Assessment time-barred u/s 153 due to missing competent-authority reference for Singapore exchange of information; assessment disallowed as barred by ...
Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
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Dispute concerns proper interest computation on delayed service tax where the question was which entry in Notification No.13/2016 applies; tribunal held that, because the appellant used cum-tax pricing and did not segregate tax from gross receipts, the liability is a plain short-payment covered by serial no.2 of the Notification rather than serial no.1, and the interest must be calculated accordingly. The demand was not framed under the special provision for reassessment and was issued under the general interest provision. Having paid tax, most interest and a reduced penalty within 30 days, the appellant qualified for the mitigation under the penalty provision and the impugned demand was set aside and appeal allowed.
Dispute concerns proper interest computation on delayed service tax where the question was which entry in Notification No.13/2016 applies; tribunal held that, because the appellant used cum-tax pricing and did not segregate tax from gross receipts, the liability is a plain short-payment covered by serial no.2 of the Notification rather than serial no.1, and the interest must be calculated accordingly. The demand was not framed under the special provision for reassessment and was issued under the general interest provision. Having paid tax, most interest and a reduced penalty within 30 days, the appellant qualified for the mitigation under the penalty provision and the impugned demand was set aside and appeal allowed.
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