Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Customs Cargo Service Provider (CCSP) - Suspension of their CCSP approval and imposing a penalty - Demand of value of pilfered goods - custodian of Speedy CFS - Cigarette sticks were found stolen / Pilfered from the safe custody - The CESTAT held that the suspension, subject to facilitating existing consignments, is valid under Handling of Cargo in Customs Areas Regulations (HCCAR), 2019. However, the specific suspension period had expired, making the order non-implementable. - The appellant violated obligations under Regulations 5(1)(i)(n), 6(1)(f), and 6(1)(i) of HCCAR, justifying the penalty under Regulation 12(8) and Section 117 of the Customs Act, 1962.
Customs Cargo Service Provider (CCSP) - Suspension of their CCSP approval and imposing a penalty - Demand of value of pilfered goods - custodian of Speedy CFS - Cigarette sticks were found stolen / Pilfered from the safe custody - The CESTAT held that the suspension, subject to facilitating existing consignments, is valid under Handling of Cargo in Customs Areas Regulations (HCCAR), 2019. However, the specific suspension period had expired, making the order non-implementable. - The appellant violated obligations under Regulations 5(1)(i)(n), 6(1)(f), and 6(1)(i) of HCCAR, justifying the penalty under Regulation 12(8) and Section 117 of the Customs Act, 1962.
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