PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Page of 4826
Press 'Enter' after typing page number.
1 to 20 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT allowed the appeal of M/s X against customs demand under the EPCG scheme, holding that issuance of EODCs by DGFT was determinative of fulfilment of export obligation for the three imported cars. The Bench distinguished the Surya Samudra precedent, noting that, unlike in that case, the vehicles were not transferred and remained with the appellant, and that registration as commercial vehicles was not a pre-condition under the relevant notification for imports made in 2001-2003. CESTAT accepted that foreign exchange earned from tour and travel-related services, including commissions and fees, satisfied the export obligation, supported by logbooks evidencing tourism use of the cars. As the Department produced no contrary evidence, the impugned order was set aside and all consequential demands and penalties were quashed.
CESTAT allowed the appeal of M/s X against customs demand under the EPCG scheme, holding that issuance of EODCs by DGFT was determinative of fulfilment of export obligation for the three imported cars. The Bench distinguished the Surya Samudra precedent, noting that, unlike in that case, the vehicles were not transferred and remained with the appellant, and that registration as commercial vehicles was not a pre-condition under the relevant notification for imports made in 2001-2003. CESTAT accepted that foreign exchange earned from tour and travel-related services, including commissions and fees, satisfied the export obligation, supported by logbooks evidencing tourism use of the cars. As the Department produced no contrary evidence, the impugned order was set aside and all consequential demands and penalties were quashed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
Join Channel 
