Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The CESTAT rejected the Chartered Engineer's certificate and value determination for the imported goods, holding that the Engineer failed to justify the quality differences and provide details on suppliers/manufacturers for comparison. The Tribunal directed reassessment of value based on contemporaneous import/NIDB data or sequential Valuation Rules after providing relevant documents to the Appellant. The penalties imposed on the three Appellants u/ss 112, 114A, and 114AA were set aside. The issue of penalty and redemption fine was remanded for fresh consideration.
The CESTAT rejected the Chartered Engineer's certificate and value determination for the imported goods, holding that the Engineer failed to justify the quality differences and provide details on suppliers/manufacturers for comparison. The Tribunal directed reassessment of value based on contemporaneous import/NIDB data or sequential Valuation Rules after providing relevant documents to the Appellant. The penalties imposed on the three Appellants u/ss 112, 114A, and 114AA were set aside. The issue of penalty and redemption fine was remanded for fresh consideration.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
