Transfer pricing comparables selection and working capital adjustment u/r 10B(1)(e)(iii), remanded for recomputation with rejected comparables include...
Classification of imported multimedia speakers lacking additional functionalities (e.g., USB playback, FM radio) was determined by applying the binding departmental clarification in CBEC Circular No. 27/2013-Cus., which specifies that such speakers fall under CTH 8518. As the importer failed to produce evidence that the goods possessed any additional features warranting classification under CTH 85279100, the re-assessment under CTH 85182200 was held correct on the documentary record. Consequently, the re-classification orders were affirmed and the appeal was dismissed. - CESTAT
Classification of imported multimedia speakers lacking additional functionalities (e.g., USB playback, FM radio) was determined by applying the binding departmental clarification in CBEC Circular No. 27/2013-Cus., which specifies that such speakers fall under CTH 8518. As the importer failed to produce evidence that the goods possessed any additional features warranting classification under CTH 85279100, the re-assessment under CTH 85182200 was held correct on the documentary record. Consequently, the re-classification orders were affirmed and the appeal was dismissed. - CESTAT
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