Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
HC granted provisional release of seized LED lighting consignment under Section 110A of Customs Act, 1962, despite undervaluation allegations and non-compliance with BIS standards. The court exercised discretionary power to release goods upon petitioner providing appropriate bond and security, recognizing the adjudicating authority's latitude in imposing conditions. The ruling affirms that provisional release is permissible when adequate safeguards are established, balancing enforcement interests with procedural flexibility in customs proceedings. Petition was allowed with specific conditional terms for goods' release.
HC granted provisional release of seized LED lighting consignment under Section 110A of Customs Act, 1962, despite undervaluation allegations and non-compliance with BIS standards. The court exercised discretionary power to release goods upon petitioner providing appropriate bond and security, recognizing the adjudicating authority's latitude in imposing conditions. The ruling affirms that provisional release is permissible when adequate safeguards are established, balancing enforcement interests with procedural flexibility in customs proceedings. Petition was allowed with specific conditional terms for goods' release.
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