SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Page of 4884
Press 'Enter' after typing page number.
221 to 240 of 97661 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT ruled that separate shipping bills for goods exported in a single vessel must be assessed individually, not collectively, under the Customs Act. The tribunal emphasized that Fe content in iron ore fines must be determined on a wet basis, following SC precedent in Gangadhar Narsingdas. The Commissioner's order demanding differential duty based on combined assessment of multiple shipping bills and dry basis Fe content determination was overturned. The tribunal clarified that neither DRI officers nor Customs Commissioner has statutory authority to assess multiple shipping bills together, even when goods are loaded on the same vessel or covered under a single Bill of Lading. The appeal was allowed, setting aside the Commissioner's order dated 30.11.2022.
CESTAT ruled that separate shipping bills for goods exported in a single vessel must be assessed individually, not collectively, under the Customs Act. The tribunal emphasized that Fe content in iron ore fines must be determined on a wet basis, following SC precedent in Gangadhar Narsingdas. The Commissioner's order demanding differential duty based on combined assessment of multiple shipping bills and dry basis Fe content determination was overturned. The tribunal clarified that neither DRI officers nor Customs Commissioner has statutory authority to assess multiple shipping bills together, even when goods are loaded on the same vessel or covered under a single Bill of Lading. The appeal was allowed, setting aside the Commissioner's order dated 30.11.2022.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4884 
