Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
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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