Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
CESTAT adjudicated a customs seizure case involving gold bars transported between cities. The tribunal found the seizure invalid due to lack of substantive evidence. Key determinations included: (1) the primary statement constituted hearsay testimony, (2) no corroborative documentation established smuggling, and (3) the revenue authority failed to demonstrate reasonable belief under Section 110 of the Customs Act. The tribunal rejected revenue's arguments regarding tax invoice dates and procedural objections. Consequently, the tribunal sustained the Commissioner (Appeals) order, dismissing the revenue's appeal and nullifying the original confiscation and penalty orders against the individual.
CESTAT adjudicated a customs seizure case involving gold bars transported between cities. The tribunal found the seizure invalid due to lack of substantive evidence. Key determinations included: (1) the primary statement constituted hearsay testimony, (2) no corroborative documentation established smuggling, and (3) the revenue authority failed to demonstrate reasonable belief under Section 110 of the Customs Act. The tribunal rejected revenue's arguments regarding tax invoice dates and procedural objections. Consequently, the tribunal sustained the Commissioner (Appeals) order, dismissing the revenue's appeal and nullifying the original confiscation and penalty orders against the individual.
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