Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
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CESTAT determined specifications, drawings and designs supplied by Company M during request for quotations (RFQ) do not constitute additional consideration for sale under Central Excise Act and Valuation Rules. The Tribunal reasoned that for elements to qualify as consideration under Contract Act, they must be provided at promisor's desire, which wasn't the case here. The documents were merely articulation of Company M's requirements to elicit proposals, not consideration flowing from promisee to promisor. Following precedent in similar cases, CESTAT held such technical documentation supplied free of cost cannot be included in assessable value for excise duty calculation. Appeal allowed with impugned order set aside.
CESTAT determined specifications, drawings and designs supplied by Company M during request for quotations (RFQ) do not constitute additional consideration for sale under Central Excise Act and Valuation Rules. The Tribunal reasoned that for elements to qualify as consideration under Contract Act, they must be provided at promisor's desire, which wasn't the case here. The documents were merely articulation of Company M's requirements to elicit proposals, not consideration flowing from promisee to promisor. Following precedent in similar cases, CESTAT held such technical documentation supplied free of cost cannot be included in assessable value for excise duty calculation. Appeal allowed with impugned order set aside.
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