Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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The issue pertained to the inclusion of demurrage charges in the assessable value for payment of customs duty under the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. The Tribunal relied on the decision of the Orissa High Court in the case of Tata Steel Ltd. and Others v. Union of India and Others, wherein the High Court held that demurrage charges are not included as part of the cost envisaged by the legislation for determining the assessable value. Consequently, the Tribunal ruled that demurrage charges cannot be included in the assessable value for payment of customs duty.
The issue pertained to the inclusion of demurrage charges in the assessable value for payment of customs duty under the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. The Tribunal relied on the decision of the Orissa High Court in the case of Tata Steel Ltd. and Others v. Union of India and Others, wherein the High Court held that demurrage charges are not included as part of the cost envisaged by the legislation for determining the assessable value. Consequently, the Tribunal ruled that demurrage charges cannot be included in the assessable value for payment of customs duty.
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