Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
HC considered a challenge to the Settlement Commission's order on misdeclaration of imported broadcasting equipment as "demo" goods routed through a Free Trade & Warehousing Zone. HC held the misdeclaration intentional and upheld the Commission's jurisdiction and finding of liability, including the substantial customs duty of about Rs. 9.73 crore already paid. However, HC found that the benefit of misdeclaration was for the importing company, not its directors individually. Accordingly, HC quashed the personal penalties on the directors and reduced the company's penalty to Rs. 50 lakh, adjusting Rs. 25 lakh already paid, directing deposit of the balance within three months, and quashing all remaining penalties.
HC considered a challenge to the Settlement Commission's order on misdeclaration of imported broadcasting equipment as "demo" goods routed through a Free Trade & Warehousing Zone. HC held the misdeclaration intentional and upheld the Commission's jurisdiction and finding of liability, including the substantial customs duty of about Rs. 9.73 crore already paid. However, HC found that the benefit of misdeclaration was for the importing company, not its directors individually. Accordingly, HC quashed the personal penalties on the directors and reduced the company's penalty to Rs. 50 lakh, adjusting Rs. 25 lakh already paid, directing deposit of the balance within three months, and quashing all remaining penalties.
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