Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
An advance ruling application is not maintainable where the same classification question is already pending in the applicant's own case before customs appellate fora or a court. The Authority held that disputes concerning Lithium Ion Cells and related components were already pending, and rejected the attempt to distinguish the cells by intended end use because classification turns on the goods' nature, composition and technical characteristics unless the tariff entry requires otherwise. It also held that the statutory bar applies to intrinsically connected goods and that partial admission is not contemplated; the application was therefore rejected in toto, with liberty to file a fresh application limited to goods not hit by the bar.
An advance ruling application is not maintainable where the same classification question is already pending in the applicant's own case before customs appellate fora or a court. The Authority held that disputes concerning Lithium Ion Cells and related components were already pending, and rejected the attempt to distinguish the cells by intended end use because classification turns on the goods' nature, composition and technical characteristics unless the tariff entry requires otherwise. It also held that the statutory bar applies to intrinsically connected goods and that partial admission is not contemplated; the application was therefore rejected in toto, with liberty to file a fresh application limited to goods not hit by the bar.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
