Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Page of 4794
Press 'Enter' after typing page number.
1 to 20 of 95872 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The respondent's request for conversion of shipping bills from NFEI to EOU/other schemes was made after a period of three months, exceeding the time limit. However, it was held that Section 149 of the Customs Act, 1962 does not specify any time limit for such conversions. The Tribunal and High Court have allowed conversions even when the request was filed beyond three months, as the time limit prescribed by the Board Circular is not binding, being a non-statutory provision. Since the conversion had no revenue implication and the respondent did not claim any export incentive schemes, the impugned order was upheld, and the Revenue's appeal was dismissed.
The respondent's request for conversion of shipping bills from NFEI to EOU/other schemes was made after a period of three months, exceeding the time limit. However, it was held that Section 149 of the Customs Act, 1962 does not specify any time limit for such conversions. The Tribunal and High Court have allowed conversions even when the request was filed beyond three months, as the time limit prescribed by the Board Circular is not binding, being a non-statutory provision. Since the conversion had no revenue implication and the respondent did not claim any export incentive schemes, the impugned order was upheld, and the Revenue's appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
