, redemption fine and penalties could not be sustained where the specific Certificates of Origin were neither statutorily verified nor rebutted by reliable corroborative evidence.
Preferential tariff treatment based on Certificates of Origin requires prescribed, time-bound verification of the specific certificates presented and communication of the grounds for doubt. Verification concerning different certificates, general information about a supplier, or assumptions about the goods' origin does not displace documentary certificates. Retracted statements require independent corroboration and appropriate examination and cross-examination before reliance; an admission is not invariably conclusive. On these principles, denial of the preferential duty exemption, consequential duty demand, confiscation, redemption fine and penalties could not be sustained where the specific Certificates of Origin were neither statutorily verified nor rebutted by reliable corroborative evidence.
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