Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
The case involves a Customs Broker's license revocation for involvement in mis-declaration and fraudulent export of "Uric Acid." The Commissioner of Customs followed the prescribed timeline u/s Regulation 20 of CBLR, 2013 for issuing Show Cause Notice, conducting inquiry, and issuing the Order-in-Original. The revocation proceedings were found not time-barred. The Broker's license was misused for financial gain in fraudulent transactions, leading to fine and forfeiture of security deposit. The Tribunal modified the order, setting aside license revocation but upholding the penalty and forfeiture.
The case involves a Customs Broker's license revocation for involvement in mis-declaration and fraudulent export of "Uric Acid." The Commissioner of Customs followed the prescribed timeline u/s Regulation 20 of CBLR, 2013 for issuing Show Cause Notice, conducting inquiry, and issuing the Order-in-Original. The revocation proceedings were found not time-barred. The Broker's license was misused for financial gain in fraudulent transactions, leading to fine and forfeiture of security deposit. The Tribunal modified the order, setting aside license revocation but upholding the penalty and forfeiture.
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