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    Best judgment assessment must be based on fair estimation; arbitrary profit rate rejected and income recomputed at 7 per cent.
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Import of insecticide for non-insecticidal purpose - Requirement...

Import Permit Needed for Non-Insecticidal Insecticide Use; Guidelines Suggested for Artificially Ripened Produce Labeling.

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Customs November 7, 2022 Case Laws HC
Import of insecticide for non-insecticidal purpose - Requirement to obtain an import permit - Once an import permit is issued by respondent no.3/CIB&RC, the petitioners will be at liberty to approach the customs authorities. The custom authorities, as alluded to above, will, thereafter, act as per law - respondent no.4/FSSAI is directed to consider framing a regime whereby fruits and/or vegetables which are ripened artificially with the use of ethylene gas, which in turn is produced through use of ethephon powder, as in this case, or other artificial ripeners should have the necessary indication placed on it. - HC

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Acts Income Tax