Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Imported flow meters, pressure transmitters, level transmitters, parts and accessories were classified under tariff headings 9032 8990 and 9032 9000 or 9026 of Customs Tariff Act, 1975. Assessing authority insisted on revising classification with duty implications. Importers challenged before appellate authority. No speaking order issued by assessing authority. Appellate authority offered justifications akin to dual-headed assessment. Appellate jurisdiction is to determine validity of justification for detriment. Correctness of classification by customs and excise authorities for finished/manufactured products differs from classification of parts and accessories derived from rival headings. Heading 9032 intended for autonomous calibrating and regulating equipment. Nature of goods not examined for conformity. Onus on authorities to comply with interpretation rules not discharged. Lack of determination on correctness of classification. Disputes to be adjudicated afresh by original authorities for proper determination. Impugned orders set aside, matters remanded for de novo proceedings. Appeal allowed by way of remand.
Imported flow meters, pressure transmitters, level transmitters, parts and accessories were classified under tariff headings 9032 8990 and 9032 9000 or 9026 of Customs Tariff Act, 1975. Assessing authority insisted on revising classification with duty implications. Importers challenged before appellate authority. No speaking order issued by assessing authority. Appellate authority offered justifications akin to dual-headed assessment. Appellate jurisdiction is to determine validity of justification for detriment. Correctness of classification by customs and excise authorities for finished/manufactured products differs from classification of parts and accessories derived from rival headings. Heading 9032 intended for autonomous calibrating and regulating equipment. Nature of goods not examined for conformity. Onus on authorities to comply with interpretation rules not discharged. Lack of determination on correctness of classification. Disputes to be adjudicated afresh by original authorities for proper determination. Impugned orders set aside, matters remanded for de novo proceedings. Appeal allowed by way of remand.
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