Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Refund claim for the amount of CVD paid - time limitation - Duty was paid under protest or not - The appellant, an importer of silk yarn and silk fabrics, filed a refund claim for CVD paid under protest. The claim was rejected on merits without considering the aspect of finalization of assessment where duty was paid under protest. The Tribunal directed the department to reevaluate the protest lodged by the importer and complete the assessment process within four months, after which the refund claim would be considered.
Refund claim for the amount of CVD paid - time limitation - Duty was paid under protest or not - The appellant, an importer of silk yarn and silk fabrics, filed a refund claim for CVD paid under protest. The claim was rejected on merits without considering the aspect of finalization of assessment where duty was paid under protest. The Tribunal directed the department to reevaluate the protest lodged by the importer and complete the assessment process within four months, after which the refund claim would be considered.
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