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...
The article addresses transfer pricing adjustments for NCDs, applying the comparability filter to exclude specified opening NCDs from ALP adjustment and directing that the NCD with 13.20% coupon be benchmarked afresh using the Internal Comparable Uncontrolled Price as the most appropriate method after the assessee had furnished a benchmarking submission. It also holds that an appellate authority may admit a fresh deduction claim for customer incentives and remits quantification to the assessing officer for de novo adjudication. The assessing officer is directed to grant statutory interest on any refund in accordance with law.
The article addresses transfer pricing adjustments for NCDs, applying the comparability filter to exclude specified opening NCDs from ALP adjustment and directing that the NCD with 13.20% coupon be benchmarked afresh using the Internal Comparable Uncontrolled Price as the most appropriate method after the assessee had furnished a benchmarking submission. It also holds that an appellate authority may admit a fresh deduction claim for customer incentives and remits quantification to the assessing officer for de novo adjudication. The assessing officer is directed to grant statutory interest on any refund in accordance with law.
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