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...
Interplay between limitation for passing final assessment under section 144C(13) and section 153 is examined; the analysis applies the principle that provisions are to be read together where they are inter-dependent and overlapping, particularly regarding transfer pricing related provisions, and therefore the applicable limitation period must be determined with reference to section 144C read with section 153; consequence: final assessment orders issued beyond that combined limitation period are jurisdictionally infirm and were quashed following the precedent relied upon.
Interplay between limitation for passing final assessment under section 144C(13) and section 153 is examined; the analysis applies the principle that provisions are to be read together where they are inter-dependent and overlapping, particularly regarding transfer pricing related provisions, and therefore the applicable limitation period must be determined with reference to section 144C read with section 153; consequence: final assessment orders issued beyond that combined limitation period are jurisdictionally infirm and were quashed following the precedent relied upon.
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