Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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...
CESTAT allowed the appeal, holding that the fabricated car-carrier trailers, when mounted on duty-paid chassis supplied by customers and registered as complete vehicles, constitute motor vehicles for the transport of goods classifiable under Heading 8704. The Tribunal found that mounting of the fabricated body on the chassis results in manufacture such that the goods cleared from the factory are the whole vehicle; classification must consider the condition of clearance. Consequently, the appellants satisfied the conditions of the exemption notifications (use of duty-paid chassis with no cenvat credit), entitling them to relief. Impugned orders denying exemption were set aside and appeals allowed with consequential relief.
CESTAT allowed the appeal, holding that the fabricated car-carrier trailers, when mounted on duty-paid chassis supplied by customers and registered as complete vehicles, constitute motor vehicles for the transport of goods classifiable under Heading 8704. The Tribunal found that mounting of the fabricated body on the chassis results in manufacture such that the goods cleared from the factory are the whole vehicle; classification must consider the condition of clearance. Consequently, the appellants satisfied the conditions of the exemption notifications (use of duty-paid chassis with no cenvat credit), entitling them to relief. Impugned orders denying exemption were set aside and appeals allowed with consequential relief.
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