Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Warehousing of imported Goods without payment of duty - The Tribunal concluded that the appellant complied with all legal provisions for the importation and warehousing of goods under the Customs Act, 1962. The Tribunal found no basis for the demand for customs duty on raw materials used in manufacturing, which were imported and stored in a licensed private bonded warehouse. - The Tribunal affirmed that the jurisdiction for raising demand for short levy lies with the proper officer having jurisdiction over the warehouse and not with the Custom House of the port of import, aligning with previous Tribunal decisions and legal provisions.
Warehousing of imported Goods without payment of duty - The Tribunal concluded that the appellant complied with all legal provisions for the importation and warehousing of goods under the Customs Act, 1962. The Tribunal found no basis for the demand for customs duty on raw materials used in manufacturing, which were imported and stored in a licensed private bonded warehouse. - The Tribunal affirmed that the jurisdiction for raising demand for short levy lies with the proper officer having jurisdiction over the warehouse and not with the Custom House of the port of import, aligning with previous Tribunal decisions and legal provisions.
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