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...
Invalid approval for reassessment under the post-search regime vitiated the assessments, because the record did not show proper transmission of seized material to the approving authority and that factual gap remained unrebutted. The Tribunal also treated the assessments for the relevant years as wrongly framed under section 143(3), since after the search they fell within the post-search reassessment framework under sections 148/147, and quashed them on that basis. On the property issue, it accepted the seized document showing a lower investment figure and reduced the unexplained investment addition accordingly. On the cash issue, it directed verification of the company's taxed income and grant of telescoping to prevent double addition.
Invalid approval for reassessment under the post-search regime vitiated the assessments, because the record did not show proper transmission of seized material to the approving authority and that factual gap remained unrebutted. The Tribunal also treated the assessments for the relevant years as wrongly framed under section 143(3), since after the search they fell within the post-search reassessment framework under sections 148/147, and quashed them on that basis. On the property issue, it accepted the seized document showing a lower investment figure and reduced the unexplained investment addition accordingly. On the cash issue, it directed verification of the company's taxed income and grant of telescoping to prevent double addition.
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