International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Interim suspension of the operation of Customs Broker's License - As the respondents could able to establish factually that the offence report was communicated to the License Issuing Authority on 01.07.2016, the action initiated by issuing interim suspension order and show cause notice dated 28.09.2016 are well within the period of limitation as contemplated under the Regulations and there is no infirmity as such - However, the interim order of suspension issued need not be given effect to as the petitioner is operating continuously for about 4 ½ years, after the issuance of interim suspension order. - HC
Interim suspension of the operation of Customs Broker's License - As the respondents could able to establish factually that the offence report was communicated to the License Issuing Authority on 01.07.2016, the action initiated by issuing interim suspension order and show cause notice dated 28.09.2016 are well within the period of limitation as contemplated under the Regulations and there is no infirmity as such - However, the interim order of suspension issued need not be given effect to as the petitioner is operating continuously for about 4 ½ years, after the issuance of interim suspension order. - HC
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