Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The case involved the clearance of hot dipped galvanized steel coils below the minimum import price set by DGFT. The Tribunal upheld the validity of the minimum import price notification u/s 3 of the FTDR Act. The appellant's argument that the notification was not applicable was rejected. The Tribunal emphasized that Customs must adhere to DGFT notifications. Citing a similar case, the Tribunal justified the imposition of a redemption fine. However, considering the unique circumstances, the redemption fine was reduced to Rs. 8,00,000. Appeal partially allowed.
The case involved the clearance of hot dipped galvanized steel coils below the minimum import price set by DGFT. The Tribunal upheld the validity of the minimum import price notification u/s 3 of the FTDR Act. The appellant's argument that the notification was not applicable was rejected. The Tribunal emphasized that Customs must adhere to DGFT notifications. Citing a similar case, the Tribunal justified the imposition of a redemption fine. However, considering the unique circumstances, the redemption fine was reduced to Rs. 8,00,000. Appeal partially allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
