https://www.taxtmi.com/caselaws?id=205548 The Court held that the requirement to submit a reconciliation statement within three months under Regulation 7 of the Project Import Regulations, 1986, was directory, not mandatory. The Tribunal's decision to accept the belated statement before finalizing the assessment was deemed appropriate, emphasizing the discretionary nature of Rule 7. The Court dismissed the appeal without costs, clarifying that flexibility and discretion exist within the regulatory framework to consider individual circumstances. en-us Wed, 12 Jan 2011 00:00:00 +0530 Fri, 19 Aug 2011 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205548 The Court held that the requirement to submit a reconciliation statement within three months under Regulation 7 of the Project Import Regulations, 1986, was directory, not mandatory. The Tribunal's decision to accept the belated statement before finalizing the assessment was deemed appropriate, emphasizing the discretionary nature of Rule 7. The Court dismissed the appeal without costs, clarifying that flexibility and discretion exist within the regulatory framework to consider individual circumstances. Case-Laws Customs Wed, 12 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205548