Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
Differential duty under the EPCG Notification No.28/97 was held payable in principle in terms of the bond, but the demand was quashed and remitted for re computation because the adjudicating authority confirmed demand without hearing the appellant and without considering pending requests to include third party exports, duty calculation on depreciated value of capital goods, and permissible intervening exports. Confiscation under the Customs non observance provision is unsustainable where the competent authority subsequently extended the export obligation period, thereby regularising earlier non observance; consequently confiscation of capital goods and the related penalty are set aside. Appeal allowed in part and demand remanded.
Differential duty under the EPCG Notification No.28/97 was held payable in principle in terms of the bond, but the demand was quashed and remitted for re computation because the adjudicating authority confirmed demand without hearing the appellant and without considering pending requests to include third party exports, duty calculation on depreciated value of capital goods, and permissible intervening exports. Confiscation under the Customs non observance provision is unsustainable where the competent authority subsequently extended the export obligation period, thereby regularising earlier non observance; consequently confiscation of capital goods and the related penalty are set aside. Appeal allowed in part and demand remanded.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
