Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Classification of goods - ball point pen ink - The Tribunal found that the Central Excise Tariff entries for ball point pen ink are not aligned with the Harmonized System of Nomenclature (HSN), which divides inks into "printing ink" and "others". Given the misalignment, reliance on HSN for classification under Central Excise Tariff is incorrect. Ball point pen ink, being used for writing, correctly falls under Sub-heading 3215.10, attracting a nil rate of duty.
Classification of goods - ball point pen ink - The Tribunal found that the Central Excise Tariff entries for ball point pen ink are not aligned with the Harmonized System of Nomenclature (HSN), which divides inks into "printing ink" and "others". Given the misalignment, reliance on HSN for classification under Central Excise Tariff is incorrect. Ball point pen ink, being used for writing, correctly falls under Sub-heading 3215.10, attracting a nil rate of duty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
