Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Imported rotary gas meters were classified as gas meters under CTI 9028 10 00 because their essential function was custody transfer measurement of the total volume of gas passed through them, as shown by the product brochure, direct readout and buyer use. The Tribunal held that pressure or flow specifications did not change the instrument's character, so the alternative claim to exemption failed. The extended period of limitation could not be invoked because the documents were filed and the dispute arose from classification, not collusion, wilful misstatement or suppression of facts; the demand survived only for the normal period. Penalty under section 114A was also set aside for the same reason.
Imported rotary gas meters were classified as gas meters under CTI 9028 10 00 because their essential function was custody transfer measurement of the total volume of gas passed through them, as shown by the product brochure, direct readout and buyer use. The Tribunal held that pressure or flow specifications did not change the instrument's character, so the alternative claim to exemption failed. The extended period of limitation could not be invoked because the documents were filed and the dispute arose from classification, not collusion, wilful misstatement or suppression of facts; the demand survived only for the normal period. Penalty under section 114A was also set aside for the same reason.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
