Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Arbitral Proceedings - Computation of one-year period for completing the proceedings - exclusion of days during which the proceedings were stayed - The High Court acknowledged the stay of proceedings ordered by the Court and held that the period during which the proceedings were stayed should be excluded from the calculation of the one-year period for making the award. They emphasized the principle that periods of stay ordered by courts should be excluded when calculating timelines. The Court reiterated the importance of adhering to the provisions of the Arbitration and Conciliation Act, 1996, to ensure the expeditious resolution of disputes.
Arbitral Proceedings - Computation of one-year period for completing the proceedings - exclusion of days during which the proceedings were stayed - The High Court acknowledged the stay of proceedings ordered by the Court and held that the period during which the proceedings were stayed should be excluded from the calculation of the one-year period for making the award. They emphasized the principle that periods of stay ordered by courts should be excluded when calculating timelines. The Court reiterated the importance of adhering to the provisions of the Arbitration and Conciliation Act, 1996, to ensure the expeditious resolution of disputes.
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