Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
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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