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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 AAAR determined that Aluminium Composite Panels/Sheets are properly classified under HSN 7606, not under HSN 3920 or HSN 7610. Applying Rule 3(b) of the General Rules for Interpretation of Tariff, the Central Member concluded that the goods fall under Chapter 76 since aluminum gives the essential character to the ACPs. The contending Heading 7610 was ruled out as the subject goods are not aluminum structures or parts of structures. Following CESTAT precedent in Commissioner of Customs (Imports) Chennai Vs ICP India Pvt. Ltd., the panels were determined to be classifiable under Heading 7606 with an applicable GST rate of 18%.
The AAAR determined that Aluminium Composite Panels/Sheets are properly classified under HSN 7606, not under HSN 3920 or HSN 7610. Applying Rule 3(b) of the General Rules for Interpretation of Tariff, the Central Member concluded that the goods fall under Chapter 76 since aluminum gives the essential character to the ACPs. The contending Heading 7610 was ruled out as the subject goods are not aluminum structures or parts of structures. Following CESTAT precedent in Commissioner of Customs (Imports) Chennai Vs ICP India Pvt. Ltd., the panels were determined to be classifiable under Heading 7606 with an applicable GST rate of 18%.
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