Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
Exemption under Notification No. 50/2017-Cus was denied because the goods were found suitable for use in motor vehicles, and the exclusion clause was read strictly without adding a requirement that the goods be directly fitted into the vehicle. The Tribunal accepted that motors and sensors used solely in manufacture of automotive systems could fall within the exclusion, so the concessional customs duty benefit was unavailable. Classification of pressure transducers/sensors under CTH 90318000 was sustained because the importer had consistently declared that heading and no dispute on classification was raised in the show cause notice for the relevant period. Interest and penalty on the IGST component were set aside as the amended levy applied prospectively from 16.08.2024.
Exemption under Notification No. 50/2017-Cus was denied because the goods were found suitable for use in motor vehicles, and the exclusion clause was read strictly without adding a requirement that the goods be directly fitted into the vehicle. The Tribunal accepted that motors and sensors used solely in manufacture of automotive systems could fall within the exclusion, so the concessional customs duty benefit was unavailable. Classification of pressure transducers/sensors under CTH 90318000 was sustained because the importer had consistently declared that heading and no dispute on classification was raised in the show cause notice for the relevant period. Interest and penalty on the IGST component were set aside as the amended levy applied prospectively from 16.08.2024.
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