Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
The Appellant's classification of imported multimedia speakers under CTH 8518 was affirmed and the impugned reclassification to CTH 85279100 set aside; the CESTAT held that multimedia speakers with ancillary USB/SD/MMC playback and/or FM radio features fall within Chapter Heading 8518, consistent with prior tribunal and high court authorities, and that MRP-based valuation is inapplicable to such classification. Consequently, the assessment order ordering reclassification was held unsustainable, the assessment set aside, and the appeal allowed, resulting in confirmation of the Appellant's original tariff treatment and corresponding relief from the contested levy.
The Appellant's classification of imported multimedia speakers under CTH 8518 was affirmed and the impugned reclassification to CTH 85279100 set aside; the CESTAT held that multimedia speakers with ancillary USB/SD/MMC playback and/or FM radio features fall within Chapter Heading 8518, consistent with prior tribunal and high court authorities, and that MRP-based valuation is inapplicable to such classification. Consequently, the assessment order ordering reclassification was held unsustainable, the assessment set aside, and the appeal allowed, resulting in confirmation of the Appellant's original tariff treatment and corresponding relief from the contested levy.
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