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...
Goods imported for manufacture of a combo power unit classifiable under heading 8504 were examined to determine whether they qualify as "parts" of that machine or require independent classification under their specific tariff headings applying GRI 1 and Note 2(a) to Section XVI. Since each item is covered by a specific heading, Note 2(a) mandated classification in its own heading rather than as parts of the combo unit. Accordingly, copper cables were classified under 8544, capacitors under 8532, ceramic gap pads under 8547, connectors/fuses/relays under 8536, inductors/transformers under 8504, and MOSFETs/transistors under 8541; confidentiality protection was granted. - AAR
Goods imported for manufacture of a combo power unit classifiable under heading 8504 were examined to determine whether they qualify as "parts" of that machine or require independent classification under their specific tariff headings applying GRI 1 and Note 2(a) to Section XVI. Since each item is covered by a specific heading, Note 2(a) mandated classification in its own heading rather than as parts of the combo unit. Accordingly, copper cables were classified under 8544, capacitors under 8532, ceramic gap pads under 8547, connectors/fuses/relays under 8536, inductors/transformers under 8504, and MOSFETs/transistors under 8541; confidentiality protection was granted. - AAR
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