Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Taxation of goods in a works contract is governed by the principle that the taxable event is the transfer of property in goods incorporated in the works and the taxable value is the value of those goods at the time of incorporation. Applying the transformation and marketability tests, fabricated steel superstructures/triangulated girders were held to be commercially distinct, marketable goods whose value included embedded fabrication, transportation, launching and erection costs; accordingly they were taxable as unspecified goods and most claimed fabrication-related deductions were disallowed. Reassessment under Section 31 BVAT was held within jurisdiction where recorded satisfaction existed on the material before the assessing officer.
Taxation of goods in a works contract is governed by the principle that the taxable event is the transfer of property in goods incorporated in the works and the taxable value is the value of those goods at the time of incorporation. Applying the transformation and marketability tests, fabricated steel superstructures/triangulated girders were held to be commercially distinct, marketable goods whose value included embedded fabrication, transportation, launching and erection costs; accordingly they were taxable as unspecified goods and most claimed fabrication-related deductions were disallowed. Reassessment under Section 31 BVAT was held within jurisdiction where recorded satisfaction existed on the material before the assessing officer.
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