Revisability of return invalidation communications under tax procedure affirmed, impugned non revisional finding quashed and matter remitted for fresh...
Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Page of 4814
Press 'Enter' after typing page number.
6461 to 6480 of 96262 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Dispute concerns classification of imported salvaged/broken...
Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classification.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Dispute concerns classification of imported salvaged/broken shaft pieces and whether re-classification and recovery of differential duty was time-barred and justified by alleged suppression. The commercial invoice and SAFTA certificate declared the goods as parts of ship under CTH 7326 9090, and the goods, after salvage, lost original identity and assumed character of iron and steel ship parts, meriting classification under that heading; consequently the proposed change lacked sustainable reasons. There was no evidence of concealment warranting extended limitation; matter was revenue neutral. The impugned reassessment was set aside and the appeal allowed.
Dispute concerns classification of imported salvaged/broken shaft pieces and whether re-classification and recovery of differential duty was time-barred and justified by alleged suppression. The commercial invoice and SAFTA certificate declared the goods as parts of ship under CTH 7326 9090, and the goods, after salvage, lost original identity and assumed character of iron and steel ship parts, meriting classification under that heading; consequently the proposed change lacked sustainable reasons. There was no evidence of concealment warranting extended limitation; matter was revenue neutral. The impugned reassessment was set aside and the appeal allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
