Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Claim of duty drawback, refund of IGST and state levies - Valuation of export goods - The Tribunal's decision underscores the importance of adhering to the legal provisions and procedures for valuation of export goods, particularly emphasizing the primary basis of transaction value for valuation, and the necessity for Customs authorities to quickly undertake necessary actions like tests or inquiries to minimize detention of goods. The decision also reflects the principle that penal liability for overvaluation cannot be fastened on exporters in the absence of substantial evidence or proper application of valuation rules. - AT
Claim of duty drawback, refund of IGST and state levies - Valuation of export goods - The Tribunal's decision underscores the importance of adhering to the legal provisions and procedures for valuation of export goods, particularly emphasizing the primary basis of transaction value for valuation, and the necessity for Customs authorities to quickly undertake necessary actions like tests or inquiries to minimize detention of goods. The decision also reflects the principle that penal liability for overvaluation cannot be fastened on exporters in the absence of substantial evidence or proper application of valuation rules. - AT
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