ESOP expenditure allowed as FMV difference; long-term capital gain issue sent back for collector rate determination; deferred income additions disallo...
Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
A customs office issued a notice directing importers, customs brokers and stakeholders to self-assess correctly and upload complete, legible supporting documents in the electronic repository and link them to Bills of Entry to expedite faceless assessment. It highlights frequent omissions (purchase orders, freight invoices, remittance proofs, licenses, EPR authorizations, technical data, manufacturer details) that prompt queries and delays, and provides item-specific declaration advice (electrical parameters, antidumping manufacturer info). It requires compliance with exemption conditions, registrations (BIS, MTCTE, WPC, LMPC), monitoring requirements and exhaustive query responses; the listed documents are illustrative, not exhaustive.
A customs office issued a notice directing importers, customs brokers and stakeholders to self-assess correctly and upload complete, legible supporting documents in the electronic repository and link them to Bills of Entry to expedite faceless assessment. It highlights frequent omissions (purchase orders, freight invoices, remittance proofs, licenses, EPR authorizations, technical data, manufacturer details) that prompt queries and delays, and provides item-specific declaration advice (electrical parameters, antidumping manufacturer info). It requires compliance with exemption conditions, registrations (BIS, MTCTE, WPC, LMPC), monitoring requirements and exhaustive query responses; the listed documents are illustrative, not exhaustive.
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