Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
The Enforcement Directorate's Ranchi unit attached 10 immovable properties valued at Rs 15.41 crore in Kolkata and Howrah under the PMLA, bringing total attachments in a GST input tax credit fraud probe to about Rs 20.70 crore. The investigation, triggered by a DG-GST Intelligence complaint, alleges a syndicate used multiple shell companies across Jharkhand, West Bengal and Odisha to generate bogus GST invoices documenting ITC of roughly Rs 794 crore, sold the forged credits to end-users for commissions of about Rs 67 crore, and laundered proceeds by purchasing assets in relatives' and associates' names; four accused have been arrested.
The Enforcement Directorate's Ranchi unit attached 10 immovable properties valued at Rs 15.41 crore in Kolkata and Howrah under the PMLA, bringing total attachments in a GST input tax credit fraud probe to about Rs 20.70 crore. The investigation, triggered by a DG-GST Intelligence complaint, alleges a syndicate used multiple shell companies across Jharkhand, West Bengal and Odisha to generate bogus GST invoices documenting ITC of roughly Rs 794 crore, sold the forged credits to end-users for commissions of about Rs 67 crore, and laundered proceeds by purchasing assets in relatives' and associates' names; four accused have been arrested.
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