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...
Customs valuation was redetermined using the supplier's export declaration and accepted where the importer did not produce alternate purchase documentation; the Tribunal upheld the enhanced assessable value and differential duty. The record supported misdeclaration of goods, quantity and value, so confiscation of the imported goods was sustained. In mitigation, the redemption fine and one specified penalty were reduced while all other penalties were set aside. The summary addresses valuation, misdescription/misdeclaration, confiscation, and selective remission of fiscal penalties as the operative effects.
Customs valuation was redetermined using the supplier's export declaration and accepted where the importer did not produce alternate purchase documentation; the Tribunal upheld the enhanced assessable value and differential duty. The record supported misdeclaration of goods, quantity and value, so confiscation of the imported goods was sustained. In mitigation, the redemption fine and one specified penalty were reduced while all other penalties were set aside. The summary addresses valuation, misdescription/misdeclaration, confiscation, and selective remission of fiscal penalties as the operative effects.
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