Social forestry expenditure requires activity-based classification, limiting book-profit adjustments and preserving penalty relief where normal additi...
Inaccurate-particulars penalties fail where transfer-pricing documentation shows good faith and due diligence, and underlying capital-gains additions ...
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Conditional customs duty exemption for an imported aircraft requires use solely for authorised non-scheduled charter services. Commercial operation without the required regulatory approval breaches the post-import exemption condition, making the aircraft liable to confiscation, redemption fine, consequential customs duty and penalties on the importer and responsible managing personnel. Duty following redemption of confiscated goods arises as a consequence of confiscation proceedings rather than as a non-levy or short-levy demand, so the limitation framework for such demands does not apply. Where actual freight and transit-insurance costs are available, customs valuation must use those costs rather than notional additions; duty requires recomputation on that basis.
Conditional customs duty exemption for an imported aircraft requires use solely for authorised non-scheduled charter services. Commercial operation without the required regulatory approval breaches the post-import exemption condition, making the aircraft liable to confiscation, redemption fine, consequential customs duty and penalties on the importer and responsible managing personnel. Duty following redemption of confiscated goods arises as a consequence of confiscation proceedings rather than as a non-levy or short-levy demand, so the limitation framework for such demands does not apply. Where actual freight and transit-insurance costs are available, customs valuation must use those costs rather than notional additions; duty requires recomputation on that basis.
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