Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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...
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The HC held that the seized gold chain, weighing 132 grams with high purity, is a used personal effect worn by the petitioner, an eligible passenger under the Baggage Rules, 2016. The detention was unlawful as the Customs Department failed to issue a valid show cause notice or provide an opportunity for personal hearing per Section 124 of the Customs Act, 1962, relying instead on a pre-printed waiver. The court recognized settled law that worn jewellery by passengers, especially foreign visitors, falls within personal effects exempt from detention. Consequently, the petitioner's gold chain shall be released for re-export upon payment of 50% warehouse charges. The petitioner is directed to collect the chain from Customs on a specified date prior to her visa expiry. The petition is disposed of accordingly.
The HC held that the seized gold chain, weighing 132 grams with high purity, is a used personal effect worn by the petitioner, an eligible passenger under the Baggage Rules, 2016. The detention was unlawful as the Customs Department failed to issue a valid show cause notice or provide an opportunity for personal hearing per Section 124 of the Customs Act, 1962, relying instead on a pre-printed waiver. The court recognized settled law that worn jewellery by passengers, especially foreign visitors, falls within personal effects exempt from detention. Consequently, the petitioner's gold chain shall be released for re-export upon payment of 50% warehouse charges. The petitioner is directed to collect the chain from Customs on a specified date prior to her visa expiry. The petition is disposed of accordingly.
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