Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Provisional release of imported perishable goods pending tariff classification was made conditional on stronger revenue safeguards because the classification dispute over roasted versus dried areca nuts remained for competent adjudication and the importer's financial position did not adequately secure possible dues. The Court noted that a prima facie expert report suggested no roasting, and that tariff valuation would depend on whether Section 14(2) applied. It modified the release conditions to require deposit of 50% of the determined amount and a bank guarantee for 25%, while also holding that customs authorities had unduly delayed adjudication without justification. It directed issuance of a show cause notice within two weeks and completion of adjudication within the fixed timeline.
Provisional release of imported perishable goods pending tariff classification was made conditional on stronger revenue safeguards because the classification dispute over roasted versus dried areca nuts remained for competent adjudication and the importer's financial position did not adequately secure possible dues. The Court noted that a prima facie expert report suggested no roasting, and that tariff valuation would depend on whether Section 14(2) applied. It modified the release conditions to require deposit of 50% of the determined amount and a bank guarantee for 25%, while also holding that customs authorities had unduly delayed adjudication without justification. It directed issuance of a show cause notice within two weeks and completion of adjudication within the fixed timeline.
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