Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
CESTAT dismissed the Revenue's appeal challenging the enhancement of imported goods' transaction value. The Tribunal held that unilateral value enhancement based solely on selective National Import Database (NIDB) data without adhering to statutory provisions is legally unsustainable. Relying on precedent in a prior case involving similar circumstances, the Tribunal found no valid grounds to modify the original declared transaction value, thereby upholding the importer's valuation and rejecting the Revenue's appeal without merit.
CESTAT dismissed the Revenue's appeal challenging the enhancement of imported goods' transaction value. The Tribunal held that unilateral value enhancement based solely on selective National Import Database (NIDB) data without adhering to statutory provisions is legally unsustainable. Relying on precedent in a prior case involving similar circumstances, the Tribunal found no valid grounds to modify the original declared transaction value, thereby upholding the importer's valuation and rejecting the Revenue's appeal without merit.
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