Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Valuation of the seized goods - (i) Grey metal powder suspected to be Iridium, (ii) Grey metal powder suspected to be Ruthenium, (iii) Micro SD Memory cards, (iv) Stone beads ('Chaton') and (v) Branded watches - The adjudicating authority arrived at the valuation using various sources such as metal bulletins, NIDB data, purchase invoices, and website details. The Appellate Tribunal found the valuation to be appropriate except for Ruthenium, where it disagreed with the method used by the adjudicating authority. The Tribunal determined the value of Ruthenium at Rs. 3,00,000 per kg, which was within the range identified by the authority. Accordingly, the duty payable by the appellants was re-quantified based on the revised valuation.
Valuation of the seized goods - (i) Grey metal powder suspected to be Iridium, (ii) Grey metal powder suspected to be Ruthenium, (iii) Micro SD Memory cards, (iv) Stone beads ('Chaton') and (v) Branded watches - The adjudicating authority arrived at the valuation using various sources such as metal bulletins, NIDB data, purchase invoices, and website details. The Appellate Tribunal found the valuation to be appropriate except for Ruthenium, where it disagreed with the method used by the adjudicating authority. The Tribunal determined the value of Ruthenium at Rs. 3,00,000 per kg, which was within the range identified by the authority. Accordingly, the duty payable by the appellants was re-quantified based on the revised valuation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
