Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Reverse charge and assignment of royalty collection: exemption for excess royalty collectors subject to reconciliation; leaseholders remain liable und...
Undervaluation of imported networking equipment turned on whether embedded or integral software must form part of the transaction value of hardware; Tribunal affirms inclusion of software value and upholds duty confirmation on valuation grounds. Tribunal finds the classification and separation of software was interpretative and based on a bona fide belief, so there was no suppression or wilful misstatement; extended limitation for fraud/suppression cannot be invoked and penalty is set aside. Consequentially, demands are remitted for re quantification limited to the normal period of limitation, with amounts outside that period held time barred.
Undervaluation of imported networking equipment turned on whether embedded or integral software must form part of the transaction value of hardware; Tribunal affirms inclusion of software value and upholds duty confirmation on valuation grounds. Tribunal finds the classification and separation of software was interpretative and based on a bona fide belief, so there was no suppression or wilful misstatement; extended limitation for fraud/suppression cannot be invoked and penalty is set aside. Consequentially, demands are remitted for re quantification limited to the normal period of limitation, with amounts outside that period held time barred.
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