Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Unassembled elevator components did not acquire the essential character of complete lifts under Rule 2(a) because several installation and operation items, including guiderails, structural frames, enclosures and balance weights, were not imported and had to be sourced locally. The imported goods could not independently perform vertical transportation, and further integration in India was required beyond mere assembly. As a result, classification under Tariff Item 84281011 was rejected. The components were then classified individually under their own headings where specifically covered, and the remaining elevator-specific items were treated as parts of elevators under heading 8431, more specifically 84313910, where no more specific heading applied.
Unassembled elevator components did not acquire the essential character of complete lifts under Rule 2(a) because several installation and operation items, including guiderails, structural frames, enclosures and balance weights, were not imported and had to be sourced locally. The imported goods could not independently perform vertical transportation, and further integration in India was required beyond mere assembly. As a result, classification under Tariff Item 84281011 was rejected. The components were then classified individually under their own headings where specifically covered, and the remaining elevator-specific items were treated as parts of elevators under heading 8431, more specifically 84313910, where no more specific heading applied.
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