TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
CESTAT Bangalore upheld the imposition of penalty for misclassification of imported products under CTH 2938 instead of CTH 2106. The appellant mis-declared goods as 'Big Fib, Mast free comen' to avoid correct classification. Samples tested by CFTRI confirmed they were food ingredients. Appellant's supplier also classified items under CTH 2106. Intentional mis-declaration led to invoking extended period for duty payment. Commissioner (A) rightly imposed penalty. Appeal dismissed.
CESTAT Bangalore upheld the imposition of penalty for misclassification of imported products under CTH 2938 instead of CTH 2106. The appellant mis-declared goods as 'Big Fib, Mast free comen' to avoid correct classification. Samples tested by CFTRI confirmed they were food ingredients. Appellant's supplier also classified items under CTH 2106. Intentional mis-declaration led to invoking extended period for duty payment. Commissioner (A) rightly imposed penalty. Appeal dismissed.
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