Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Liability to pay interest on the goods cleared to their sister unit in terms of proviso to Rule 9 read with Rule 8 of the Valuation Rules, 2000 - The appellant calculated the cost of production based on annual cost audit reports and compared it with CAS-4 certificates to pay differential duty. They also raised supplementary invoices for duty differences.The department demanded interest on the differential duty paid by the appellant, threatening coercive measures. - The appellant's method of duty payment, based on cost audit reports and CAS-4 certificates, was deemed compliant with the law. The Tribunal ruled that interest is not payable in revenue-neutral situations and set aside the department's demand for interest.
Liability to pay interest on the goods cleared to their sister unit in terms of proviso to Rule 9 read with Rule 8 of the Valuation Rules, 2000 - The appellant calculated the cost of production based on annual cost audit reports and compared it with CAS-4 certificates to pay differential duty. They also raised supplementary invoices for duty differences.The department demanded interest on the differential duty paid by the appellant, threatening coercive measures. - The appellant's method of duty payment, based on cost audit reports and CAS-4 certificates, was deemed compliant with the law. The Tribunal ruled that interest is not payable in revenue-neutral situations and set aside the department's demand for interest.
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