Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Remission of duty - Application of Section 23 - duty free goods brought into SEZ and the same were destroyed in fire or otherwise - The Appellate Tribunal noted that there have been previous cases where goods destroyed in SEZs were found eligible for remission of duty under the Customs Act. Citing a specific case (ONGC Petro Additions Ltd. Vs. CC), the Tribunal highlighted that the responsibility for ensuring the safety of goods lies with the appellant, but negligence was not proven in this instance. Additionally, it was noted that the absence of customs inspection or analysis further supported the appellant's claim of lack of negligence. - The Tribunal upheld the appellant's right to remission of duty.
Remission of duty - Application of Section 23 - duty free goods brought into SEZ and the same were destroyed in fire or otherwise - The Appellate Tribunal noted that there have been previous cases where goods destroyed in SEZs were found eligible for remission of duty under the Customs Act. Citing a specific case (ONGC Petro Additions Ltd. Vs. CC), the Tribunal highlighted that the responsibility for ensuring the safety of goods lies with the appellant, but negligence was not proven in this instance. Additionally, it was noted that the absence of customs inspection or analysis further supported the appellant's claim of lack of negligence. - The Tribunal upheld the appellant's right to remission of duty.
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