Reassessment sanction under extended limitation required approval from the competent specified authority, invalidating proceedings approved by an inco...
Internal CUP benchmarking for fixed-rate Masala Bonds prevails over floating external comparables, eliminating the related transfer-pricing adjustment...
Jurisdictional validity of revision notices: incorrect official capacity and mere change of opinion invalidate revision of property income assessments...
Prospective customs notification amendments cannot bar provisional release consideration for earlier imports when bills of lading predate their commencement.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Customs exemption-notification amendments operate prospectively unless they expressly provide otherwise. Where bills of lading predate an amendment's commencement, that amendment cannot govern the imports or justify refusing to consider provisional release of highly specialised equipment. Provisional release must instead be considered under the Customs Act, with lawful conditions imposed where necessary. Goods may be released upon compliance with those conditions, while adjudication on the merits continues.
Customs exemption-notification amendments operate prospectively unless they expressly provide otherwise. Where bills of lading predate an amendment's commencement, that amendment cannot govern the imports or justify refusing to consider provisional release of highly specialised equipment. Provisional release must instead be considered under the Customs Act, with lawful conditions imposed where necessary. Goods may be released upon compliance with those conditions, while adjudication on the merits continues.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4883 
