Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expens...
Provisional release of the goods allowed - SCN not issued within time limitation - The Tribunal observed that the goods were seized under Section 110 of the Customs Act, 1962. As per Section 110(2), if no notice is given within six months of seizure, the goods must be returned to the person from whose possession they were seized. Since no show cause notice was issued within this timeframe, the Tribunal directed the adjudicating authority to release the goods immediately.
Provisional release of the goods allowed - SCN not issued within time limitation - The Tribunal observed that the goods were seized under Section 110 of the Customs Act, 1962. As per Section 110(2), if no notice is given within six months of seizure, the goods must be returned to the person from whose possession they were seized. Since no show cause notice was issued within this timeframe, the Tribunal directed the adjudicating authority to release the goods immediately.
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