Appeal allows marketing payments as deductible business expenses under Sec.37; director pay retained; R&D deductible from certificate date under Sec.3...
Registration under s.12AB upheld; CIT(Exemptions) exceeded jurisdiction by deciding taxability instead of preliminary verification and registration di...
CESTAT affirmed the adjudicating order denying refund of rubber cess paid under protest on imported natural rubber, holding that additional duty under s.3(1) of the CETA (CVD) is leviable to the extent equal to the cess imposed under s.12 of the Rubber Act, 1947. The Tribunal applied binding precedent, including a Larger Bench decision, and concluded there was no reason to depart from that ratio. Consequently, the appellant's refund claims were held unsustainable and the appeals were dismissed for being devoid of merit.
CESTAT affirmed the adjudicating order denying refund of rubber cess paid under protest on imported natural rubber, holding that additional duty under s.3(1) of the CETA (CVD) is leviable to the extent equal to the cess imposed under s.12 of the Rubber Act, 1947. The Tribunal applied binding precedent, including a Larger Bench decision, and concluded there was no reason to depart from that ratio. Consequently, the appellant's refund claims were held unsustainable and the appeals were dismissed for being devoid of merit.
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