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Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Valuation of imported goods - inclusion of royalty in the invoice value - The Appellate Tribunal finds that the direction to modify the order and include royalty in the invoice value of imported goods lacks legal basis. The Tribunal observes that there was no notice issued under the Customs Act for recovery of duty based on the addition of royalty to the declared value. As such, the Tribunal concludes that the direction to modify the order is beyond the jurisdiction of the reviewing authority. The tribunal finds that the SVB is not empowered to assess duties or recovery subsequent to clearance for home consumption. - The Tribunal emphasizes the premature nature of the appeal before the first appellate authority and restores the appeal for proper disposal.
Valuation of imported goods - inclusion of royalty in the invoice value - The Appellate Tribunal finds that the direction to modify the order and include royalty in the invoice value of imported goods lacks legal basis. The Tribunal observes that there was no notice issued under the Customs Act for recovery of duty based on the addition of royalty to the declared value. As such, the Tribunal concludes that the direction to modify the order is beyond the jurisdiction of the reviewing authority. The tribunal finds that the SVB is not empowered to assess duties or recovery subsequent to clearance for home consumption. - The Tribunal emphasizes the premature nature of the appeal before the first appellate authority and restores the appeal for proper disposal.
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