Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Duty-free import benefit for a 100% EOU was denied because export of serpentine products did not satisfy the condition attached to imported marble blocks, as serpentine marble and marble were not similar goods; customs duty was therefore payable on the imports. The extended period of limitation was set aside because the department knew of the imports, exports and DTA clearances, so suppression with intent to evade duty was not proved, and a B-17 bond did not remove the normal limitation rules. Cutting marble blocks into slabs or tiles during the relevant period was held not to amount to manufacture, so the central excise demand failed. Excise duty already paid on DTA clearances was allowed to be adjusted against the surviving customs demand, and confiscation, redemption fine and penalties were set aside.
Duty-free import benefit for a 100% EOU was denied because export of serpentine products did not satisfy the condition attached to imported marble blocks, as serpentine marble and marble were not similar goods; customs duty was therefore payable on the imports. The extended period of limitation was set aside because the department knew of the imports, exports and DTA clearances, so suppression with intent to evade duty was not proved, and a B-17 bond did not remove the normal limitation rules. Cutting marble blocks into slabs or tiles during the relevant period was held not to amount to manufacture, so the central excise demand failed. Excise duty already paid on DTA clearances was allowed to be adjusted against the surviving customs demand, and confiscation, redemption fine and penalties were set aside.
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