Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
CESTAT allowed appeals by 100% EOU regarding duty exemption on raw material procurement. The tribunal held that clearance of goods to Domestic Tariff Area requires payment of customs duties, which can be fulfilled by utilizing SFIS scrips as per Foreign Trade Policy. The appellants' utilization of duty credit scrips for excise duty payment was deemed legally valid. The impugned order dated 30.04.2012 was set aside, effectively granting relief to the appellants by recognizing their duty payment mechanism through scrip utilization as compliant with applicable legal provisions.
CESTAT allowed appeals by 100% EOU regarding duty exemption on raw material procurement. The tribunal held that clearance of goods to Domestic Tariff Area requires payment of customs duties, which can be fulfilled by utilizing SFIS scrips as per Foreign Trade Policy. The appellants' utilization of duty credit scrips for excise duty payment was deemed legally valid. The impugned order dated 30.04.2012 was set aside, effectively granting relief to the appellants by recognizing their duty payment mechanism through scrip utilization as compliant with applicable legal provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
