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...
The HC held that the word "and" in Custom Tariff Item 8517(iv) is to be read disjunctively. The exemption under amended Notification 24/2005-Cus applies to Wireless Access Points operating solely on MIMO technology. The respondent's imported WAPs employing MIMO but not LTE qualify for exemption from Basic Customs Duty. The phrase "MIMO and LTE Products" covers only products combining both technologies. The appeal by Revenue was dismissed.
The HC held that the word "and" in Custom Tariff Item 8517(iv) is to be read disjunctively. The exemption under amended Notification 24/2005-Cus applies to Wireless Access Points operating solely on MIMO technology. The respondent's imported WAPs employing MIMO but not LTE qualify for exemption from Basic Customs Duty. The phrase "MIMO and LTE Products" covers only products combining both technologies. The appeal by Revenue was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
