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 availed duty exemption under EPCG authorization for import of goods. Subsequently, the appellant remitted customs duty along with interest on 27.03.2024 under the Amnesty Scheme. The CESTAT held that since the appellant had remitted the duty and interest as per the Amnesty Scheme, there was no scope to confirm the penalty imposed for the alleged violation. Although the appellant disputed the leviability of penalty u/s 112(a), the CESTAT found that the Amnesty Scheme did not specify anything about the penalty. Consequently, the CESTAT set aside the impugned order and allowed the appeal.
The appellant availed duty exemption under EPCG authorization for import of goods. Subsequently, the appellant remitted customs duty along with interest on 27.03.2024 under the Amnesty Scheme. The CESTAT held that since the appellant had remitted the duty and interest as per the Amnesty Scheme, there was no scope to confirm the penalty imposed for the alleged violation. Although the appellant disputed the leviability of penalty u/s 112(a), the CESTAT found that the Amnesty Scheme did not specify anything about the penalty. Consequently, the CESTAT set aside the impugned order and allowed the appeal.
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