No re-examination as cost of imported cars sold in bulk to related party can be lesser than cost to independent buyers purchasing customised cars in r

EXCISE/ST/VAT : Where Swedish car manufacturer sold cars to independent buyers at price 33% higher than price at which cars were imported by appellant-distributor, a related party, in view of fact that cars sold to independent buyers were different having additional customized security features as per buyer’s requirements and those cars were sold in retail while appellant purchased in bulk, thus, causing price difference,EXCISE/ST/VAT : Where Swedish car manufacturer sold cars to independent buyers at price 33% higher than price at which cars were imported by appellant-distributor, a related party, in view of fact that cars sold to independent buyers were different having additional customized security features as per buyer’s requirements and those cars were sold in retail while appellant purchased in bulk, thus, causing price difference,www.taxmann.com Latest Case LawsRead More

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