Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Benefit of concessional rate of Customs duty benefit on the basis of county of Origin Certificate - Malaysian Origin goods - The Tribunal examined the provisions of Notification No. 46/2011-Cus and the AIFTA Rules regarding the origin criteria for preferential tariff treatment. It found that the appellants claimed the goods to be originating in Malaysia under Rule 5 of the AIFTA Rules. Despite the department's doubts, it was observed that there was no confirmation from the Malaysian Government regarding the authenticity of the country of origin certificate. Therefore, the Tribunal ruled that without verifying the authenticity of the certificate of origins, the benefit cannot be denied.
Benefit of concessional rate of Customs duty benefit on the basis of county of Origin Certificate - Malaysian Origin goods - The Tribunal examined the provisions of Notification No. 46/2011-Cus and the AIFTA Rules regarding the origin criteria for preferential tariff treatment. It found that the appellants claimed the goods to be originating in Malaysia under Rule 5 of the AIFTA Rules. Despite the department's doubts, it was observed that there was no confirmation from the Malaysian Government regarding the authenticity of the country of origin certificate. Therefore, the Tribunal ruled that without verifying the authenticity of the certificate of origins, the benefit cannot be denied.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
