Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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The case involved the clearance of goods for export without paying duty, breaching conditions in a specific notification. The issue centered on the failure to provide or renew a Letter of Undertaking (LUT), essential for such clearances. The tribunal noted that while the LUT wasn't submitted, actual export occurred. The authorities went beyond the allegations in the show cause notice by penalizing for non-document submission post-export. The tribunal found penalties excessive for a procedural lapse when export wasn't in question. Consequently, fines and penalties were revoked, and the appeal was granted.
The case involved the clearance of goods for export without paying duty, breaching conditions in a specific notification. The issue centered on the failure to provide or renew a Letter of Undertaking (LUT), essential for such clearances. The tribunal noted that while the LUT wasn't submitted, actual export occurred. The authorities went beyond the allegations in the show cause notice by penalizing for non-document submission post-export. The tribunal found penalties excessive for a procedural lapse when export wasn't in question. Consequently, fines and penalties were revoked, and the appeal was granted.
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