Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Appellate Tribunal ruling on rejection of transaction value and re-determination of imported goods' value. Lack of justification for rejecting declared values under Valuation Rules. Inadequate details on Bills of Entry for identical or similar goods used for re-determination. No comparison of features between imported goods and goods whose values were adopted. Re-determination of values, demand for differential duty, confiscation, and penalties set aside for specific goods. Penalty u/s 114AA reduced. Matter remanded for recalculation. Partial allowance of appeal.
Appellate Tribunal ruling on rejection of transaction value and re-determination of imported goods' value. Lack of justification for rejecting declared values under Valuation Rules. Inadequate details on Bills of Entry for identical or similar goods used for re-determination. No comparison of features between imported goods and goods whose values were adopted. Re-determination of values, demand for differential duty, confiscation, and penalties set aside for specific goods. Penalty u/s 114AA reduced. Matter remanded for recalculation. Partial allowance of appeal.
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