Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Classification of imported goods - Battery Fuse Units (BFU) - The tribunal examined whether the BFU should be classified under Chapter Heading 8529 as parts of Base Transmission Station (BTS) or Chapter Heading 8536 as 'Automatic Circuit Breakers.' After reviewing technical literature and customs tariff headings, they concluded that the BFU's functions align more with automatic circuit breakers, leading to classification under Chapter Heading 8536. Consequently, the tribunal ruled that the BFU does not qualify for exemption under Notification No.25/2005-Cus, as it does not meet the criteria as a part of the transmission apparatus specified in the notification.
Classification of imported goods - Battery Fuse Units (BFU) - The tribunal examined whether the BFU should be classified under Chapter Heading 8529 as parts of Base Transmission Station (BTS) or Chapter Heading 8536 as 'Automatic Circuit Breakers.' After reviewing technical literature and customs tariff headings, they concluded that the BFU's functions align more with automatic circuit breakers, leading to classification under Chapter Heading 8536. Consequently, the tribunal ruled that the BFU does not qualify for exemption under Notification No.25/2005-Cus, as it does not meet the criteria as a part of the transmission apparatus specified in the notification.
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