Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
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 case before CESTAT involved the classification of intermediate goods - polyester/cotton rove twisted yarn and nylon/cotton rove twisted yarn. The key issue was whether these goods should be classified under Subheading No.5608.00 or 5607.90. CESTAT held that the goods were not marketable, citing precedents such as CIMMCO BIRLA LTD. v. Commissioner of Central Excise. Due to non-marketability, the goods were not considered excisable, leading to the rejection of the duty demand. The penalty imposed was deemed unjustified as there was no prior proposal for it. The decision set aside the impugned orders and allowed the appeal.
The case before CESTAT involved the classification of intermediate goods - polyester/cotton rove twisted yarn and nylon/cotton rove twisted yarn. The key issue was whether these goods should be classified under Subheading No.5608.00 or 5607.90. CESTAT held that the goods were not marketable, citing precedents such as CIMMCO BIRLA LTD. v. Commissioner of Central Excise. Due to non-marketability, the goods were not considered excisable, leading to the rejection of the duty demand. The penalty imposed was deemed unjustified as there was no prior proposal for it. The decision set aside the impugned orders and allowed the appeal.
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