Equivalent-value attachment survives prior release and environmental compensation where deposits may represent proceeds from alleged illegal mining ac...
Withdrawal of obsolete FEMA circulars streamlines rules on external commercial borrowings, non-resident bond investments, and money transfer sub-agent...
Written acceptance of customs reassessment may dispense with a speaking order but does not waive the statutory right to appeal. Declared transaction value cannot be rejected without complying with the Customs Act and Customs Valuation Rules: the importer must receive written grounds for doubting the declared value, and any redetermination must follow the prescribed sequential valuation method. Payment of enhanced duty under protest and undisclosed comparable-import data do not establish unconditional acceptance of enhanced value. Orders-in-Appeal rejecting valuation challenges solely because of acceptance letters were set aside, with consequential relief according to law.
Written acceptance of customs reassessment may dispense with a speaking order but does not waive the statutory right to appeal. Declared transaction value cannot be rejected without complying with the Customs Act and Customs Valuation Rules: the importer must receive written grounds for doubting the declared value, and any redetermination must follow the prescribed sequential valuation method. Payment of enhanced duty under protest and undisclosed comparable-import data do not establish unconditional acceptance of enhanced value. Orders-in-Appeal rejecting valuation challenges solely because of acceptance letters were set aside, with consequential relief according to law.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4883 
