Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
The SC upheld that the Public Procurement Policy for MSEs Order 2012 has legal force through Section 11 of the MSMED Act 2006. While individual MSEs have no mandatory procurement right, government bodies have a statutory obligation to implement the 25% procurement mandate from MSEs. The Court directed the Review Committee to examine whether this 25% procurement would be independent of the 358 reserved items and take necessary compliance actions within 60 days. Additionally, the Court ruled that minimum turnover clauses in tenders cannot override the Procurement Policy and directed the Grievance Cell to establish appropriate limits for such clauses for MSEs within 60 days. Judicial review will primarily ensure proper functioning of statutory authorities.
The SC upheld that the Public Procurement Policy for MSEs Order 2012 has legal force through Section 11 of the MSMED Act 2006. While individual MSEs have no mandatory procurement right, government bodies have a statutory obligation to implement the 25% procurement mandate from MSEs. The Court directed the Review Committee to examine whether this 25% procurement would be independent of the 358 reserved items and take necessary compliance actions within 60 days. Additionally, the Court ruled that minimum turnover clauses in tenders cannot override the Procurement Policy and directed the Grievance Cell to establish appropriate limits for such clauses for MSEs within 60 days. Judicial review will primarily ensure proper functioning of statutory authorities.
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