Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Issue concerns denial of exemption under charitable-trust law for part of salary paid to a specified officer on grounds of excessiveness; the legal point applied is assessment of reasonableness of remuneration by reference to role, responsibilities and relevant experience. The increase in salary was held to correspond to expanded duties and proven industry experience, and was approved by the entity's managing committee; as a result the challenged disallowance was not sustained and the payment was treated as reasonable for exemption purposes.
Issue concerns denial of exemption under charitable-trust law for part of salary paid to a specified officer on grounds of excessiveness; the legal point applied is assessment of reasonableness of remuneration by reference to role, responsibilities and relevant experience. The increase in salary was held to correspond to expanded duties and proven industry experience, and was approved by the entity's managing committee; as a result the challenged disallowance was not sustained and the payment was treated as reasonable for exemption purposes.
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