Foundational assessment satisfaction is essential before initiating penalty for cash receipt of immovable-property sale consideration under section 27...
Tax collection at source on purchases removes duplicate withholding obligation, while trade-creditor evidence requires verification before unexplained...
Transfer-pricing comparability requires material turnover effects; adjustments must cover only associated-enterprise transactions and exclude abnormal...
Customs duty exemptions apply according to the notification in force when Bills of Entry are filed. Carbon Less Paper Black Image classifiable under CTH 48099000 was not covered after Notification No. 46/2011-Cus. ceased to operate, while Notification No. 127/2011-Cus. extended the effective rate only to CTH 470790. Notification No. 35/2013-Cus. took effect prospectively upon Gazette publication and did not restore concessional duty for earlier imports; the exemption claim therefore failed. Claiming exemption under a superseded notification supported invocation of the extended limitation period for duty recovery, as importers are presumed to know applicable amendments.
Customs duty exemptions apply according to the notification in force when Bills of Entry are filed. Carbon Less Paper Black Image classifiable under CTH 48099000 was not covered after Notification No. 46/2011-Cus. ceased to operate, while Notification No. 127/2011-Cus. extended the effective rate only to CTH 470790. Notification No. 35/2013-Cus. took effect prospectively upon Gazette publication and did not restore concessional duty for earlier imports; the exemption claim therefore failed. Claiming exemption under a superseded notification supported invocation of the extended limitation period for duty recovery, as importers are presumed to know applicable amendments.
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