Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Customs broker's license revoked due to fraudulent activities and misdeclaration by G-Card Holder. Exporters used fake IECs and claimed huge IGST refund. Violated Regulations 10(a), 10(e), 10(n), 10(o), and 13(12) of CBLR, 2018. IECs found to be dummy firms, premises fake, and no business activities. Syndicate availed ineligible IGST refund on bogus invoices without paying IGST. Radioactivity test confirmed misdeclaration of goods. G-Card Holder violated provisions, making customs broker responsible. Appeal against order dismissed by CESTAT.
Customs broker's license revoked due to fraudulent activities and misdeclaration by G-Card Holder. Exporters used fake IECs and claimed huge IGST refund. Violated Regulations 10(a), 10(e), 10(n), 10(o), and 13(12) of CBLR, 2018. IECs found to be dummy firms, premises fake, and no business activities. Syndicate availed ineligible IGST refund on bogus invoices without paying IGST. Radioactivity test confirmed misdeclaration of goods. G-Card Holder violated provisions, making customs broker responsible. Appeal against order dismissed by CESTAT.
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