Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Misclassification between copra and dry coconut: customs recovery and re-valuation quashed for lack of prior licensing-authority invalidation, appeals...
An educational institution running a school was found to have gross receipts below the prescribed threshold, so it was legally entitled to exemption under section 10(23C)(iiiad). The Tribunal noted that even if exemption under section 10(23C)(vi) was not available, the alternative claim succeeded on the admitted facts of educational activity and receipts within the statutory limit. The alternative plea was therefore accepted, and the exemption under section 10(23C)(iiiad) was allowed, leaving the other grounds open.
An educational institution running a school was found to have gross receipts below the prescribed threshold, so it was legally entitled to exemption under section 10(23C)(iiiad). The Tribunal noted that even if exemption under section 10(23C)(vi) was not available, the alternative claim succeeded on the admitted facts of educational activity and receipts within the statutory limit. The alternative plea was therefore accepted, and the exemption under section 10(23C)(iiiad) was allowed, leaving the other grounds open.
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