Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
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CESTAT partially allowed the appeals concerning EPCG Authorization and customs duty. The tribunal upheld the demand of customs duty with interest for non-fulfillment of exemption notification requirements. However, the tribunal set aside penalties under sections 114A and 112(a)(ii) of the Customs Act, and quashed confiscation orders under sections 111(j) and 111(o). The duty demand of Rs. 18,69,140/- with interest was also set aside, finding no intentional suppression of material facts to evade duty payment. The extended period of limitation was deemed inappropriate, and the commissioner's order was modified accordingly.
CESTAT partially allowed the appeals concerning EPCG Authorization and customs duty. The tribunal upheld the demand of customs duty with interest for non-fulfillment of exemption notification requirements. However, the tribunal set aside penalties under sections 114A and 112(a)(ii) of the Customs Act, and quashed confiscation orders under sections 111(j) and 111(o). The duty demand of Rs. 18,69,140/- with interest was also set aside, finding no intentional suppression of material facts to evade duty payment. The extended period of limitation was deemed inappropriate, and the commissioner's order was modified accordingly.
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