Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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CESTAT held that a customs broker's obligation under Regulation 10(n) of CBLR 2018 is limited to verifying the authenticity of documents issued by government officers, not assessing their correctness. The broker must verify that certificates like IEC and GSTIN were genuinely issued, which can be done through online verification or comparing with originals. The broker is not required to investigate document validity or maintain surveillance on clients after initial address verification. If clients relocate without updating authorities, this cannot be held against the broker. The Tribunal concluded the appellant did not violate Regulation 10(n) when the exporter was later found non-existent, and accordingly allowed the appeal against license revocation and security deposit forfeiture.
CESTAT held that a customs broker's obligation under Regulation 10(n) of CBLR 2018 is limited to verifying the authenticity of documents issued by government officers, not assessing their correctness. The broker must verify that certificates like IEC and GSTIN were genuinely issued, which can be done through online verification or comparing with originals. The broker is not required to investigate document validity or maintain surveillance on clients after initial address verification. If clients relocate without updating authorities, this cannot be held against the broker. The Tribunal concluded the appellant did not violate Regulation 10(n) when the exporter was later found non-existent, and accordingly allowed the appeal against license revocation and security deposit forfeiture.
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