Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
Section 18A permits voluntary post-clearance revision of customs entries under newly notified regulations, enabling importers/exporters to file an electronic revision (or revision-cum-refund) at the port of original clearance, obtain an ARN, pay any additional duty with interest (no penalty), and receive a Revised Entry Reference. Revisions follow a self-assessment route, may be verified or re-assessed by designated proper officers, and refunds are processed via the revised entry. Revisions are ineligible where audits, searches, seizures, investigations have been initiated or where reassessments under sections 17, 18 or 84 have occurred. A Rs.1,000 filing fee applies and an electronic eligibility declaration is required.
Section 18A permits voluntary post-clearance revision of customs entries under newly notified regulations, enabling importers/exporters to file an electronic revision (or revision-cum-refund) at the port of original clearance, obtain an ARN, pay any additional duty with interest (no penalty), and receive a Revised Entry Reference. Revisions follow a self-assessment route, may be verified or re-assessed by designated proper officers, and refunds are processed via the revised entry. Revisions are ineligible where audits, searches, seizures, investigations have been initiated or where reassessments under sections 17, 18 or 84 have occurred. A Rs.1,000 filing fee applies and an electronic eligibility declaration is required.
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