Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Transfer pricing adjustments, selection of the most appropriate method (MAM), benchmarking approach (aggregation or segregation), factual rendering of services, arm's length pricing (ALP) determination for various transactions like Technical Support Services (TSS), Business Support Services (BSS), and royalty payments. It highlights the inconsistencies in the approach adopted by the Transfer Pricing Officer (TPO) and the Dispute Resolution Panel (DRP) compared to previous years, lack of proper consideration of evidence and contentions raised by the assessee, and the need for remitting the matter back to the TPO for a fresh determination considering all relevant factors, including landed cost of imported components for comparables in the case of royalty transactions.
Transfer pricing adjustments, selection of the most appropriate method (MAM), benchmarking approach (aggregation or segregation), factual rendering of services, arm's length pricing (ALP) determination for various transactions like Technical Support Services (TSS), Business Support Services (BSS), and royalty payments. It highlights the inconsistencies in the approach adopted by the Transfer Pricing Officer (TPO) and the Dispute Resolution Panel (DRP) compared to previous years, lack of proper consideration of evidence and contentions raised by the assessee, and the need for remitting the matter back to the TPO for a fresh determination considering all relevant factors, including landed cost of imported components for comparables in the case of royalty transactions.
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