Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Valuation/undervaluation of imported goods - HCG 3MM Strip (Pregnancy Testing Strip) - retail packing versus bulk quantities - rejection of declared value - enhancement of value. The Tribunal held that NIDB data cannot be the basis for enhancement of value. The transaction value can be rejected and enhanced only if the same quantities and quality are imported. In this case, the imported goods varied in quantity, and retail packing and bulk packing influenced the price. Without considering these facts, enhancement of value based solely on similarity of goods will not hold good. The impugned order was set aside, and the appeal was allowed.
Valuation/undervaluation of imported goods - HCG 3MM Strip (Pregnancy Testing Strip) - retail packing versus bulk quantities - rejection of declared value - enhancement of value. The Tribunal held that NIDB data cannot be the basis for enhancement of value. The transaction value can be rejected and enhanced only if the same quantities and quality are imported. In this case, the imported goods varied in quantity, and retail packing and bulk packing influenced the price. Without considering these facts, enhancement of value based solely on similarity of goods will not hold good. The impugned order was set aside, and the appeal was allowed.
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