NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
The AAR held that the applicant's AC-DC power modules and DC-DC converter power modules are classifiable under CTH 8504 as static converters. AC-DC power modules are specifically classifiable under CTI 8504 4029 as "other rectifiers," while DC-DC converter power modules fall under CTI 8504 4090 as "other static converters," applying GRI 1, Section Note 2(a) to Section XVI and HSN Explanatory Notes. As the DC-DC converter modules are used in PCBAs for wi-fi receivers, wi-fi transmitters, up-link cards and data-center switches, they qualify as static converters for telecommunication apparatus (other than cellular mobile phones). Accordingly, the AAR ruled that the subject goods are covered by Sl. No. 4 of Notif. No. 25/2005-Cus and are eligible for nil customs duty.
The AAR held that the applicant's AC-DC power modules and DC-DC converter power modules are classifiable under CTH 8504 as static converters. AC-DC power modules are specifically classifiable under CTI 8504 4029 as "other rectifiers," while DC-DC converter power modules fall under CTI 8504 4090 as "other static converters," applying GRI 1, Section Note 2(a) to Section XVI and HSN Explanatory Notes. As the DC-DC converter modules are used in PCBAs for wi-fi receivers, wi-fi transmitters, up-link cards and data-center switches, they qualify as static converters for telecommunication apparatus (other than cellular mobile phones). Accordingly, the AAR ruled that the subject goods are covered by Sl. No. 4 of Notif. No. 25/2005-Cus and are eligible for nil customs duty.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
