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...
Misclassification between copra and dry coconut: customs recovery and re-valuation quashed for lack of prior licensing-authority invalidation, appeals...
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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