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...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The CESTAT upheld the classification of the export goods as 'Natural Garnet' under Customs Tariff Heading 2513 2030 and affirmed the applicability of DGFT Notification No. 26/2015-20, which canalises Garnet exports exclusively through a designated agency due to national security concerns. The appellant's attempt to circumvent these restrictions by misdeclaring the goods was rejected. Expert analysis confirmed the material as Garnet, and the appellant failed to challenge the test reports or seek proper re-testing procedures. Consequently, the imposition of a redemption fine of Rs. 10,00,000 and a penalty of Rs. 42,00,000 was upheld. The appeal was dismissed for non-compliance with statutory export controls and failure to justify the contravention of canalisation provisions.
The CESTAT upheld the classification of the export goods as 'Natural Garnet' under Customs Tariff Heading 2513 2030 and affirmed the applicability of DGFT Notification No. 26/2015-20, which canalises Garnet exports exclusively through a designated agency due to national security concerns. The appellant's attempt to circumvent these restrictions by misdeclaring the goods was rejected. Expert analysis confirmed the material as Garnet, and the appellant failed to challenge the test reports or seek proper re-testing procedures. Consequently, the imposition of a redemption fine of Rs. 10,00,000 and a penalty of Rs. 42,00,000 was upheld. The appeal was dismissed for non-compliance with statutory export controls and failure to justify the contravention of canalisation provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
