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...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Valuation - Assessable value of import vessel - Revised Price - Initially, a Memorandum of Agreement (MOA) was entered into with a declared Light Displacement Tonnage (LDT) of 10,386 MT for a certain price. However, upon inspection at the time of import, it was found to be 10,200 MT. The appellant argued that they paid the revised price based on the actual LDT found on the ship, which was lower than initially declared. Citing legal precedents, including a Supreme Court case and a Tribunal decision, the appellant contended that the revised price should be accepted for customs duty payment. After considering the submissions and legal precedents, the Appellate Tribunal found merit in the appellant's argument and allowed the appeal, setting aside the impugned order rejecting the revised value.
Valuation - Assessable value of import vessel - Revised Price - Initially, a Memorandum of Agreement (MOA) was entered into with a declared Light Displacement Tonnage (LDT) of 10,386 MT for a certain price. However, upon inspection at the time of import, it was found to be 10,200 MT. The appellant argued that they paid the revised price based on the actual LDT found on the ship, which was lower than initially declared. Citing legal precedents, including a Supreme Court case and a Tribunal decision, the appellant contended that the revised price should be accepted for customs duty payment. After considering the submissions and legal precedents, the Appellate Tribunal found merit in the appellant's argument and allowed the appeal, setting aside the impugned order rejecting the revised value.
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