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...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
Primary issue: propriety of conditions for provisional release where investigation, sampling and testing (including absence of Textile Committee opinion and incomplete parameter testing) and valuation were challenged; Tribunal found investigative and testing gaps and that the goods are not intrinsically prohibited and the importer is established, so harsh, impracticable conditions are inappropriate - result: conditions modified rather than quashed. Secondary issue: adequacy of safeguard for Revenue given alleged mis-declaration and possible misuse of AEO status; Tribunal held Revenue's concern merits security, directing a bond for full value and a bank guarantee equal to 30% of estimated duty, while all other release conditions remain intact and goods are to be released within two weeks. - CESTAT
Primary issue: propriety of conditions for provisional release where investigation, sampling and testing (including absence of Textile Committee opinion and incomplete parameter testing) and valuation were challenged; Tribunal found investigative and testing gaps and that the goods are not intrinsically prohibited and the importer is established, so harsh, impracticable conditions are inappropriate - result: conditions modified rather than quashed. Secondary issue: adequacy of safeguard for Revenue given alleged mis-declaration and possible misuse of AEO status; Tribunal held Revenue's concern merits security, directing a bond for full value and a bank guarantee equal to 30% of estimated duty, while all other release conditions remain intact and goods are to be released within two weeks. - CESTAT
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