Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile ac...
Page of 4814
Press 'Enter' after typing page number.
5701 to 5720 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" ?
In export valuation under Section 14, the transaction value is the primary measure and Customs Valuation Rules (CVR, 2007) must be applied sequentially; the Revenue bears the burden to displace a declared invoice value. The tribunal found the department bypassed the sequential Rules and improperly relied on a market survey that compared manufacturers' prices to a trader's procurement cost, rendering the comparison and re-determined per unit valuation (with an added notional 10% profit) incorrect and unsupported by law. Because the Revenue failed to justify reassessment, the appeals were dismissed and the seized goods were directed to be released following upload of the order.
In export valuation under Section 14, the transaction value is the primary measure and Customs Valuation Rules (CVR, 2007) must be applied sequentially; the Revenue bears the burden to displace a declared invoice value. The tribunal found the department bypassed the sequential Rules and improperly relied on a market survey that compared manufacturers' prices to a trader's procurement cost, rendering the comparison and re-determined per unit valuation (with an added notional 10% profit) incorrect and unsupported by law. Because the Revenue failed to justify reassessment, the appeals were dismissed and the seized goods were directed to be released following upload of the order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
