Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
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The CESTAT held that for valuation of bunker fuel consumed during coastal runs, the NIDB (National Import Database) data should be adopted as recognized by the facility notice issued by the Commissioner Bhubaneshwar. However, since the quantity of bunker consumed is small, it may be difficult to find comparable NIDB data. In such cases, the deductive method under the Customs Valuation Rules becomes relevant, allowing adjustments for quantity differences compared to contemporaneous import data in NIDB. The CESTAT remanded the matter to the original Adjudicating Authority for redetermination of assessable value using the deductive method, modifying the Commissioner (Appeal)'s order. The appeal was allowed by way of remand.
The CESTAT held that for valuation of bunker fuel consumed during coastal runs, the NIDB (National Import Database) data should be adopted as recognized by the facility notice issued by the Commissioner Bhubaneshwar. However, since the quantity of bunker consumed is small, it may be difficult to find comparable NIDB data. In such cases, the deductive method under the Customs Valuation Rules becomes relevant, allowing adjustments for quantity differences compared to contemporaneous import data in NIDB. The CESTAT remanded the matter to the original Adjudicating Authority for redetermination of assessable value using the deductive method, modifying the Commissioner (Appeal)'s order. The appeal was allowed by way of remand.
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