Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
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...
The CESTAT held that the CB did not violate Regulations 10(d), 10(e), and 10(f) of CBLR, 2018. Drawing analogy from a previous case, the Tribunal stated that the CB cannot be held liable for the exporter's actions unless there is clear evidence of the broker's involvement in the alleged misconduct. The Delhi HC had also ruled that a CB is not an expert in identifying misdeclaration of goods. Consequently, the revocation of the CB's license, forfeiture of security deposit, and imposition of penalty were set aside, allowing the appeal.
The CESTAT held that the CB did not violate Regulations 10(d), 10(e), and 10(f) of CBLR, 2018. Drawing analogy from a previous case, the Tribunal stated that the CB cannot be held liable for the exporter's actions unless there is clear evidence of the broker's involvement in the alleged misconduct. The Delhi HC had also ruled that a CB is not an expert in identifying misdeclaration of goods. Consequently, the revocation of the CB's license, forfeiture of security deposit, and imposition of penalty were set aside, allowing the appeal.
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