Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
CESTAT allowed the appeal of the anonymized importer and set aside the impugned order enhancing customs valuation of imported water purifier spare parts. The Tribunal held that the goods were assessed by Customs (not self-assessed), and subsequent investigation leading to rejection of the declared transaction value and enhancement based solely on NIDB data was unlawful. As there was no allegation or evidence attracting any exclusion under Rule 3 of the Customs Valuation Rules, the declared transaction value had to be accepted. The Tribunal held that transaction value cannot be discarded without cogent evidence and NIDB data cannot be directly applied for enhancement of value.
CESTAT allowed the appeal of the anonymized importer and set aside the impugned order enhancing customs valuation of imported water purifier spare parts. The Tribunal held that the goods were assessed by Customs (not self-assessed), and subsequent investigation leading to rejection of the declared transaction value and enhancement based solely on NIDB data was unlawful. As there was no allegation or evidence attracting any exclusion under Rule 3 of the Customs Valuation Rules, the declared transaction value had to be accepted. The Tribunal held that transaction value cannot be discarded without cogent evidence and NIDB data cannot be directly applied for enhancement of value.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
