International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Allegations of undervaluation and misdeclaration of imported LED TVs as unbranded were rejected because the panchnama showed brand stickers only on certain LED panels while other parts lacked branding, and branding of a component could not legally convert the entire TV into a branded product; hence rejection of declared value on this ground was unsustainable. Reliance on computer printouts/retrieved data was inadmissible as the mandatory conditions for electronic evidence under Section 138C were not complied with, leaving the allegations unproved; consequently, re-determination of value was set aside. For drywall screws, absence of contemporaneous examination and comparison with invoices from different financial years and unrelated parties rendered the valuation exercise presumptive; therefore, revaluation was quashed and the appeal was allowed. - CESTAT
Allegations of undervaluation and misdeclaration of imported LED TVs as unbranded were rejected because the panchnama showed brand stickers only on certain LED panels while other parts lacked branding, and branding of a component could not legally convert the entire TV into a branded product; hence rejection of declared value on this ground was unsustainable. Reliance on computer printouts/retrieved data was inadmissible as the mandatory conditions for electronic evidence under Section 138C were not complied with, leaving the allegations unproved; consequently, re-determination of value was set aside. For drywall screws, absence of contemporaneous examination and comparison with invoices from different financial years and unrelated parties rendered the valuation exercise presumptive; therefore, revaluation was quashed and the appeal was allowed. - CESTAT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4823 
Join Channel 
