Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
The appellant's self-assessment u/s 17(1) of the Customs Act was rejected, and re-assessment was done u/s 17(4) through Notification No. 12/2021-Customs (ADD) dated 05.03.2021. The Tribunal held that the imported goods, described as 'Color Toner Black' in the Bill of Entry, were excluded from the anti-dumping duty levied on 'black toner in powder form' by the Notification dated 05.03.2021, as it explicitly excluded color toners. A color toner comprises four colors (CMYK), with 'K' denoting black. The Assistant Commissioner and Commissioner (Appeals) erred in failing to appreciate this distinction and the Notification's exclusion of color toners. Consequently, the Commissioner (Appeals)'s order dated 17.11.2022 was set aside, and the appeal was allowed.
The appellant's self-assessment u/s 17(1) of the Customs Act was rejected, and re-assessment was done u/s 17(4) through Notification No. 12/2021-Customs (ADD) dated 05.03.2021. The Tribunal held that the imported goods, described as 'Color Toner Black' in the Bill of Entry, were excluded from the anti-dumping duty levied on 'black toner in powder form' by the Notification dated 05.03.2021, as it explicitly excluded color toners. A color toner comprises four colors (CMYK), with 'K' denoting black. The Assistant Commissioner and Commissioner (Appeals) erred in failing to appreciate this distinction and the Notification's exclusion of color toners. Consequently, the Commissioner (Appeals)'s order dated 17.11.2022 was set aside, and the appeal was allowed.
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