Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
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CESTAT adjudicated a customs export scheme dispute involving penalty provisions under sections 114(iii) and 114AA of the Customs Act, 1962. The tribunal ruled that statements recorded under section 108 cannot be considered admissible evidence under section 138B without proper cross-examination procedures. The tribunal found the penalty imposition against the parties was unsupported by substantive evidence, specifically rejecting statements recorded without procedural safeguards. Consequently, the tribunal allowed the appeal, effectively quashing the penalties imposed on the exporters for alleged improper diversion of goods under the Focus Market Scheme.
CESTAT adjudicated a customs export scheme dispute involving penalty provisions under sections 114(iii) and 114AA of the Customs Act, 1962. The tribunal ruled that statements recorded under section 108 cannot be considered admissible evidence under section 138B without proper cross-examination procedures. The tribunal found the penalty imposition against the parties was unsupported by substantive evidence, specifically rejecting statements recorded without procedural safeguards. Consequently, the tribunal allowed the appeal, effectively quashing the penalties imposed on the exporters for alleged improper diversion of goods under the Focus Market Scheme.
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