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...
Adjustment of Penalties from Refund amount - After an appellate order allowed redemption of the seized currency upon payment of fines and penalties, the appellant filed a refund claim for the amounts paid. - The case involved the illegal smuggling of foreign currency, confiscation, and penalty imposition by the original authority, followed by appeals and refund claims. - The original authority deducted penalties imposed on co-noticees from the refund amount sanctioned to the appellant. - The Appellate Tribunal found that the deductions made from the appellant's refund amount were not justified. Section 142 of the Customs Act does not allow recovery of personal penalties from a refund. - Relying on legal precedents, the Tribunal concluded that personal penalties cannot be recovered from a refund granted to the appellant.
Adjustment of Penalties from Refund amount - After an appellate order allowed redemption of the seized currency upon payment of fines and penalties, the appellant filed a refund claim for the amounts paid. - The case involved the illegal smuggling of foreign currency, confiscation, and penalty imposition by the original authority, followed by appeals and refund claims. - The original authority deducted penalties imposed on co-noticees from the refund amount sanctioned to the appellant. - The Appellate Tribunal found that the deductions made from the appellant's refund amount were not justified. Section 142 of the Customs Act does not allow recovery of personal penalties from a refund. - Relying on legal precedents, the Tribunal concluded that personal penalties cannot be recovered from a refund granted to the appellant.
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