Advance pricing agreement methodology can guide benchmarking for non-covered years when functions, assets, risks and activities remain materially unch...
Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
Timely payment under section 28(6)(i) statutorily concludes all matters stated in a customs show-cause notice, except proceedings expressly preserved. On that reading, proceedings concerning provisionally released imported goods cannot continue selectively for confiscation, redemption fine or penalty under section 114A after statutory conclusion. Redemption fine requires a valid confiscation order, while the proviso to section 125 regulates an existing confiscation power and cannot revive a power already brought to an end. Precedent concerning provisionally released goods does not determine the consequence of statutory conclusion under section 28(6)(i).
Timely payment under section 28(6)(i) statutorily concludes all matters stated in a customs show-cause notice, except proceedings expressly preserved. On that reading, proceedings concerning provisionally released imported goods cannot continue selectively for confiscation, redemption fine or penalty under section 114A after statutory conclusion. Redemption fine requires a valid confiscation order, while the proviso to section 125 regulates an existing confiscation power and cannot revive a power already brought to an end. Precedent concerning provisionally released goods does not determine the consequence of statutory conclusion under section 28(6)(i).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4908 
