Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
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CESTAT ruled in favor of the appellant regarding BIS marking requirements on imported Stainless Steel products. The shipment occurred on January 13, 2017, before the Stainless Steel Products (Quality Control Order) 2016 came into effect on February 7, 2017. As per Foreign Trade Policy 2015-2020, import date is considered as the shipment date. The tribunal rejected the argument that prior knowledge of upcoming regulations created an obligation to affix BIS marks. Following precedent from Metro Bright Bar India case, CESTAT held that since shipment predated the Quality Control Order's implementation, BIS marking was not required. The confiscation, redemption fine, and penalties were set aside, and the appeal was allowed.
CESTAT ruled in favor of the appellant regarding BIS marking requirements on imported Stainless Steel products. The shipment occurred on January 13, 2017, before the Stainless Steel Products (Quality Control Order) 2016 came into effect on February 7, 2017. As per Foreign Trade Policy 2015-2020, import date is considered as the shipment date. The tribunal rejected the argument that prior knowledge of upcoming regulations created an obligation to affix BIS marks. Following precedent from Metro Bright Bar India case, CESTAT held that since shipment predated the Quality Control Order's implementation, BIS marking was not required. The confiscation, redemption fine, and penalties were set aside, and the appeal was allowed.
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