International Tax Ruling
No provision present in Excise law authorizing Appellate Authority to review order passed exercising discretion u/s 35F; CESTAT upholds order of Commissioner (Appeals) rejecting application for modifi
...View More Holds interest payable on delayed refund of sales proceeds to owner of goods; Where no specific period prescribed under law, all statutory powers required to be exercised within reasonable period; Non
...View More Settlement Commission's order refusing to admit the application on grounds of limitation patently erroneous; Application for settlement filed on Jan 14th but the adjudication order was passed on Jan 1
...View More Rejects Revenue's 'additional discount' argument on related party imports; Accepts transaction value of imports for levy of customs duty; Additional discount offered by foreign related party supplier
...View More Interest on default for payment of sales tax (in tax return) not chargeable if no return filed at all and consequently no tax paid thereon; Tax becomes due only after assessment as per return filed, a
...View More Upholds no right of appeal to Custom House Agent ('CHA') against Prohibition Orders under Regulation 21 of CHA Licensing Regulations; Regulations constitute “self-contained code” for licen
...View More HC quashes recovery proceedings against ex-Directors of defunct company; Directors became liable only after provision enabling recovery on company's default came into effect w.e.f April 1, 1999; Conce
...View More CESTAT allows adjustment of outstanding interest dues against rebate claim sanctioned; Assessee barred from challenging the merits of an earlier dispute in a proceeding involving a different issue; Co
...View More Goods cleared for "trial and demonstration" purposes should be valued based on transaction value for excise duty payment; Method specified under Rule 4 based on value of identical/similar goods cleare
...View More HC quashes show-cause notice by invoking writ jurisdiction; Revenue issued show-cause notice with "predetermined mind" and violated principles of natural justice; Authorities showed "closed mind" at t
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