Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Proceedings for revocation of a customs broker licence were held time-barred because the show cause notice was issued beyond the mandatory 90-day period from receipt of the offence report under Regulation 17(1) of CBLR 2018, vitiating the action at the threshold and requiring the order to be set aside. On merits, no breach of Regulations 10(e) and 10(n) was found since statutory KYC was obtained and verified from official portals and the broker had undertaken no clearance activity (no Bill of Entry filed) as goods were intercepted prior to transhipment, negating any due-diligence lapse. Consequently, revocation, security forfeiture and penalty were held disproportionate and were quashed, with direction to restore the licence. - CESTAT
Proceedings for revocation of a customs broker licence were held time-barred because the show cause notice was issued beyond the mandatory 90-day period from receipt of the offence report under Regulation 17(1) of CBLR 2018, vitiating the action at the threshold and requiring the order to be set aside. On merits, no breach of Regulations 10(e) and 10(n) was found since statutory KYC was obtained and verified from official portals and the broker had undertaken no clearance activity (no Bill of Entry filed) as goods were intercepted prior to transhipment, negating any due-diligence lapse. Consequently, revocation, security forfeiture and penalty were held disproportionate and were quashed, with direction to restore the licence. - CESTAT
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