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Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The CESTAT upheld the imposition of penalties on the appellant CHA under Sections 112, 114, and 114AA of the Customs Act, 1962, rejecting the appellant's claim of lack of mens rea regarding the mis-declared and overvalued consignment. The Tribunal found no violation of natural justice as additional submissions were considered in the impugned order. The appellant failed to produce the importer or proprietor despite summons and submitted misleading information about delivery of summons. The appellant lacked authorization to receive KYC documents, which were found to be incorrect and unverifiable. Consequently, the Tribunal concluded there was no error apparent on the face of the record and dismissed the rectification application.
The CESTAT upheld the imposition of penalties on the appellant CHA under Sections 112, 114, and 114AA of the Customs Act, 1962, rejecting the appellant's claim of lack of mens rea regarding the mis-declared and overvalued consignment. The Tribunal found no violation of natural justice as additional submissions were considered in the impugned order. The appellant failed to produce the importer or proprietor despite summons and submitted misleading information about delivery of summons. The appellant lacked authorization to receive KYC documents, which were found to be incorrect and unverifiable. Consequently, the Tribunal concluded there was no error apparent on the face of the record and dismissed the rectification application.
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