Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
AAR held that Thermal Printer Ribbons (TPRs) are not specifically covered under any heading of Chapters 84 or 85 as independent goods, nor do they fall under Heading 9612, which covers inked typewriter or similar ribbons giving impressions by impact. Applying Section Note 2(b) to Section XVI, AAR found that TPRs are parts suitable for use solely/principally with thermal printers, which are classifiable under Heading 8443 as printers connectable to automatic data processing machines. Consequently, TPRs are classifiable as "parts and accessories" of such printers under CTH 8443, sub-heading 8443 99, and more specifically under Tariff Item 8443 99 59 - "Other."
AAR held that Thermal Printer Ribbons (TPRs) are not specifically covered under any heading of Chapters 84 or 85 as independent goods, nor do they fall under Heading 9612, which covers inked typewriter or similar ribbons giving impressions by impact. Applying Section Note 2(b) to Section XVI, AAR found that TPRs are parts suitable for use solely/principally with thermal printers, which are classifiable under Heading 8443 as printers connectable to automatic data processing machines. Consequently, TPRs are classifiable as "parts and accessories" of such printers under CTH 8443, sub-heading 8443 99, and more specifically under Tariff Item 8443 99 59 - "Other."
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