Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Re-Classification of "Hot/Cold Rolled Stainless Steel Coils - Exemption from duty - Certificate of Origin - The Tribunal noted that the appellants provided substantial evidence, including the Indian Standard IS 15997; 2012 and an email clarification from the India Stainless Steel Development Association, supporting their classification. The Tribunal found that the lower nickel content as per the Indian Standard still categorizes the steel under "Austenitic Nickel Chromium Stainless Steel", dismissing the department's reliance on other sources suggesting a higher nickel content requirement. - The Tribunal acknowledged that the denial of exemption based on the manufacturer's identity was inappropriate, as the goods met the required specifications and were accompanied by a Certificate of Origin, satisfying the conditions under the Asia Pacific Trade Agreement Rules.
Re-Classification of "Hot/Cold Rolled Stainless Steel Coils - Exemption from duty - Certificate of Origin - The Tribunal noted that the appellants provided substantial evidence, including the Indian Standard IS 15997; 2012 and an email clarification from the India Stainless Steel Development Association, supporting their classification. The Tribunal found that the lower nickel content as per the Indian Standard still categorizes the steel under "Austenitic Nickel Chromium Stainless Steel", dismissing the department's reliance on other sources suggesting a higher nickel content requirement. - The Tribunal acknowledged that the denial of exemption based on the manufacturer's identity was inappropriate, as the goods met the required specifications and were accompanied by a Certificate of Origin, satisfying the conditions under the Asia Pacific Trade Agreement Rules.
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