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Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The High Court addressed the release of second-hand specialized equipment imported by the petitioner. Despite reviewing relevant legal provisions, including the Foreign Trade Policy-2023, no impact was found on the issues raised. The court instructed the petitioners to pay the assessed enhanced duty within four weeks. Once paid, the respondent was ordered to unconditionally release the goods within three weeks. The petitioners must comply with the duty assessment by a Chartered Engineer. Upon payment, the goods are to be released without additional conditions. The Writ Petitions were disposed of following these directives.
The High Court addressed the release of second-hand specialized equipment imported by the petitioner. Despite reviewing relevant legal provisions, including the Foreign Trade Policy-2023, no impact was found on the issues raised. The court instructed the petitioners to pay the assessed enhanced duty within four weeks. Once paid, the respondent was ordered to unconditionally release the goods within three weeks. The petitioners must comply with the duty assessment by a Chartered Engineer. Upon payment, the goods are to be released without additional conditions. The Writ Petitions were disposed of following these directives.
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