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...
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The CESTAT held that imported multimedia speakers with ancillary functions (USB/SD/MMC playback and/or FM radio) are correctly classifiable under CTH 8518. It found the classification issue no longer res integra, following consistent Tribunal and HC precedent. Consequently, the Revenue's attempt to reclassify the goods under CTH 8527 9100 was rejected. As CTH 8518 does not attract MRP-based valuation, the basis for alleging non-declaration or suppression/reduction of MRP/RSP failed. The reclassification, demand of differential duty, and connected proceedings were set aside, and the appeal was allowed.
The CESTAT held that imported multimedia speakers with ancillary functions (USB/SD/MMC playback and/or FM radio) are correctly classifiable under CTH 8518. It found the classification issue no longer res integra, following consistent Tribunal and HC precedent. Consequently, the Revenue's attempt to reclassify the goods under CTH 8527 9100 was rejected. As CTH 8518 does not attract MRP-based valuation, the basis for alleging non-declaration or suppression/reduction of MRP/RSP failed. The reclassification, demand of differential duty, and connected proceedings were set aside, and the appeal was allowed.
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