Tuesday, July 20, 2021

Advertising, Marketing and promotion ('AMP') expenses incurred by Importer not required to be added in value of imported goods; Appeal dismissed by SC

EXCISE/ST/VAT : Appeal against Tribunal's order holding that marketing, advertising, sponsorship and promotional expenses/payments made by importer-distributor to promote foreign sports brand being not a condition of sale of such goods by foreign company, were not liable to be included in value of imported goods, dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/3rmySO0

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...