Bogus-purchase additions are limited to embedded profit where corresponding sales are accepted, while accommodation-entry information can support reas...
Provisional attachment fails without material showing likely concealment, transfer, or dealing that could frustrate confiscation of mortgaged property...
Works-contract goods transfers remain outside service tax, while qualifying lift irrigation works receive exemption and extended limitation cannot app...
Rule 12 permits rejection of declared customs value only where there is reason to doubt its truth or accuracy, the importer has an opportunity to explain the price, and valuation follows the prescribed method, including contemporaneous import values where relevant. Unsupported intelligence and recovered documents did not establish undervaluation, rendering redetermination and differential duty unsustainable. Electronic data, messages, emails and invoices required statutory certification and reliable authentication; unauthenticated material could not prove undervaluation. Each IEC holder filing its own bill of entry remained the importer liable for duty, preventing recovery from an alleged proxy importer. Goods unavailable for confiscation could not attract confiscation or redemption fine.
Rule 12 permits rejection of declared customs value only where there is reason to doubt its truth or accuracy, the importer has an opportunity to explain the price, and valuation follows the prescribed method, including contemporaneous import values where relevant. Unsupported intelligence and recovered documents did not establish undervaluation, rendering redetermination and differential duty unsustainable. Electronic data, messages, emails and invoices required statutory certification and reliable authentication; unauthenticated material could not prove undervaluation. Each IEC holder filing its own bill of entry remained the importer liable for duty, preventing recovery from an alleged proxy importer. Goods unavailable for confiscation could not attract confiscation or redemption fine.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
