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 appellants imported a helicopter (Model No.412-EP, Sr. No.36643 registered as VT-HGK) vide B/E No.397583 dated 26.12.2007. The exemption entry 347B of the N/N. 21/2002-Customs dated 01.03.2002, as amended by notification No.61/2007-Customs dated 03.05.2007, exempts import of helicopters from basic customs duty subject to condition No. 104. The appellants had a contractual arrangement with a company for providing helicopter services by making available the specified aircraft(s) owned by them, for which they had obtained Non-Scheduled Air Transport Services (Passenger) permit. The Tribunal held that the import of helicopter by the appellants would be covered by the exemption entry under Serial No. 347B, being eligible for exemption from the whole of the import duties of customs. The impugned order confirming the demand of customs duty, confiscation of imported goods, redemption fine, and penalties was set aside, allowing the appeal.
The appellants imported a helicopter (Model No.412-EP, Sr. No.36643 registered as VT-HGK) vide B/E No.397583 dated 26.12.2007. The exemption entry 347B of the N/N. 21/2002-Customs dated 01.03.2002, as amended by notification No.61/2007-Customs dated 03.05.2007, exempts import of helicopters from basic customs duty subject to condition No. 104. The appellants had a contractual arrangement with a company for providing helicopter services by making available the specified aircraft(s) owned by them, for which they had obtained Non-Scheduled Air Transport Services (Passenger) permit. The Tribunal held that the import of helicopter by the appellants would be covered by the exemption entry under Serial No. 347B, being eligible for exemption from the whole of the import duties of customs. The impugned order confirming the demand of customs duty, confiscation of imported goods, redemption fine, and penalties was set aside, allowing the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
