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...
The Customs, Excise and Service Tax Appellate Tribunal held that the imported machinery "Innopet Plasmax System 20Q" used for coating PET bottles for aerating beverages/aerated waters is appropriately classifiable under Customs Tariff Item 8422 3000, and its parts under CTI 8422 9090 of the Customs Tariff Act, 1975. The Tribunal set aside the impugned order passed by the Commissioner of Customs classifying the goods under CTI 8479 8999, allowing the appeals in favor of the appellants.
The Customs, Excise and Service Tax Appellate Tribunal held that the imported machinery "Innopet Plasmax System 20Q" used for coating PET bottles for aerating beverages/aerated waters is appropriately classifiable under Customs Tariff Item 8422 3000, and its parts under CTI 8422 9090 of the Customs Tariff Act, 1975. The Tribunal set aside the impugned order passed by the Commissioner of Customs classifying the goods under CTI 8479 8999, allowing the appeals in favor of the appellants.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
