Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Revenue-neutral domestic transfer pricing and mirror transactions justified deletion of related-party adjustments for operation, maintenance and port ...
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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