Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Mixtures of natural rubber and synthetic rubber in primary form are classifiable under tariff item 4002 80 90 where they retain the essential character of raw rubber and do not fall within the exclusions in Chapter Note 5(A). Permitted additives do not change classification, but actual composition may require verification at import, including testing where necessary. The concessional benefit under Serial No. 501 of Notification No. 46/2011-Cus is available only conditionally: the goods must satisfy the applicable Rules of Origin, a valid Certificate of Origin must be produced, and compliance must be verified by the proper officer at the time of import.
Mixtures of natural rubber and synthetic rubber in primary form are classifiable under tariff item 4002 80 90 where they retain the essential character of raw rubber and do not fall within the exclusions in Chapter Note 5(A). Permitted additives do not change classification, but actual composition may require verification at import, including testing where necessary. The concessional benefit under Serial No. 501 of Notification No. 46/2011-Cus is available only conditionally: the goods must satisfy the applicable Rules of Origin, a valid Certificate of Origin must be produced, and compliance must be verified by the proper officer at the time of import.
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