Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Religious purpose exclusion versus charitable purpose: non overriding religious objects do not attract Explanation 3, registration directed under sect...
Re-export of seized imported goods was permitted pending adjudication because the Court declined to examine alleged misclassification or misdeclaration and proceeded on the undisputed position that the goods had remained in custody for a prolonged period, samples had already been drawn, and continued seizure would serve no useful purpose. The permission was made conditional on the petitioner executing a bond for the differential duty payable and furnishing a bank guarantee equivalent to 5% of the re-determined value. The writ petition was disposed of on that basis, with the respondents directed to allow re-export subject to those safeguards.
Re-export of seized imported goods was permitted pending adjudication because the Court declined to examine alleged misclassification or misdeclaration and proceeded on the undisputed position that the goods had remained in custody for a prolonged period, samples had already been drawn, and continued seizure would serve no useful purpose. The permission was made conditional on the petitioner executing a bond for the differential duty payable and furnishing a bank guarantee equivalent to 5% of the re-determined value. The writ petition was disposed of on that basis, with the respondents directed to allow re-export subject to those safeguards.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
