Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The appellant incorrectly classified imported Fork/Yoke 5th and reverse gear shift components (motor vehicle parts) under CTH 84831099 as "Transmission Shafts" rather than the appropriate CTH 8708400 designation for gear box parts. CESTAT determined this misclassification resulted in evasion of Basic Customs Duty at a rate of 2.5%. The SC found no grounds to interfere with CESTAT's order, concluding the components were properly classifiable as parts of motor vehicle gear boxes under CTH 8708400 rather than general transmission components. The appeal was accordingly dismissed, upholding the original customs duty assessment and classification determination.
The appellant incorrectly classified imported Fork/Yoke 5th and reverse gear shift components (motor vehicle parts) under CTH 84831099 as "Transmission Shafts" rather than the appropriate CTH 8708400 designation for gear box parts. CESTAT determined this misclassification resulted in evasion of Basic Customs Duty at a rate of 2.5%. The SC found no grounds to interfere with CESTAT's order, concluding the components were properly classifiable as parts of motor vehicle gear boxes under CTH 8708400 rather than general transmission components. The appeal was accordingly dismissed, upholding the original customs duty assessment and classification determination.
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