Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
Reversal of input tax credit in proportion to exempt supply: specificity of show-cause notice required; order set aside, fresh proceedings allowed wit...
AAR held that imported chip ferrite beads, though physically incorporated in PCBAs of wi-fi receivers, transmitters, data centre switches and up-link cards, are not classifiable as "ferrite cores" under heading 8505 1110 nor as "parts" of telecommunication apparatus under heading 8517. On examining their construction (coil structure) and principal function (inductance-based noise suppression via self-induction), AAR found them functionally akin to inductors. Applying Rule 1 of the General Rules for Interpretation and HSN Explanatory Notes to heading 8504, AAR ruled that the goods are correctly classifiable under CTI 8504 5090 of the Customs Tariff Act, 1975.
AAR held that imported chip ferrite beads, though physically incorporated in PCBAs of wi-fi receivers, transmitters, data centre switches and up-link cards, are not classifiable as "ferrite cores" under heading 8505 1110 nor as "parts" of telecommunication apparatus under heading 8517. On examining their construction (coil structure) and principal function (inductance-based noise suppression via self-induction), AAR found them functionally akin to inductors. Applying Rule 1 of the General Rules for Interpretation and HSN Explanatory Notes to heading 8504, AAR ruled that the goods are correctly classifiable under CTI 8504 5090 of the Customs Tariff Act, 1975.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
