Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Bed sheets imported were correctly classified under CTH 6304 as bed spreads/bed sheets, despite being made of 100% polyester yarn. Although woven fabric of synthetic filament yarn, their identity as bed spreads/bed sheets remained intact, making them classifiable under CTH 6304. Respondents liable to pay duty by classifying goods under CTH 6304, but not liable for confiscation or penalties u/s 114A of Customs Act, 1962. No redemption fine payable. Appeals filed by Revenue dismissed.
Bed sheets imported were correctly classified under CTH 6304 as bed spreads/bed sheets, despite being made of 100% polyester yarn. Although woven fabric of synthetic filament yarn, their identity as bed spreads/bed sheets remained intact, making them classifiable under CTH 6304. Respondents liable to pay duty by classifying goods under CTH 6304, but not liable for confiscation or penalties u/s 114A of Customs Act, 1962. No redemption fine payable. Appeals filed by Revenue dismissed.
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