Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
The note on parts classification requires parts that are goods included in a chapter heading or are suitable solely or principally for a particular machine to be classified with that machine; applying this, condenser fans and blowers used as components of bus rooftop or vehicle air conditioning systems function to expel hot air from condenser coils or engine compartments and are principally integrated into HVAC assemblies. Consequently, when supplied for use with air conditioning machines they are classifiable as parts of air conditioning machines under Heading 8415 90 rather than under the heading for industrial fans and blowers.
The note on parts classification requires parts that are goods included in a chapter heading or are suitable solely or principally for a particular machine to be classified with that machine; applying this, condenser fans and blowers used as components of bus rooftop or vehicle air conditioning systems function to expel hot air from condenser coils or engine compartments and are principally integrated into HVAC assemblies. Consequently, when supplied for use with air conditioning machines they are classifiable as parts of air conditioning machines under Heading 8415 90 rather than under the heading for industrial fans and blowers.
Note: It is a system-generated summary and is for quick reference only.
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