Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Broker trading-system "technical glitch" redefinition and narrowed incident-reporting regime for large IBT/STWT brokers requiring 2-hr notice and 14-w...
Imported inductors intended for use in manufacturing telecommunication equipment were held to have a specific tariff heading under Ch. 85; applying GRI 1 and Note 2(a) to Section XVI, they were classified as "other inductors" under CTI 85045090 (not choke coils), rendering classification as parts under any alternative heading unnecessary. The nil BCD exemption under Sl. No. 5 of N/N. 25/2005-Cus was denied because the entry covers "other inductors for power supply" of ADPM/telecommunication apparatus, whereas the goods were for PCBA within telecommunication devices, not for power supply units; applying strict interpretation of exemptions, benefit was refused and merit duty held payable. - AAR
Imported inductors intended for use in manufacturing telecommunication equipment were held to have a specific tariff heading under Ch. 85; applying GRI 1 and Note 2(a) to Section XVI, they were classified as "other inductors" under CTI 85045090 (not choke coils), rendering classification as parts under any alternative heading unnecessary. The nil BCD exemption under Sl. No. 5 of N/N. 25/2005-Cus was denied because the entry covers "other inductors for power supply" of ADPM/telecommunication apparatus, whereas the goods were for PCBA within telecommunication devices, not for power supply units; applying strict interpretation of exemptions, benefit was refused and merit duty held payable. - AAR
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