Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
CESTAT adjudicated an EPCG license dispute concerning export obligation fulfillment. The tribunal found that the DGFT had already certified partial and subsequent full export obligation achievement by the appellant. Despite initial departmental allegations of non-compliance, the DGFT's subsequent certification conclusively established export obligation completion. The tribunal relied on established precedent, determining that DGFT remains the competent authority for evaluating export obligation policy compliance. Consequently, the tribunal set aside customs duty demands, interest, and penalties imposed against the appellant, ruling the departmental action legally unsustainable. The decision effectively validated the appellant's export performance and nullified punitive measures.
CESTAT adjudicated an EPCG license dispute concerning export obligation fulfillment. The tribunal found that the DGFT had already certified partial and subsequent full export obligation achievement by the appellant. Despite initial departmental allegations of non-compliance, the DGFT's subsequent certification conclusively established export obligation completion. The tribunal relied on established precedent, determining that DGFT remains the competent authority for evaluating export obligation policy compliance. Consequently, the tribunal set aside customs duty demands, interest, and penalties imposed against the appellant, ruling the departmental action legally unsustainable. The decision effectively validated the appellant's export performance and nullified punitive measures.
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