Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Confiscation of goods and levy of penalty - Import of Pair of Shoes - mis-declaration/suppression in the import documents - Non-compliance of the provisions of the IPR Rules, 2007 - The CESTAT found the goods to be counterfeit, bearing the logo "UCB" without the right holder's consent, categorizing them as "prohibited goods" under the Customs Act. The appellant's challenge based on the procedure under Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007, was dismissed, upholding the confiscation under Section 111(d) and the penalty under Section 112(a)(i).
Confiscation of goods and levy of penalty - Import of Pair of Shoes - mis-declaration/suppression in the import documents - Non-compliance of the provisions of the IPR Rules, 2007 - The CESTAT found the goods to be counterfeit, bearing the logo "UCB" without the right holder's consent, categorizing them as "prohibited goods" under the Customs Act. The appellant's challenge based on the procedure under Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007, was dismissed, upholding the confiscation under Section 111(d) and the penalty under Section 112(a)(i).
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