Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Classification of imported goods, specifically Quick Lime, under the Customs Tariff Act, 1975, and the levy of interest. The key points are: Quick Lime is classifiable under Customs Tariff Heading (CTH) 2522 1000, not CTH 2825, as decided by the Delhi Bench of the Tribunal in a previous case. Regarding the levy of interest, the amounts paid by the appellant during the investigation stage are required to be refunded along with interest at 12% rate, as per the cited case laws of the Delhi and Allahabad Benches of the CESTAT. The appeal is disposed off based on these findings.
Classification of imported goods, specifically Quick Lime, under the Customs Tariff Act, 1975, and the levy of interest. The key points are: Quick Lime is classifiable under Customs Tariff Heading (CTH) 2522 1000, not CTH 2825, as decided by the Delhi Bench of the Tribunal in a previous case. Regarding the levy of interest, the amounts paid by the appellant during the investigation stage are required to be refunded along with interest at 12% rate, as per the cited case laws of the Delhi and Allahabad Benches of the CESTAT. The appeal is disposed off based on these findings.
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