Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Where books of account were unavailable and not accepted, the tribunal treated the presumptive scheme under section 44AE as a reasonable guiding yardstick for estimating income from transport business though the statutory ceiling did not strictly apply; it directed recomputation of income by applying the section 44AE rates as a benchmark. The tribunal held that consequential additions and disallowances linked to business records-earlier made under allegations of unexplained cash credits, sundry creditors/debtors and tax withholding defaults-are subsumed in the presumptive estimate and must be deleted unless Revenue proves they are independent unexplained income. Capital-gains claim remitted for fresh consideration.
Where books of account were unavailable and not accepted, the tribunal treated the presumptive scheme under section 44AE as a reasonable guiding yardstick for estimating income from transport business though the statutory ceiling did not strictly apply; it directed recomputation of income by applying the section 44AE rates as a benchmark. The tribunal held that consequential additions and disallowances linked to business records-earlier made under allegations of unexplained cash credits, sundry creditors/debtors and tax withholding defaults-are subsumed in the presumptive estimate and must be deleted unless Revenue proves they are independent unexplained income. Capital-gains claim remitted for fresh consideration.
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