Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Classification of imported goods - medical grade monitor - to be classified under heading 8529 of First Schedule to Customs Tariff Act, 1975 - monitors of every kind covered under heading 8528, comprising four tariff lines, two pertaining to cathode-ray tube monitors, others covering every other type - lack of distinction between monitors used with automated data processing machines and others - adopted heading not residual - classification proposed in show cause notice and confirmed in impugned order upheld - impugned order traversed beyond show cause notice, attempting classification exclusively by resort to rule 1 of General Rules for Interpretation of Import Tariff - affirmation of rule 3 does not permit such finding as classification declared by importer not inapt, only loses out by degree of specificity - penalty u/s 114A of Customs Act, 1962 - no finding on manner of misdeclaration or willful misstatement with intention to evade duty payment - remanded to original authority for specific finding on invocation of section 114A for penalty imposition.
Classification of imported goods - medical grade monitor - to be classified under heading 8529 of First Schedule to Customs Tariff Act, 1975 - monitors of every kind covered under heading 8528, comprising four tariff lines, two pertaining to cathode-ray tube monitors, others covering every other type - lack of distinction between monitors used with automated data processing machines and others - adopted heading not residual - classification proposed in show cause notice and confirmed in impugned order upheld - impugned order traversed beyond show cause notice, attempting classification exclusively by resort to rule 1 of General Rules for Interpretation of Import Tariff - affirmation of rule 3 does not permit such finding as classification declared by importer not inapt, only loses out by degree of specificity - penalty u/s 114A of Customs Act, 1962 - no finding on manner of misdeclaration or willful misstatement with intention to evade duty payment - remanded to original authority for specific finding on invocation of section 114A for penalty imposition.
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