Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
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For second-hand machinery, customs valuation must follow the statutory sequence under the Valuation Rules and cannot rest on internet offers, broad market estimates, or unsupported tonnage methods. Where imported cranes were examined, assessed on chartered engineer certification, and no reliable evidence of a higher transaction value or legally admissible corroboration existed, the later redetermination of assessable value and differential duty failed. A time-bar also applied to consignments beyond five years under Section 28, so duty could not survive on those imports. Mere mismatch between declared invoice value and later revalued figures did not prove misdeclaration for confiscation or penalty under Section 111(m); redemption fine and penalties were set aside. The same unsustainable valuation basis could not support finalisation of provisional assessment under Section 18.
For second-hand machinery, customs valuation must follow the statutory sequence under the Valuation Rules and cannot rest on internet offers, broad market estimates, or unsupported tonnage methods. Where imported cranes were examined, assessed on chartered engineer certification, and no reliable evidence of a higher transaction value or legally admissible corroboration existed, the later redetermination of assessable value and differential duty failed. A time-bar also applied to consignments beyond five years under Section 28, so duty could not survive on those imports. Mere mismatch between declared invoice value and later revalued figures did not prove misdeclaration for confiscation or penalty under Section 111(m); redemption fine and penalties were set aside. The same unsustainable valuation basis could not support finalisation of provisional assessment under Section 18.
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