Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
The appellant company, part of a group, was involved in clandestine removal of imported partially oriented yarn (PFY) into the local market, breaching Notification No. 59 of 1998 for manufacture of export goods. This diversion occurred in connivance with brokers and buyers to obtain cash sale proceeds. Consequently, the demand for customs duties on seized yarns from Jay Krishna Sizers and Carewell Rayons Pvt. Ltd., and the imposition of penalty on the appellant, were upheld. The High Court dismissed the appeal, finding no substantial question of law arising from the Tribunal's order.
The appellant company, part of a group, was involved in clandestine removal of imported partially oriented yarn (PFY) into the local market, breaching Notification No. 59 of 1998 for manufacture of export goods. This diversion occurred in connivance with brokers and buyers to obtain cash sale proceeds. Consequently, the demand for customs duties on seized yarns from Jay Krishna Sizers and Carewell Rayons Pvt. Ltd., and the imposition of penalty on the appellant, were upheld. The High Court dismissed the appeal, finding no substantial question of law arising from the Tribunal's order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
