Transfer pricing method selection favours TNMM where medical-equipment distribution involves substantial post-import value addition and operational ri...
Post-export shipping bill conversion remains available where contemporaneous evidence supports EPCG benefits despite curable procedural omissions and ...
Classification of JAC OLIVOL BODY OIL - classifiable under HSN 3004 as a medicament Or under HSN 3304 (cosmetic) - The AAAR’s split decision illustrates the complexity of classifying products that straddle the line between medicaments and cosmetics. It highlights the challenges in applying the common parlance test and ingredient test to products with dual purposes. - The absence of a conclusive ruling from the AAAR means that the original ARA ruling stands, leaving room for further legal debate and potential legislative clarification on the matter.
Classification of JAC OLIVOL BODY OIL - classifiable under HSN 3004 as a medicament Or under HSN 3304 (cosmetic) - The AAAR’s split decision illustrates the complexity of classifying products that straddle the line between medicaments and cosmetics. It highlights the challenges in applying the common parlance test and ingredient test to products with dual purposes. - The absence of a conclusive ruling from the AAAR means that the original ARA ruling stands, leaving room for further legal debate and potential legislative clarification on the matter.
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