Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Appellant provided documentary evidence that freight and insurance was borne by foreign exporter, establishing goods were exported on CIF basis. CESTAT held enhancement of assessable value by adding freight and insurance by revenue is legally unsustainable. Goods meant for bulk supply to Jharkhand government hospitals, not for retail sale. Notification invoked by revenue for MRP-based assessment not applicable as goods imported in liquid form, not bars/cakes/moulded shapes. MRP-based valuation u/s 4A of Central Excise Act cannot be used to calculate CVD. Revenue failed to bring new evidence of suppression/misstatement to evade duty, hence extended period of limitation unsustainable. Appeal allowed on merits and limitation.
Appellant provided documentary evidence that freight and insurance was borne by foreign exporter, establishing goods were exported on CIF basis. CESTAT held enhancement of assessable value by adding freight and insurance by revenue is legally unsustainable. Goods meant for bulk supply to Jharkhand government hospitals, not for retail sale. Notification invoked by revenue for MRP-based assessment not applicable as goods imported in liquid form, not bars/cakes/moulded shapes. MRP-based valuation u/s 4A of Central Excise Act cannot be used to calculate CVD. Revenue failed to bring new evidence of suppression/misstatement to evade duty, hence extended period of limitation unsustainable. Appeal allowed on merits and limitation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
