Toy balloon tariff classification: functional heading prevails over residual rubber and festive article headings, supporting penalties for deliberate ...
Customs valuation using comparable contemporaneous imports can displace declared value, while missing speaking orders require pursuit before competent...
Foreign customs declarations and importer admissions established undervaluation, supporting sequential value redetermination, differential duty, and m...
Customs seizure safeguards prevent detention-based limitation avoidance and invalidate provisional release conditions for imported vehicles under an i...
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Calculation of Tax Liability based on subsequent year's Balance Sheet - non-service of SCN - Obligation to monitor GST Portal - The High Court found merit in the petitioner's argument regarding the incorrect use of financial statements for the assessment period. It noted that the respondent should have utilized the 2017-2018 balance sheet for adjudication, rather than the subsequent year's balance sheet. - While acknowledging the petitioner's obligation to monitor the GST portal regularly, the court emphasized the need for proper communication of official notices. However, it also held the petitioner accountable for not responding to the notice within the stipulated period. - Matter restored back, subject to remit a specified sum as a condition for remand.
Calculation of Tax Liability based on subsequent year's Balance Sheet - non-service of SCN - Obligation to monitor GST Portal - The High Court found merit in the petitioner's argument regarding the incorrect use of financial statements for the assessment period. It noted that the respondent should have utilized the 2017-2018 balance sheet for adjudication, rather than the subsequent year's balance sheet. - While acknowledging the petitioner's obligation to monitor the GST portal regularly, the court emphasized the need for proper communication of official notices. However, it also held the petitioner accountable for not responding to the notice within the stipulated period. - Matter restored back, subject to remit a specified sum as a condition for remand.
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