Case Law Details
Case Name : Automotive Tyre Manufacturers Association Vs The Designated Authority & Ors. (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
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The Supreme Court last week set aside the ruling of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) and quashed the levy of anti-dumping duty imposed under a notification dated April 27, 2005. The order was passed in the appeal case, Automative Tyre Manufacturers Association vs Designated Authority (DA). The association represented domestic tyre manufacturing units, who import nylon tyre cord fabric from various countries, including China, as one of their basic raw materials for manufacture of tyres. The tribunal had dismissed the appeals, prefer
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Maazing piece of information. Keep it up !!
Rohit
am belgian
could you explain what TDS amount means ?
and i dont see in the circular published that this certificate would not be necessary for payment of imported goods
a six
asx@picanol.be
THE CA CERTIFICATE CALLS FOR TDS AMOUNT ON IMPORT PAYMENTS. IN CASE OF PAYMENTS FOR IMPORTED GOODS, THE QUESTION OF TDS DOES NOT ARISE.WHICH LAW PROVIDES FOR INCOME-TAX DEDUCTION AT SOURCE ON IMPORT OF GOODS..?
HENCE, THIS RBI CIRCULAR, AS THE CAPTION SUGGESTS, IS APPLICABLE ONLY FOR IMPORT PAYMENTS WHERE TDS IS INVOLVED AND NOT FOR PAYMENTS FOR IMPORTED GOODS. RBI SHOULD IMMEDIATELY RECTIFY THE CIRCULAR PROVIDING APPROPRIATE LARIFICATION TO AUTHORISED DEALERS.