Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Professional misconduct - Debarment from being appointed as an auditor or internal auditor or from undertaking any audit - levy of penalty - The court observed that the audit committee's conclusion was based solely on EP's presentation, which ruled out fraud reported by PW. The management used PHD's work as a disclosure in the financial statements, which were then audited by PHD, amounting to self-review. The court found no ground to grant any interim relief at this stage and rejected the applications for interim direction.
Professional misconduct - Debarment from being appointed as an auditor or internal auditor or from undertaking any audit - levy of penalty - The court observed that the audit committee's conclusion was based solely on EP's presentation, which ruled out fraud reported by PW. The management used PHD's work as a disclosure in the financial statements, which were then audited by PHD, amounting to self-review. The court found no ground to grant any interim relief at this stage and rejected the applications for interim direction.
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