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...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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CESTAT allowed the appeal and set aside the Commissioner of Customs (Appeals) order regarding absolute confiscation of imported Light Melting Steel Scrap. The appellant failed to furnish Pre-Shipment Inspection Certificate (PSIC) as mandated under para 2.51 of Handbook of Procedure under Foreign Trade Policy, 2023, in compliance with Board Circular No. 48/2016 and DGFT Trade Notice No. 19/2017. CESTAT held that examination of imported goods with adequate precaution was necessary for safety purposes, as possibilities of explosion endangering customs officials could not be ruled out. The tribunal emphasized that proper examination would ensure safety and enable the proper officer to determine whether goods were fit for home consumption or required re-export, thereby overturning the absolute confiscation order.
CESTAT allowed the appeal and set aside the Commissioner of Customs (Appeals) order regarding absolute confiscation of imported Light Melting Steel Scrap. The appellant failed to furnish Pre-Shipment Inspection Certificate (PSIC) as mandated under para 2.51 of Handbook of Procedure under Foreign Trade Policy, 2023, in compliance with Board Circular No. 48/2016 and DGFT Trade Notice No. 19/2017. CESTAT held that examination of imported goods with adequate precaution was necessary for safety purposes, as possibilities of explosion endangering customs officials could not be ruled out. The tribunal emphasized that proper examination would ensure safety and enable the proper officer to determine whether goods were fit for home consumption or required re-export, thereby overturning the absolute confiscation order.
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