Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Chartered accountant held guilty of professional misconduct under clause (7) of Part I of Second Schedule to the Act for lack of due diligence and gross negligence in issuing utilization certificate without verifying accuracy of figures or seeking supporting documents from client society. Conduct akin to previous cases where certificates issued without examining underlying documents. However, considering long membership and lack of prior misconduct, instead of removing name from register for one year, respondent severely reprimanded u/s 21(6)(b) of the Act. Reference disposed of accordingly.
Chartered accountant held guilty of professional misconduct under clause (7) of Part I of Second Schedule to the Act for lack of due diligence and gross negligence in issuing utilization certificate without verifying accuracy of figures or seeking supporting documents from client society. Conduct akin to previous cases where certificates issued without examining underlying documents. However, considering long membership and lack of prior misconduct, instead of removing name from register for one year, respondent severely reprimanded u/s 21(6)(b) of the Act. Reference disposed of accordingly.
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