Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
The text addresses valuation of exports under FOB principles, holding that FOB includes costs incurred up to loading (factory price, inland transport, packing, loading, commission/commission-like fees) and that deductions for protective-agent commissions affect export duty calculation. It treats customs settlement and deposit as admissible admissions by conduct bearing evidential weight. The piece states directors can be held liable for company contraventions absent evidence of due diligence or lack of knowledge, observing the civil penalty regime does not require mens rea. It also notes a proviso permitting adjudication beyond the target period provided reasons for delay are periodically recorded and considered.
The text addresses valuation of exports under FOB principles, holding that FOB includes costs incurred up to loading (factory price, inland transport, packing, loading, commission/commission-like fees) and that deductions for protective-agent commissions affect export duty calculation. It treats customs settlement and deposit as admissible admissions by conduct bearing evidential weight. The piece states directors can be held liable for company contraventions absent evidence of due diligence or lack of knowledge, observing the civil penalty regime does not require mens rea. It also notes a proviso permitting adjudication beyond the target period provided reasons for delay are periodically recorded and considered.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
