Page 297 - ELT_15th June 2020_VOL 372_Part 6th

2020 ] SUBJECT INDEX 943
Import (Contd.)
expired at the time of final assessment - Delays in finalization of
provisional assessment not to have any impact on the benefits available
under the said Authorizations even when validity of Authorization
expires during this period - Authorizations valid at the time of import
and having sufficient balance to take care of not only the declared value
but also the enhanced value - Demand not sustainable - Section 28 of
Customs Act, 1962 — Hindalco Industries Ltd. v. Commissioner of Customs,
Ahmedabad (Tri. - Ahmd.) ................................ 890
— value of Hot-rolled steel plates (non-alloy), contemporary imports by PSU
when not reliable evidence for enhancement of value - See under
VALUATION (CUSTOMS) ............................ 279
Import general manifest - Amendment of - It can be refused only on ground
having bearing on exporter or intended purchaser, and not on importer
— Vallabh Wool Industries v. Commr. of Cus. (Export), Nhava Sheva (Tri. - Mumbai) ..... 888
Import policy’s contravention, relevance of Date of Import - See under
CONFISCATION .................................. 600
Imported goods abandoned by importer and auctioned, importer eligible for
interest on delay in paying due sales proceeds to him - See under
INTEREST/COMPENSATION .......................... 836
— Power to draw samples of imported goods after release of goods on
provisional basis - See under SAMPLES ...................... 42
— remained uncleared even after procuring foreign exchange, Managing
Director of Company liable for contravention - See under FOREIGN
EXCHANGE MANAGEMENT ACT, 1999 ..................... 3
Imported inactive dried yeast, classification of - See under ENZYMES ...... 458
Importer is not liable to penalty for incorrect statement in IGM - See under
PENALTY ...................................... 888
IMPORTS AND EXPORTS (CONTROL) ACT, 1947 :
— See also under PROSECUTION .......................... 714
— Section 5 - See under PROSECUTION ...................... 524
Inactive dried yeast, classification of - See under ENZYMES ........... 458
Income Tax - Sales tax paid debited in separate account for set off against
subsequent sales is not business expenditure, deduction not permissible -
See under TAX RECOVERABLE ACCOUNT .................. 785
— Unutilised credit at end of accounting year cannot be deducted as
business expenditure for Income Tax purpose - See under
CENVAT/MODVAT CREDIT .......................... 785
INCOME TAX ACT, 1961 :
— Section 43B - See under CENVAT/MODVAT CREDIT ............. 785
— See also under TAX RECOVERABLE ACCOUNT ........... 785
Incomplete declaration not amounting to misdeclaration of goods - See
under CONFISCATION AND PENALTY .................... 455
Indian currency seized from incoming passenger, confiscation and penalty
sustainable - See under CONFISCATION AND PENALTY ........... 750
— seizure under FERA, confiscation and penalty not sustainable due to lack
of evidence - See under PENALTY ........................ 701
INDIAN EVIDENCE ACT, 1872 :
— Section 26 - See under PROSECUTION ...................... 318
— Section 56 - See under ADJUDICATION ..................... 610
EXCISE LAW TIMES  15th June 2020  297