GST payment representations require record-based, reasoned decisions while substantive entitlement remains open for determination by competent authori...
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...
Departmental custody of seized laboratory registers, test reports and backup records precludes an adverse inference against an importer for not producing that material to classify fish meal as finished goods. Earlier examination of laboratory reports and BIS specifications had dropped proceedings concerning the same product. Customs valuation must follow the sequential framework: available contemporaneous comparable imports require identification, comparison and reasoned rejection before residual valuation may be used. Small quantities alone did not justify bypassing comparable-goods methods, and no evidence established consideration beyond invoice value. The classification and re-determined valuation were unsustainable, so the duty demand, interest, fine and penalties were set aside with consequential relief.
Departmental custody of seized laboratory registers, test reports and backup records precludes an adverse inference against an importer for not producing that material to classify fish meal as finished goods. Earlier examination of laboratory reports and BIS specifications had dropped proceedings concerning the same product. Customs valuation must follow the sequential framework: available contemporaneous comparable imports require identification, comparison and reasoned rejection before residual valuation may be used. Small quantities alone did not justify bypassing comparable-goods methods, and no evidence established consideration beyond invoice value. The classification and re-determined valuation were unsustainable, so the duty demand, interest, fine and penalties were set aside with consequential relief.
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