Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Appellant was found guilty of contravening Sections 8(3) read with 8(4) and Sections 8(3) read with 8(4) read with Section 64 of FERA for over-invoicing imported books and unauthorised foreign exchange remittances through proprietorship firms. Although not the mastermind, Appellant had knowledge of the fraudulent scheme and allowed the main accused to use proprietorship names for imports. Based on recorded statements and available records, Appellate Tribunal established Appellant's involvement in the contravention. The penalty was reduced to Rs. 2 Lakhs, which was already pre-deposited. The blocked amount of Rs. 60,859.52 in Appellant's firm's account was directed to be released along with interest.
Appellant was found guilty of contravening Sections 8(3) read with 8(4) and Sections 8(3) read with 8(4) read with Section 64 of FERA for over-invoicing imported books and unauthorised foreign exchange remittances through proprietorship firms. Although not the mastermind, Appellant had knowledge of the fraudulent scheme and allowed the main accused to use proprietorship names for imports. Based on recorded statements and available records, Appellate Tribunal established Appellant's involvement in the contravention. The penalty was reduced to Rs. 2 Lakhs, which was already pre-deposited. The blocked amount of Rs. 60,859.52 in Appellant's firm's account was directed to be released along with interest.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
