https://www.taxtmi.com/caselaws?id=258761 A concluded contract with the foreign supplier was found to have been formed before the restrictive notification dated 07.04.2006, so the assessee retained the benefit of the earlier import regime. The invoice dated 30.03.2006, though described as proforma, was supported by same-day payment of US$38,000 and later adjustment for short supply, which were treated as sufficient evidence of a valid and binding commercial arrangement. The Tribunal's finding was neither absurd nor perverse, and no substantial question of law arose against that factual conclusion. en-us Mon, 06 Apr 2015 00:00:00 +0530 Thu, 20 Aug 2015 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258761 A concluded contract with the foreign supplier was found to have been formed before the restrictive notification dated 07.04.2006, so the assessee retained the benefit of the earlier import regime. The invoice dated 30.03.2006, though described as proforma, was supported by same-day payment of US$38,000 and later adjustment for short supply, which were treated as sufficient evidence of a valid and binding commercial arrangement. The Tribunal's finding was neither absurd nor perverse, and no substantial question of law arose against that factual conclusion. Case-Laws Customs Mon, 06 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258761