Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
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The appellant, HAIL, was engaged in slaughtering animals and exporting meat during the relevant period. It availed the benefit of the VKGUY scheme, which provides incentives in the form of scrips for exporters of agricultural and village industry products. The department alleged that HAIL exported meat using pre-signed and pre-stamped veterinary certificates without actual inspection of animals. The Show Cause Notice (SCN) relied on 22 documents, including 14 statements recorded u/s 108 of the Customs Act. However, as per Section 138B, these statements can only be relevant if the persons are dead, cannot be found, or are examined as witnesses. The adjudicating authority did not follow this procedure. Without the statements, the remaining 8 documents did not establish that HAIL exported meat using pre-signed certificates. Consequently, the penalties imposed on HAIL and individuals could not be sustained, and the impugned order upholding the Order-in-Original needed to be set aside.
The appellant, HAIL, was engaged in slaughtering animals and exporting meat during the relevant period. It availed the benefit of the VKGUY scheme, which provides incentives in the form of scrips for exporters of agricultural and village industry products. The department alleged that HAIL exported meat using pre-signed and pre-stamped veterinary certificates without actual inspection of animals. The Show Cause Notice (SCN) relied on 22 documents, including 14 statements recorded u/s 108 of the Customs Act. However, as per Section 138B, these statements can only be relevant if the persons are dead, cannot be found, or are examined as witnesses. The adjudicating authority did not follow this procedure. Without the statements, the remaining 8 documents did not establish that HAIL exported meat using pre-signed certificates. Consequently, the penalties imposed on HAIL and individuals could not be sustained, and the impugned order upholding the Order-in-Original needed to be set aside.
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