Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Food import sampling requirements support provisional release where unseized consignments conform to standards and raw areca classification is unestab...
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CESTAT upheld rejection of a customs duty refund claim filed on 09.01.2024 relating to payments made via challans between March-December 2017 under EPCG scheme. The appellant's claim was time-barred under Section 27 of Customs Act, 1962, as it exceeded the one-year limitation period from duty payment date. The Tribunal noted that no statutory relaxations under Section 27(1B) were applicable. Following precedent from IFGL Refractories case, CESTAT found no grounds to interfere with the original order rejecting the refund claim due to clear statutory time-bar. The appeal was dismissed on merits, affirming that limitation periods under Customs Act must be strictly observed.
CESTAT upheld rejection of a customs duty refund claim filed on 09.01.2024 relating to payments made via challans between March-December 2017 under EPCG scheme. The appellant's claim was time-barred under Section 27 of Customs Act, 1962, as it exceeded the one-year limitation period from duty payment date. The Tribunal noted that no statutory relaxations under Section 27(1B) were applicable. Following precedent from IFGL Refractories case, CESTAT found no grounds to interfere with the original order rejecting the refund claim due to clear statutory time-bar. The appeal was dismissed on merits, affirming that limitation periods under Customs Act must be strictly observed.
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