Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
CESTAT order addressing classification of Rubber Process Oil (RPO) and customs duty implications. The Tribunal found the original order legally unsustainable due to lack of specific chemical test evidence and improper rejection of in-house test reports. The key determination hinged on aromatic constituent percentages for tariff classification. The impugned order invoking extended limitation period under Section 28(4) of Customs Act was set aside. The Tribunal partially allowed the appeal, directing re-examination of RPO classification based on aromatic content, with differential duty demands upheld where appellants previously accepted classification under CTI 2713 9000. The decision emphasizes procedural fairness and evidentiary requirements in customs classification disputes.
CESTAT order addressing classification of Rubber Process Oil (RPO) and customs duty implications. The Tribunal found the original order legally unsustainable due to lack of specific chemical test evidence and improper rejection of in-house test reports. The key determination hinged on aromatic constituent percentages for tariff classification. The impugned order invoking extended limitation period under Section 28(4) of Customs Act was set aside. The Tribunal partially allowed the appeal, directing re-examination of RPO classification based on aromatic content, with differential duty demands upheld where appellants previously accepted classification under CTI 2713 9000. The decision emphasizes procedural fairness and evidentiary requirements in customs classification disputes.
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