Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
ITAT determined that assessment framed under provisions relating to adjudication under a special dispute resolution mechanism is time-barred due to the interplay of limitation provisions, finding the assessment barred by the limitation regime and consequently quashing the final assessment. The decision notes that the revenue must follow the procedure for an identical question pending before higher courts under the statutory mechanism, and it relies on coordinate bench and High Court precedents to uphold consistency. Parties are granted liberty to revive the appeal if the Supreme Court Larger Bench decision on the limitation issue alters this result.
ITAT determined that assessment framed under provisions relating to adjudication under a special dispute resolution mechanism is time-barred due to the interplay of limitation provisions, finding the assessment barred by the limitation regime and consequently quashing the final assessment. The decision notes that the revenue must follow the procedure for an identical question pending before higher courts under the statutory mechanism, and it relies on coordinate bench and High Court precedents to uphold consistency. Parties are granted liberty to revive the appeal if the Supreme Court Larger Bench decision on the limitation issue alters this result.
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