Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
CESTAT allowed the appeal and set aside the impugned orders. The Tribunal held that the license payments made to the software supplier were not includible in the transaction value of the imported CDs under rule 9(1)(c) read with the 1988 Valuation Rules because the four statutory conditions were not satisfied: the fees were not related to the physical import, were not payable as a condition of import, were post-importation/licence conversion payments, and were not excluded from the price paid for the goods. Consequently, rejection of the declared value under rule 10A, imposition of differential duty with interest, and penalties under section 112(a) were unwarranted and quashed.
CESTAT allowed the appeal and set aside the impugned orders. The Tribunal held that the license payments made to the software supplier were not includible in the transaction value of the imported CDs under rule 9(1)(c) read with the 1988 Valuation Rules because the four statutory conditions were not satisfied: the fees were not related to the physical import, were not payable as a condition of import, were post-importation/licence conversion payments, and were not excluded from the price paid for the goods. Consequently, rejection of the declared value under rule 10A, imposition of differential duty with interest, and penalties under section 112(a) were unwarranted and quashed.
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