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of <h1>Supreme Court classifies imported goods under different heading, remits refund matter.</h1> <h3>Commissioner of Customs, Bangalore Versus M/s. Elgithread (India) Ltd.</h3> The Supreme Court ruled in favor of the assessee, classifying imported goods under Chapter Heading 90.27 instead of 90.31. The matter of refund was ... Classification of goods - Classification of Tyre Scanner K2 type separation and Tread Porosity System and Software for Scanner K2 - Held that:- Tax effect is only ₹ 7,18,919/-. However, insofar as refund of the aforesaid amount is concerned, the matter is remitted back to the Adjudicating Authority to consider as to whether the tax effect was passed on by the assessee to the consumer or not and based thereupon, the issue of refund be decided keeping in view the principle laid down in Commissioner of Central Excise, Chennai-III Versus Grasim Industries [2015 (4) TMI 389 - SUPREME COURT]. - Appeal disposed of. The Supreme Court heard a case involving the classification of imported goods, Tyre Scanner K2 and Tread Porosity System. The Tribunal ruled in favor of the assessee, classifying the goods under Chapter Heading 90.27 instead of 90.31. The tax effect was &8377; 7,18,919, and the matter of refund was remitted to the Adjudicating Authority for consideration based on the passing of tax effect to consumers. The appeal was disposed of accordingly.
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