Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
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...
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Refund claim for interest paid along with IGST was rejected due to non-fulfillment of pre-import conditions for goods imported under Advance Authorizations. Initially, IGST exemption was wrongly availed, but payment was made later. The pre-import condition in the notification was upheld as valid by the Supreme Court. The appellant admitted to not fulfilling the pre-import conditions, rendering them ineligible for IGST exemption. The interest liability on delayed IGST payment was automatic. The Bombay High Court's decision on interest refund for additional customs duty did not apply to IGST. The CESTAT dismissed the appeal, concluding that the refund claim for interest paid along with IGST was rightly rejected.
Refund claim for interest paid along with IGST was rejected due to non-fulfillment of pre-import conditions for goods imported under Advance Authorizations. Initially, IGST exemption was wrongly availed, but payment was made later. The pre-import condition in the notification was upheld as valid by the Supreme Court. The appellant admitted to not fulfilling the pre-import conditions, rendering them ineligible for IGST exemption. The interest liability on delayed IGST payment was automatic. The Bombay High Court's decision on interest refund for additional customs duty did not apply to IGST. The CESTAT dismissed the appeal, concluding that the refund claim for interest paid along with IGST was rightly rejected.
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