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...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The imported goods, IC-Codecs, are electronic integrated circuits used in the manufacture of mobile phones and tablets. They are classified under Customs Tariff Item 8542 39 00 of the Customs Tariff Act 1975, not under CTI 8517 62 90. The ICs are not considered "apparatus" or "machines" as they cannot function standalone or establish a network connection. CTH 8542 specifically covers "electronic integrated circuits" in the form of un-diced wafers, which the imported IC-Codecs are. Therefore, the appellant is entitled to the benefit of the exemption Notification dated 01.03.2005, which exempts customs duty on goods imported under CTH 8542. The department's appeal was dismissed as the order on merits could not be sustained.
The imported goods, IC-Codecs, are electronic integrated circuits used in the manufacture of mobile phones and tablets. They are classified under Customs Tariff Item 8542 39 00 of the Customs Tariff Act 1975, not under CTI 8517 62 90. The ICs are not considered "apparatus" or "machines" as they cannot function standalone or establish a network connection. CTH 8542 specifically covers "electronic integrated circuits" in the form of un-diced wafers, which the imported IC-Codecs are. Therefore, the appellant is entitled to the benefit of the exemption Notification dated 01.03.2005, which exempts customs duty on goods imported under CTH 8542. The department's appeal was dismissed as the order on merits could not be sustained.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
